Investment Q&A

Q: Hi, Energy sector has witnessed a sharp sell off last week, with market and decline in Oil prices. Recession worries seem to be growing higher and with ECB sticking to 0.50% rate hike, market seems to be expecting Fed to stay course with its hawkish stance, despite recent turbulence in banking sector. Some large Energy traders are reported to have lightened their positions significantly, early in the week. We as well as most of 5i members are simple retail buy and hold investors and do not have access to advanced tools/money flow and other expertise.

With the recent market backdrop in the sector, and Oil/NG prices flirting with new lows, has your view, in terms of maintaining about 10% weighing in the sector, changed ? Or, do you believe that market concerns are of short term in nature and there is value and a strong case to remain invested in the sector for say, at least 12-24 months ?

Mr. John O'Connell of Davis Rea was on BNN, warning viewers to stay away from the Energy sector, claiming that cost of production of most companies is higher than current prices. (which appears to be a questionable claim). On the other end, there is Mr Eric Nuttal, an expert in the sector with $2 Bln AUM, with completely opposite views.

Thank You

Q: does TOU have any long term contracts in place to provide natural gas to any to the LNG plants approved or under construction in Canada? if yes can give details on these contracts thanks Richard

Q: Greetings, 5i Team.
Two questions:
- At what price would you see TOU as a 'strong buy'?
- May I have a couple of phosphate company names that you see as credible investments?
With appreciation,
Ed

Q: At what price would you see TOU as a very strong 'buy'?
With aooreciation,
Ed

Q: what companies are involved in natural gas ?

Q: David Rosenberg recently wrote that one can buy bonds issued by Nat gas companies with spreads of 425 basis points over treasuries. Can you give me some examples of such bonds and Where I can find more information?

Q: Hi, Could you please comment on the quarterly/annual results released today., which appears to be strong. Company also seems to be committing to regular and special dividends through 2024, and returning 50-90% of FCF to shareholders !! Sweat !!! There has been so much pessimism about TOU and NG producers, recently. Do you expect the stock to recover and see better price action, over next 12-18 months ? Thanks

Q: Best way(s) to play a solid rebound in nat gas over the next 6-18 months, with moderate risk. Including stocks, ETFs, options. Thanks.

Q: Eric Nuttall was very bullish, almost feverish, on oil (represented by the companies above) while being down on natural gas. To what extent do you agree?

Q: Good afternoon,
If I wanted to lock in a loss on Tourmaline in a non-registered account, and buy it back after the 30-day period, which is my better proxy to hold for those 30days, ARX or POU? or a better suggestion is always appreciated as well.
Thanks very much...

Q: I have some Tou at a much lower price and was considering selling half and waiting a few weeks in hopes that gas price rises and repurchasing at a lower price. Thoughts?

Q: Gas is out of favour right now, and I need to raise some funds. Earlier today I sold ARX, at roughly a 20% loss. After I did that, I thought I should ask for your insight into selling TOU. My first question is when are they due to report their quarterly report. Secondly, I understand they have contracts to sell gas on the Gulf Coast. Will this insulate them enough. Do you feel the present price is taking this into consideration or is it over sold?

Q: Are TOU's special dividends sustainable given the drop in natural gas prices, or are their sales locked in at certain prices? Can you estimate what they may be with current gas prices? Somebody was saying they sell a lot to California, which has much higher NG prices. Thanks for your help

Q: Hi, Could you please share your updated outlook for Tourmaline for 2023 and medium term. Stock price has been lagging the Energy sector, possibly due to steep drop in natural gas prices, for past several weeks. Do you see tide turning any time soon ? Thank You

Q: I am thinking of topping up GSY, PBH, and TOU. Do you see any issues? If I was only going to top up 2 which would you recommend? Thanks. Dan

Q: Peter; BIR can’t seem to get any traction vs other NG companies. The dividend is minuscule - should one assume it won’t be upped anytime soon- seems like dead money . Is there a reason to sell it and look elsewhere- TOU or ? Your thoughts please. Thanks
Rod

Q: I see in one of your latest answers your liking su over cnq wondering what criteria it is that leads you in that direction? Also i hold cnq and wcp and looking to add to my oil and gas holdings. Would you add to my current holdings, or add a third or fourth position say in tou and or su? Thx

Q: I’m trying to understand the parameters of the special dividend being paid by Tourmaline.
The announcement reads: The special dividend is part of Tourmaline’s comprehensive shareholder return plan and will be paid on February 1, 2023 to shareholders of record on January 24, 2023.
Does this mean that you could buy shares on Monday January 16th, sell them on January 25th, and capture the special dividend with the only risk being a drop in the share price over that period?
Somehow this doesn’t seem reasonable to me.

Q: Hi Peter, Ryan, and Team,

For this year's TFSA, and being underrepresented in energy, please rank CNQ, SU, and TOU. Any other suggestions would be welcome.

Thanks in advance.

Q: What do you think of tou. is it a buy now or wait a while. Do you think the future looks good.