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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: With oil Storage at a premium , and contango in the futures market
is relatively strong. the value of these oil tanker companies is fairly cheap and they have been able to increase their oil storage price.
This seems to me setting up for some very profitable earnings .
If you agree which companies would you prefer in this situation ?
Thanks
Cal
Read Answer Asked by cal on April 15, 2020
Q: Compelling argument in the financial post recently on oils rebound - ‘how the corona virus is setting the stage for the next oil boom’. Do you buy into this thesis? If so what companies would you look at with most upside and safety (Eg will be around to see it through)

Read Answer Asked by Gregory on April 15, 2020
Q: I talked to a RBC adviser and he told me that I can exchange new BIPC shares into BIP.UN but don't have any information on exchanging of BIP.UN units into BIPC shares. Do you have any information whether BIP.UN units can be exchanged into BIPC shares?
Read Answer Asked by Dev on April 15, 2020
Q: Hi,
I read the Globe & Mail interview with Al Monaco this weekend and he makes no secret of the fact that Enbridge is on the hunt for an acquisition, or maybe more than one. The Spectra deal shows that he's not afraid to go big. With that in mind, could you identify some companies that might make suitable targets for Enbridge and, specifically, would Keyera belong on the list?
Thanks,
Peter
Read Answer Asked by Peter on April 14, 2020
Q: I have stubbornly held on to this small cap oil company for years through thick and thin. It is currently heavily in the thin stage. They recently struck out on the Indonesia gas play and seem to have finally bailed on that country. On the other hand they have been upping their reserves of crude in Thailand and are sitting on a relatively large chunk of cash (it is currently trading at basically its cash balance value).
Their production costs are low and their customers in Asia pay prices on the higher end of the scale, especially since their crude quality is very sweet.
I expect some sort of return on capital (sale of remaining 50% stake in Thailand/large dividend from Thai joint venture etc.) in the foreseeable future.
Should I average cost down or finally sell and move on?
Read Answer Asked by DAVE on April 14, 2020
Q: Hello 5i,

It is looking like things are firming up on the supply side for oil. What companies in Canada and the US will best participate in the limited recovery? I have a full (under water) position in SU btw.

Thanks for the service.
Read Answer Asked by Gregory on April 14, 2020
Q: I have been a holder of KEY for some time now. I have stayed with it as it went from a darling to a dog. It's current ratio and debt to equity ratio are not good and the price of nat gas is very low. Today they announced the temporary closing of 4 plants to consolidate operations. I think they are a good management team but am beginning to wonder why I'm being so faithful. Can I get your perspective. Hold or sell?
Carl
Read Answer Asked by Carl on April 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!
Carlo
Read Answer Asked by Carlo on April 13, 2020
Q: hi
I own the above oil stocks. WCP is small and in TFSA, so I will keep it.
I have oversized position in Parex, but Vet and Fru are small. Looking to sell at least one, today, would you sell Vet or FRU or both ? I am comfortable with my position in Parex but wondering if better opportunities are available in other sectors. Which are your favorites sectors when coming out of this?
Read Answer Asked by Francois on April 13, 2020
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