Investment Q&A

Q: Can you please advise as to which large cap oil sands company have hedged their oil price exposure and for how long and which would u recommend among that list. Thx

Q: I am interested in your view on the best strategy for selling stocks to raise cash in a non-registered account. I am looking to sell 1% of my total portfolio, and my thinking is to either A) take this out of one or both of two stocks that are the largest (each about 5%) weighting in my portfolio or B) sell my least favourite, lowest weighting, stocks (energy producers) with 3 stocks comprising 3% total weighting.

With option A) I could pare one of my largest holdings back to 4% or both of them back to 4.5%. One stock is ENB, in which I have a 30% gain and the other stock is AAPL, in which I have a 350% gain. ENB pays a 6% dividend, which I am reluctant to lose, and which benefits from the dividend tax credit. AAPL pays a 1% dividend, which is fully taxable and easier to give up, but I will have to pay a sizeable capital gains tax. I have no stocks with losses that I can sell to offset the gains. You have always advocated hanging onto winners, and both of these stocks are "winners" in a way, one for income and the other for growth.

With option B) I could sell half my energy producer holdings. I bought the energy stocks as a "lottery ticket," expecting at least a double if and when energy prices rebound. I hold CVE (up 25%), ERF (breakeven) and WCP (up 32%). They are roughly equal weight, so I could achieve my goal of selling 1% of my portfolio by selling just one of these three stocks.

Which stock(s) would you recommend I sell and why?

Q: Cve announced today that they are planning to reduce carbon emissions. Is QST the only company that can benefit from this trend or is there more names? Thanks

Q: In a recent answer to a question on an oil company, you mentioned that it is hard to be optimistic on a company if you don't like the management team. So my question is, which of the management teams in the oil sector would you want to align yourself with, and why? Alternatively, which of the management teams would you not align yourself with? Please deduct as many credits as necessary to fully answer my question. Thank You.

Q: I have positions in these companies way way under my cost. Looking for a strategy to capture some tax loss without giving up completely in allocation in case of oil turnaround. Consolidation in less number of stocks that represents the best potencial is an option or selling all of them and buying two or three different companies is another option. Appreciate any suggestion. Thanks for your help.

Q: I currently own CVE should I keep or sell it , also would like to buy NTR for my TFSA as a longer hold is it fairly conservative , thank you.

Q: I am considering adding a few long-term positions to my registered accounts and looking for ideas in oil & gas - income and growth. A few names are noted above, however, looking for your top 5 recommendations.

Q: I am trying to clean up my Energy sector. I have the following: CPG, CVE, ERF, HSE, IMO, SU, TRP, VET, MX Could you please place them in order, starting with first to sell.

Also, could you please let me know which companies I should buy with the proceeds. I have a very long timeline, and I feel that companies that are rather low right now may jump a fair bit when the price of oil rebounds.

If there are any other companies that you would suggest to buy, please include them as well.


Thank you once again,

Fed

Q: CVE and MEG are considerably under-performing the energy sector this week, I'm guessing partially due to investors are doing some profit-taking since the TMX just got announced as the market has been hoping for. I have some decent unrealized gain in CVE and MEG, and noticed WCP was down a lot this Monday on unusual high volume, do you think it's a good idea to swap my energy holding from either MEG or CVE into WCP?

Q: ARX or CVE; If you have to buy one, which one you buy today

Thanks

Kuldip

Q: Cenovus. What is your opinion. is it a value trap? is the company resilient enough to wait for a turnaround should i switched to a better prospect. in a registered account.. Thank you.

Q: After the announcement of Alberta production curbs I increased my holdings from 2.5% to 4,5% and because of its outperformance I am now over 5% and am going to reduce my holdings. I am thinking of going down to 4% as I see improving metrics with the company. It is my only oil and gas producer in a balanced portfolio which is less than 20% of total holdings but managed on a standalone basis. What are your thoughts on a 4% holding. Thanks

Q: Hi Peter,
How much exposure do each of these have to the lack of Alberta Pipelines issue ? What order would you initiate new postions in these ?
Thank you.

Q: Hi, the listed shares currently make up my portfolio in relatively equal portions. I was wondering--with the $6000 TFSA amount, do any of these names stick out to top up with the full $6k or partial amounts? Alternatively I have been following Savaria SIS and considering initiating a new position? Thanks so much for your guidance.

Q: Greetings,

Cenovus just reported. What are your thoughts?

Merry Christmas!

Q: I'm looking to reduce exposure to the energy sector and harvest some tax losses. My holdings cover a range of energy companies with different strengths and weaknesses (gassy, oily, big cap, small cap) so equivalence is difficult to calculate. From the list of CVE, HSE, PGF, SGY, TOU and WCP in what order would you reduce these holdings?

As always, thanks for the excellent service.

Q: Hi Guys,
I submitted this question last week so not sure if it didn't go through or just got lost in the shuffle. The question is as follows: I am concerned about the oil and gas industry going into a prolonged down pricing environment. Can you rank these companies in terms of balance sheet strength and their ability to withstand a prolonged downturn? Can you also speak on if any of these would be in significant financial trouble (e.g. - bankruptcy) over a prolonged downturn?
Thanks,
Dean

Q: Have to raise cash for YE withdrawal from my RIF. These are the smallest holding and are under water. Would you please rank them as to which you recommend to sell. Your input is appreciated. Thank you.
Werner

Q: Happy Thanksgiving to All! I am doing a little portfolio clean up. These are the names I am considering selling: Atco (ACO), Barrick (ABX), Census (CVE), Stantec (STN). Are any still worth holding? Why? Can you offer replacement ideas within the same sector? I am about a decade from retirement and prefer stocks with a (growing) dividend, and also have potential for price appreciation. I have a buy and hold investment style.

Q: So Druckenmiller and Soros are putting more bets on oil. I'm not an oil expert, but I do understand the operational leverage that can be created. I also understand there are specific Canadian specific variables to profitability with the pipelines and oil sands etc. If I were to bet with these two, could you give me a list of Canadian oil Companies to bet on? Could you also comment on any possible reason they see oil as attractive?

Much Thanks,

Wayne