Investment Q&A

Q: I am thinking of buying these companies in my tfsa account in equal weights. Do you have any concern with any of these companies and would you be able to rank them in order of possible upside? Thank you

Q: Peter and Co,
The UK has introduced a ‘windfall tax’ of 25% on energy company’s profits. The bite of this tax can be substantially reduced on profits that are reinvested in more fossil fuel extraction. While this reduced tax rate might result in greater investment in oil/gas extraction and, therefore, production and profits it would appear that in subsequent years companies using reinvestment to reduce current taxes will have to make greater and greater reinvestments to keep ahead of the 25% tax. I understand that the existing UK tax on fossil fuels is 40%.
My portfolios are very overweight in energy stocks and particularly Vermilion. I understand that VET’s Corrib gas field is located within the boundaries of Ireland and the company pays only the Irish tax of 25% and has never paid taxes to the UK.
Would you please confirm or correct my statements about the UK taxes on fossil fuels. and the advantage that VET enjoys being an Irish producer?
With appreciation,
Ed

Q: I have a small percentage in each of these companies, I would like to add to some or all can you tell me in order of preference you would suggest I add them.
Thanks, Dorothy

Q: Great 5i team, There are times like this; I will need to put my cash holding to work. I kept trimming energy names in our family portfolio to under 10% and staying on the sidelines for the last few months. Your thoughts are very much appreciated with these 2 questions: which one that you would pick 3 out of these 7 energy names and which sector that you will allocate the funds? I am light in industrial and health care. Thanks for your input.

Q: Can I get your top picks for Small and Mid sized Canadian Growth Oil stocks for the next 12 months?

Q: If I can only own one of those three for 1 to 3 years, which one would give me the best combined return (yield + growth)? Thanks.

Q: Thoughts on the acquisition?

Q: Good morning,

I added these at the very low point of energy. 5% equal weight of my portfolio, now it becomes 20% ish. I am looking to cutting down by half. Should I keep the pipelines ENB & PPL & VET and cut the rest or just reduce across equal weight. Your thought is very much appreciated.

Thanks again!

Q: Years ago I bought CJ at $4.20 and recently sold it when it reached that price again. Obviously, a mistake as it is now $7.72. I own WCP and VET which are now back to my original purchase price.
What do I do ? The oil and gas sector is cyclical and I wish to exit this sector as am retired and rely on a safer higher dividend portfolio but do not want to repeat selling these too early. Do I follow analysis target price and /or other metrics, or do I just bail out , happy to get my money back? Thanks .
Derek

Q: Hello 5iii
Looking for some perspective about exiting the above listed energy laggards and reallocating the funds to a consumer defensive position.

Q: Your thoughts on the quarter? What is the forward P/E?

Q: I hold ERF, NVA, ARX, TVE, GXE, and VET in the "play money" part of my portfolio and I'm certainly benefiting from and enjoying the large increases but I know all good things must end and sometimes quite abruptly.

Are there a couple of key indicators I should be particularly watching for that it's time to get out of all of these quickly before I give up all my easy gains?

Thank you,

John

Q: As I write this Feb 23/22 Russia has begun to bomb Kyiv in Ukraine. All market commentators are saying that oil will go up with this invasion as a catalyst. Do you agree? please name a ticker or two or three. I have noticed Devon DVN and GUSH the three times leverage.
I am down about 20% in my Tesla shares in a margin account. I will probably be margin called in the next few days.
I could trim my position taking a 20-25%.
Should I put something into Oil as this Russian conflict persists?

Q: Hello 5I team: At one point I was down 87% on vet.Some how I had the conviction to hold. Now today when it broke 23$ I was finally ahead . Do you foresee enough upside potential for me to continue to hold and make back some of my grief or could you see a switch with more less risky upside.Lots of noise about 100$ oil. Appreciate very much your input and tks.Larry

Q: From current levels, which do you feel has the better upside in this rally?

Q: I sold VET last month as a tax loss harvest and bought NNRG as a replacement. I'm thinking of now switching back to VET. It seems to have done better than NNRG over the last month. Would you endorse this switch back? This is for medium risk profile and an already existing portfolio of oil & gas stocks.

Q: Hi, could you give me your take on VET with the higher oil prices and no dividend?The share price has done well lately. If oil prices remain in the 70-80 range would you keep, or could you recommend a better choice. Will they possibly reinstate a dividend that I miss?
Thanks

Q: 5i: Just realised the yield of over 5%. Wow! What is your take? Sustainable? Considering swapping to Su from Vet which I am still down today at about 22%. Make any sense? Tks. Larry

Q: Hi 5i: Even with a nice recovery I am still down 28% with vet.Would you advise to hold or do you think I could diversify to other sectors with more upside to recoup the loss.If I include enb I am overweight in energy. I need 22.60 to break even with vet. Tks. And all the best for all for 22. Larry

Q: VET is my worst performing oil stock, and I’m thinking of selling as a tax loss harvest. Which stock would you buy as it’s replacement? I’m thinking of perhaps NNRG? Do you agree with this strategy? Do you have another “better” replacement?
Thanks