Investment Q&A

Q: With the company size and global oil/gas outlook, would you expect ENB to recover what it has lost over the next 2-5yrs, or do you believe there is some risk they may never fully recover?

Q: What is the dividend for this company please.

Q: I wonder whether you could tell me what you mean when you use the phrase “do not need to be owned now.” I have both VET and WCP. WCP, at least was in the green for me until this sell off started, and higher fairly recently. Both were recently described as OK, albeit within a riskier sector.

I might not “need” to own them, but I do. Selling now would lock in a massive loss, percentage wise, and provide little capital to redeploy.

I’m not asking that you advise me to sell or hold, but in such circumstances, were it you, would you take the loss (non taxable account) and buy a tiny amount of shares in something more stable, or would you do nothing except turn off the TV, stop reading questions like this, and come back in a few months?

Q: Would you sell VET and WCP or hold? Would you recommend that energy stocks are not needed in a portfolio, even though we "should" have all sectors represented?
Thanks for your service

Q: Following up on my hedging question, any thoughts on which companies Nuttall is referring to in this excerpt from his newsletter? Thx


what were we doing yesterday? We sold our one US name and bought a low-cost oilsands producer whose stock was down by 50% (the Fund now has 100% Canadian content…Canadian producers at least benefit from a $0.73 loonie when they sell their oil in US dollars but have operating costs in $CDN). We added to another oilsand name that is 55% hedged this year at $59WTI (with swaps) as the stock collapsed by 56%. We also went through the structure of the hedge books of our positions and trimmed exposure to any name that may fall into trouble if the price rout lasts for longer than 6 months. Now is not the time to take on extreme risk. Our goal is to be in companies that can weather this storm as best as possible to allow us to be fully exposed to the sector for the inevitable turn. All it will take is one headline about a Saudi/Russia meeting and energy stocks could easily gap up by 20%+ in a day…if you’re not positioned for that event human psychology will prevent you from chasing the rally hoping for a pullback that may never come.

Q: With the current oil situation what is the future of these stocks and which ones would you sell now

Q: Hello,
Will ARX become another VET ?
Dividend now at 16.5 %.
Thank you

Q: This stock has really been knocked down. What is your opinion of this stock? About a month ago, RBC recommended it at around $35 U. S. It is now around $10 U. S.

Q: In your estimation, can these 2 companies survive until we see a recovery in the oil price/sector?

Q: Given what’s happened in the energy sector this week can you please give me your thoughts on Calfrac’s future solvency. Do they have the ability to survive another round of turmoil? Thanks.

Q: What is the debt for these companies? What are the investing risks with either of these companies?
Thank you

Q: Both of these stocks are getting hammered - yesterday and today. Is the market concerned about counterparty risk here? If so, which company is more exposed to customer default?

Q: Peter and team
I have held ZEO outside of my balanced portfolio for several years now. As of today it has lost half of what I paid.
Even though it is compromised of the bigger players I am still worried about the solvency of some of the companies. Are there any in this ETF that cause you concern and do you feel this is safe "hold" for the next few years while awaiting recovery.
Thanks
Phil

Q: Hi, I am down $18,433 on Baytex energy on 1000 sh bought over 16 years ago. (yeah I know stop loss) Yes, there is no need to sell it but I would appreciate A professional opinion on this sector.
Canada is in a very difficult place and we are being squeezed from many sides and in many ways. In this sector what do you recommend, to actually make money in the next 1- year. Thanks James PS I have been patient long enough.

Q: CNQ is now yielding 10%. Based on your analysis and current oil prices can they keep paying it?

Q: Are you aware of any research that provides detailed analysis regarding oil patch exposure of the big 5 banks?

Q: Hi can you please explain what the prospectus filing on March 6/2020 for OVV means, they will be selling common shares and securities? Reading some of the Sedar's filings but not totally clear to me, does this mean they are delisting the stock or just selling their portion of shareholder equity (shares and debt)?

I own these shares in a TFSA and Canadian non-registered account, would there be tax implications?

Thanks

Q: What do you think of adding 1/3% to ENB in this environment? ENB is currently 3.3% of my portfolio with an average cost of $45.75. Their record of dividend increases is impressive.

Also, is ENB adding many / any Wind or Solar assets to their mix? They hint at this in some communications.

Q: Could you name 3 Canadian energy companies that are low cost, debt-free producers that might be worth watching for an entry point?
Thanks; and thank you for your report and communications today!

Q: Hello, how high is the risk of VET going bankrupt? Is VET could become a takeover target? Is another dividend cut possible? If it goes bankrupt, do we automatically loose all the money we still have in the company's stocks? Thanks, Gervais