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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: I had asked a question about the 'equalization dividend' for the Enerplus deal. I subsequently spoke with ERF investor services and was informed that the Mar 19 dividend from Chord is not included in the calculation, so the equalization will only be based on the June 5th dividend. The equalization amount will about .233USD and will only be paid to shareholders of record on the date that the deal closes, likely May 31.
Read Answer Asked by Mark on May 16, 2024
Q: The ERF news release on Feb 21 included this note "It is anticipated that the quarterly dividend payments made by Enerplus until closing of the transaction will be equalized to those made by Chord, after giving effect to the exchange ratio, through an additional Enerplus dividend declared shortly prior to the closing." Chord's dividend payment on Mar 19th was $3.25US and the next payment on June 5th will be $2.94US. Using the share exchange ratio in the deal of .10125, should I be expecting a special dividend from ERF of about $0.50US ? ((3.25+2.94)*.10125-.065-.065)
Read Answer Asked by Mark on May 15, 2024
Q: Can you recommend a couple of your favourite profitable Canadian energy stocks which have roughly 50/50 income from oil and gas and have a good dividend ? Or you would rather recommend a companies which are profitable in oil only and gas only and combine such in a portfolio?
Thank you for your input.
Miroslaw
Read Answer Asked by Miroslaw on May 14, 2024
Q: I hold the above in a taxable account focused on dividend income. I also hold FTS separately. Increasingly I believe that there will be increased demand for renewable power to drive AI, electric charging cars etc... Do you have any recommendations that are dividend payers that would play into this theme of increased power demand?
Would you add to or remove any of the above based upon company fundamentals?

Thanks
Read Answer Asked by Robert on May 10, 2024
Q: SUncor has suggested that once they reach 12B in debt that they will return 75% of free cash flow to shareholders. As a shareholder I like that. My question is why wouldnt paying down debt be a better marker for shareholders? While I recognize that the Company can write off interest expense against their income, it seems incongruous.
Read Answer Asked by Kelly on May 10, 2024
Q: How do view Saturn Oil and Gas right now with the stock trading near a 52 week low and the company announcing an accretive asset acquisition in Sask?

(I'm thinking they bought up the CPG divested assets that were also just announced?)

A $100MLN bought deal was announced in the same release but I didn't catch the price/share??

Thnx
Dave
Read Answer Asked by David on May 09, 2024
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