Q: hello, just wondering your opinion on CNQ [canadian national resources] should i sell or hold this stock, or maybe sell it & buy BAYTEX ? BTE.TO, any input appreciated. thank you.
Q: Hi Peter
You do not to answer this till after the holidays . Di.un. Dundee international . I am down 22% . If Europe is picking up am I justified in continuing to hold .or are there better places to put my money ? CNQ....my next stock... Do I also continue to hold this stock . As with all resources this has been dormant for a while. Is it also a hold ?
I am looking at purchasing a large cap oil company. I would like your opinion on cnq vs suncor? Suncor seems to have rocketed up and cnq is still in the low 30s. What would be a better hold? Also, in general what would you consider a good percentage for a portfolio return, per year, 5%, 7%? What did you aim for when you were a portfolio manager?
Q: Any reason why there is such a large difference between Imperial Oil (IMO) and Canadian Natural Resources (CNQ) when it comes to the P/E ? Are they not similar companies, in the same field, and both classical names ?
Q: cnq - CNQ has the second largest gas reserves, next to EnCana. No one seems to give much value to that. Do you think we have reached a bottom in the natural gas price, such that this will provide some torque to CNQ?
Q: This morning, CNQ had a conference call on its 2013 budget, and only one analyst in attendance, which made for a pretty short question and answer period. This does not look very serious for such a major company. It so happens that the stock is down today much more than its peers (and is down 25% or so for the past year). Comparatively, in a similar conference Friday, COS had 6 analysts in attendance, and this made for a very healthy question and answer period. Is it normal for a major company like CNQ to have only one analyst in attendance for such an event ? This doen't look well prepared, or am I too critical in this regard ?
Q: I am invested heavily in CNQ and COS, and might do some diversification progressively. As COS is a one-poney company and CNQ is about 70% in oil and 30% in gas. Would it make sense to sell COS first (notwithstanding its more substantial dividend and its just published rather decent quarterly report), as gas seems on the verge of making a come-back and CNQ has a pretty good track record for the past 20 years ?
Q: Today, the WTI price is 86$ per barrel or so. I believe you are confident the price of oil is more likely to be over 100$ in a not too distant future. If that is so, how can that be reconciled with the current glut of oil, and what scenario do you see ahead ? Also, WTI is a standard not always achieved with the current quality of Canadian crude. Canadian Western Select crude is sold at a much lower price, while light oil crude or synthetic crude are usually much closer to the WTI price. Which Canadian oil producers are likely to fare better in such environment ?