Q: Hello 5i team,
AltaGas at $37 today, is very close to a 52-week low. The P/E has ballooned to 32X. The RSI shows it below 30, indicating it is oversold. For someone waiting to enter this sector, this feels like a good entry point, or is it wise to wait until January 2015 to see things settle down with oil and to avoid ``catching a falling knife``?
thx, and I am loving this website!
Rob.
Q: Many energy companies have hedges in place that will allow for continued capex and divs...but who is on the other side of the trade? Some organization must be losing massive amounts to balance these hedges, could it be the Canadian banks and could that explain some of their recent downslide? Thank You Ron
Q: Thanks for your service! Curious about the portfolio review you offer but couldn't find info on the website.
I currently have minimal exposure to the energy sector, and am thinking about dipping my toes in the water for about a 5% weight that could be added to if oil had another shock to the downside. I'm looking at adding a few lowest-cost larger-cap producers that would be the "last men standing" should oil stay at these levels for an extended period. What would be your choices for core holdings in the space?
Also, why do you think OPEC kept production level?
I am a dividend investor and one of my rules in my portfolio management is to immediately sell any company that cuts it dividend without thought or question. I can repurchase the stock after a 60 day waiting period. This has helped in the past as the stock price usually keeps falling.
I own SGY and CPG in my portfolio in equal weight of 3% each. I am considering not using my "sell on dividend cut" rule as these stocks have dropped prior to a POSSIBLE dividend cut and may even rise if a cut is announced.
Q: Peter, only for the information file, I spoke with management at Surge this week. They told me the dividend is safe and they will protect it at all costs. They said they had prepared for this scenario in oil and would see there commitment on dividend through. Who do you believe, analysts or the boss of the company. I will take the boss of the company, Ken
Q: Comment only - Thank you for your comments re Amaya. As a holder I was panicked but appreciate the facts and insights you provide.
No reply necessary - Just want to say Thanks for a great service. Publish if you like.
Q: EasyHome has fell 17% in 5 days. It's trailing PE is now 15.5. There is no news I can find, so I speculate it's due to tax-loss selling. Unless they lend to people in Alberta more than anywhere else? I have a half position at a 20% loss. Would you add to the position?
Q: There has been occasional reference to the oil patch increasing their use of drones. It would seem then that drones would immensely benefit the work that SYD is directly involved in. But as noted in your reply to Ruth, SYD isn't doing very well.
So I'm curious if PUR is using drones
and that is why its stock is doing so much better. Also do you know the management of SYD and what do you think of them?
Can you please provide an update on NTB since your last comments Sept 12 and include any opinion you have on what effect on share value their revolutionary new drug, CaPre, may have as it enters Phase 3 clinical trials.
Doubtless you have a flood of emails regarding AYA. The news is scant but I would still appreciate your views and if you are surprised that AYA wasnt halted this morning. Also given the flood of selling this morning what are your recommendations?
Q: I am holding a basket of energy, of which are underwater at present and would appreciate your comments on which to hold a which to sell. With the sales proceeds I will redeploy the funds into the "keepers" or alternately add a new holding(s) that you might feel will provide best opportunity for go forward hold.The holdings are BTE,POU,CPG,BNE WCP,TOU,SGY,TVE.
Thanks
Q: It seems oil investors are throwing the baby out with the bathwater,two companies in particular-WCP has 48%of its 2015 production hedged @ $98/barrel,SGY P.O.ratio is @95% and its drilling new wells with a payout of less then 1 yr.even at $60 oil according Dundee.I own both companies and am considering gradually doubling my position.A good idea?