Q: There have been some announcements of companies deferring or mothballing major oilsands projects. Have the IPL growth opportunities in the oil sands deteriorated? Has the growth story at IPL taken a fundamental change for the worse?
Q: I'm thinking of buying some BNE. Do you know the current oil/gas production split, also, how do you view current debt level and is the dividend relatively secure?
As I mentioned in a prior question I am a significant holder of Convertible Debentures, some in Registered and some in non registered accounts
In the past decade I've only had 1 default (Prizm)
However today I am holding 5 CV's that are substantially below par and I am concerned that they will be able to settle in whole upon maturity.
I will list them as follows:
PLT.DB
WEQ.DB
ZAR.DV
AET.DB
LRE.DB
Question to you is, which of those are so dangerous to hold, given the current state of energy, that you would recommend I sell because taking the current bid is probably better than zero?
I'm trying to sort this out in my head in terms of how it is going to play out. Let's assume Greenspan is right and we run out of storage and oil instead heads straight to the market. It feels like what a "run on the bank" would be. We get much lower prices until production (supply) is taken down. This would be in the form of outright bankruptcies. Once that lost supply is gone, we can stabilize oil prices. Is this sort of how you see this crash playing out? Thanks
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Asked by Christopher on March 17, 2015
Q: I note in your email news report this morning that you are overall positive on prospects for the markets in general. Your report notes that the current P/E for the S&P500 is 19.37, which I understand is elevated but not of great concern. I see elsewhere, however, that the CAPE for the S&P500 is quite elevated at about 28, which some people in the business, notably Prem Watsa of Fairfax Financial, are taking as a glaring warning signal. What is your view on that?
Q: Can you please comment on negative bond yield we see, i believe, mostly in europe. I think i understand the concept of deflation but why would an investor accept negative ytm ? (Too much risk perceived elsewhere ...) Are those investors mostly gov't entities ? If i am not mistaken i saw the 30 year german bond yield at 1%. I really have hard time to see the appeal. Thank you for your thoughts.
Q: It looks like mart resources may enter an agreemant to have it's assets taken over by midwestern oil and gas at 80 cents a share. Does this make todays share price for mart a bargain. Is it worth buying some and waiting for deal to happen?
Q: On March 13 you said you preferred IBB as a biotech play.
I have tried to find a Canadian biotech ETF to no avail.
Is there such a thing and if not can you suggest a Canadian biotech group of stocks? I really don't want to pay $350 US / share for IBB.
Q: I was thinking about setting up the new portfolio between our 2 TFSA. 13 companies in one 12 in the other. I doubt I will need the money ever which give roughly 30-40 years for it to work its magic. Now would it be reasonable to do so and would you expect it to outperform a portfolio such as the model portfolio or similar? What if I need the money in 10 years? Both TFSAs are max out and I have other diversified portfolios beside that.
Q: Is there a connection I may be missing between the low price of oil and the solid upward momentum of healthcare stocks? That is,are healthcare businesses the beneficiaries of a new lower cost environment due to the current price of energy? Thank you, Peter