Investment Q&A

Q: Could you provide percentage makeup of TOG,Vet,Arc of oil to gas or a place to access those and others

Q: I've been sitting on Pan Orient for a few years now. I've suffered the oil blues during the sector meltdown but this one has done well this year at least. They've had a couple of recent oil discoveries on their Thailand concessions and are starting a new drilling effort for gas in Indonesia. I'm thinking they will soon be increasing their profit notably. Would you hold out for higher gains or dump and move on?

Q: I'm in the process of putting together a list of mid range oil and gas producers that might benefit from a change in government policy following the upcoming election. Any thoughts on my thesis, and what mid range producers might you recommend?

Q: Amidst all the doom and gloom in the energy sector POE has been a shining exception. However, it is largely ignored by analysts and investors. Could I have your opionion on POE as a potential investment?

Thank you.

Q: What is the expected outlook for Vet on Oct. 31 when their 3rd quarter results are released?Thanks
Dave

Q: Hi, would like your opinion on psi going forward.
Is it a service company only for oil and gas,or is it also diversified to other sectors? How about debt and management?
Would this be a good tax loss candidate as I’am down 35%, then buy back, or would you stay out of the sector. I also have Vermillion ,WCP, SPB at 5-6% of portfolio
Thanks

Q: Welcome your current thoughts on Painted Pony. Any evidence to suggest taking a 3 to 5 year investment perspective on this (largely justified) beaten up company? Thank you.

Q: I currently hold PEGI, TRP, ENB, PPL and CU. (approximately 20% of my RRIF portfolio)
However I am thinking of adding WCP, TOU and/or TOG.
Could you please rate these in order of preference. Or am I too heavy in resources.

Q: I'm thinking of switching tourmaline for vet. do you think that would be a positive switch for the long term. do you think the dividend for vet will be somewhat stable for the foreseeable future.

Q: Any thoughts on why this one is dropping so much lately?

Q: I am considering buying long calls - Jan 2022 on VET or ARX because there seems to be a lot of consensus that oil prices will eventually go up. I frequently sell covered calls but almost never buy calls. However, buying around current prices is very inexpensive and 2022 is a long runway, I would wait until I see tax selling volumes, probably in Nov., before buying. I would appreciate your thoughts or suggestions for any other candidates . Thanks

Q: I'm compiling a list of a few medium sized oil and gas producers that might benefit from policy changes if the conservatives end up in government after next Tuesday. Any recommendations?

Q: Could you compare WCP and Surge Energy and preference

Q: I am way under water on this one by about 80% in my RRIF. I am thinking to average down at the current price. Is it a wise move? What are the outlook on Peyto going forward? Thanks!

Alec

Q: I respect the opinions of Both Eric Nuttal and Joseph Schachter. Eric expresses some optimism that pipeline construction will occur. A Liberal minority is a real possibility. The Greens have said pipeline construction is a no go and Quebec (ie. the Bloc) is antipipeline, as I believe is the NDP. How can any minority government, even one which bought a pipeline ( and who has at best been a soft supporter) get a pipeline built. The positive is that, as you mentioned in a previous answer, some of these stocks are trading at 3-4 times cash flow so their stocks are extremely cheap. With all of that, would it be prudent to wait until late in the year before committing to buying oil stocks and see how things shake out politically? Thanks Bill

Q: I’ve owned WCP for about 4 years now and am down about 65%. It has become such a small position that I am inclined to either cut it loose or top it back up to a full position. My total energy holdings stand at about 5% so there is room to add a bit. What would you suggest?

Q: Hi Guys
What would be your first choice for a purchase in the oil & Gas sector, during tax loss selling season
thanks Gord

Q: I saw this news release and would be grateful for an interpretation.
http://investors.algonquinpower.com/File/Index?KeyFile=400290864

If shares are only offered to the public, I suppose that includes institutional investors? Also, I'd be interested to know how the market works in this situation. ie, if supply of shares exceeds demand, will the price keep dropping until they're all sold? It is about 4.6% of their market cap.
I would like to purchase shares and would appreciate guidance on when you would suggest this could be done.
Many thanks.
ps. I very much appreciated your frank article 2 days ago on the financialpost.com

Q: Is Teine Energy financially sound, and has it been a consistently solid, private energy producer over the years? Does 5i consider them to be a good, and sustainable, partner for Freehold Royalty? Thank you for your comments.

Q: I've been looking over FRU since I saw your most recent answer to a Q about it. Seems remarkable the it is now trading at a price last seen in 2000! It is trading below it's 2008 low. My question is: Considering that oil is a declining asset has this company managed to increase its land holdings in oil over the last 20 years or is it on a slow decline? Also, how did it perform in the 2008 Great Recession?