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Investment Q&A

Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.

Q: In my self directed margin account I have two calls:
1)50 calls of CPG C 21 JAN22, $3.00 that I paid .61c.
2)75 calls of CPG C 21 JAN 22, $4.00 that I paid .81c.
These calls don't expire till January and I have lots of room in my account to either cover them with margin, or sell another stock to cover, or sell the Calls outright. Of the choices listed, or something I am missing, is there any strategy to maximize my capital gains and/or minimize my taxes owing?
Thank you, Gord

Read Answer Asked by gord on July 12, 2021

Q: I live and Calgary and have spoken to quite a few people in the industry and they are saying similar information.
Essentially that declines in wells are going to out stripe the demand in the next year creating more demand then supply. Many companies around here have been underinvesting in new production due to the market conditions.
I am quite cautious on oil and gas companies as they haven't performed well over the last 7 years.
Are these people overly optimistic or is there a potential trade and opportunity to go up to 10% weighting in Oil and Gas?
If so, do you think CPG, WCP, and MEG would be good exposure?


Read Answer Asked by Colin on June 15, 2021

Q: Assuming $80.00 +- oil which of the above might do best. please add any stock you think would fit the theme.

Read Answer Asked by JOSEPH on February 25, 2021

Q: Hi Peter/Ryan, I've held CPG since 2012 where I bought it at 40 (don't know why I held on this long) and am now almost at my adjusted cost of 5.98. If I hit this target would you suggest selling and put the money elsewhere or holding on a bit longer, I don't think its going to get to 8 or 10 bucks (or am I wrong) because of the SU deal. I would hate to ride it back down if oil sells off. Thanks, as always you guys are a great help.

Read Answer Asked by Nick on February 25, 2021

Q: I continue to hold CPG long hoping for further recovery. Given the oil price seems to be holding a bit higher I am anticipating a continued ramping up of free cash flow and rising SP. Overall this has been a dog in my portfolio. Based on valuation metrics and the +$45 price of oil is a $10 target (mine) reasonable in the next year or two? Or would there have to be a significantly higher oil price to get that SP level? If the question is too specific general commentary is fine. Thank-you for your service. 2020 was my best year for investing, ever.

Read Answer Asked by Calvin on January 04, 2021

Q: I own these three energy stocks. They are now in the positive, WCP up 74%, CPG 12% and TVE 7%. I think I'll keep WCP a little longer based on your answer to an earlier question, but with respect to the other two, should I just be happy I'm green again and cut and run? Or, do you see them rising with the sector in the coming period of positivity? Thanks!

Read Answer Asked by Kim on November 25, 2020

Q: I am using CPG as a proxy for VET.
Based on the recent Q&A, I assume you prefer VET over CPG going forward once the artificial loss window expires?
Reinstating the dividend should give it quite the pop. I'm guessing that it would be a priority for them, but not likely to happen anytime soon

Read Answer Asked by Mike on July 07, 2020

Q: I am a "buy and hold" long term investor. I have held these stocks for over five years on the assumption that at least one of the pipelines would be built and the stocks would regain at least some of their losses. Of course that hasn't happened. With the Covid-19 situation I am concerned about a serious downturn in the economy during the next 18 months. As these stocks are already extrememly low, I am wondering if they will survive, let alone improve, during the next year or so. Based on income, debt levels, and future prospects, please rank each company according the possibility of failure.

Read Answer Asked by Joyce on May 13, 2020

Q: Hello 5i, I have a 5% position in each of above companies and I am down over 40%. I am prepared to be patient for another 8-12 months, but with WCS selling per barrel at less than the price of a beer, will these companies survive? what is their debt to equity ratio? Is it time to bail out now? depending on your assessment which one would you consider safe to keep?
Thanks and be well!

Read Answer Asked by Carlo on April 13, 2020