Investment Q&A

Q: I'm considering a contrarian play on an o&g service company. I understand it may take a number of years but at these prices the right company could be a multi bagger when the sector turns from these very low share prices. A strong balance sheet is key to be able to last however long it takes. I see MCR, TCW, and ESN fitting the bill here, but which one would you invest in? MCR has actually done quite well in the downturn and is up considerably. TCW and ESN are more similarly aligned and have both been beaten up. I'd imagine TCW and ESN would have much more torque than MCR in a recovery, so more value there. Clarke has been a big buyer of TCW at these levels, but MCR has large insider ownership. Which one do you feel is the best choice and why?

Q: I was listening to some comments on VET on BNN Fri. What was mentioned was instability in the European gas market. I believe something about Russia messing around with the market and therefore putting on question on Vet's gas business in Europe. Do you have any insight into this?

TIA

Q: The 7% CVD is being called early. It is in my RRIF and converts to 121 shares per thousand.

Do you suggest converting into the common shares which are now selling at $12.53 or would you sell the CVD for $151?

In other words, do you like TVK as a RRIF holding or do you think I could do better.
And if so what would you suggest with the proceeds?

Sheldon

Q: COULD I HAVE YOUR OPINION

Q: How material is the discovery announced after hours?

Q: I rode this stock down a long ways and understand now I was also significantly overweight in it. In order to B/E it would have to recover another $10 or so. The dividend is hardly worth the paperwork now. Any suggestions as to how to address this? I have held it as an income earner and wonder if I shouldn’t sell and move into some of the smaller oil/gas players to improve returns and prospects. Thanks.

Q: If THERE IS potential takeout in Gold And Energy stocks beside Meg energy
which one seems attractive in your opinion?(Of course assumption is mine)

Q: Hello: Do you think that if Alberta gets to build some pipelines, IPL shares will increase in value

Q: Energy stocks are breaking out,I remember you mentioned many times MEG was takeover target yet missed it,Is it a good buy now?which energy stocks if any you would recommend now.

Q: Hi, any particular reason for the near 5% increase in TA the morning. Thanks.

Q: Thought I sent this yesterday. I am wondering what is affecting the AQN share price?

Q: Hi,

Can you provide a short list of Canadian energy names that have strong balance sheets that would do best in an energy recovery? Looking for only mid cap and large cap names.

Thanks,
Jason

Q: VET claims it's dividend (and capital expenditure) is covered at $55/barrel i.e. it's cash flow positive @ $55. Do you agree with them?

Q: Hi team,

What are your 2 to 3 favourite pipeline companies in Canada right now? Is the sector fairly priced? How are valuations impact by rising interest rates?

Thank you,
Jason

Q: Do you consider any of these dividends to be unsustainable? Any other comments on these companies?

Q: I have no oil stocks so I would like to buy an ETF. Can you give me some choices for 3% of my rrsp portfolio that pays a decent yield of 3% or more.

Q: Good day everyone your thoughts on EQM

Q: In reviewing Meg press release on their 2020 Capital investment plan if ones assumes a $60 WTI, 94,000 bbl/day (the low end of guidance), a Operating plus G&A cost of $6.75 (the high end of guidance) less $250 Million of capital expenditures leaves free cash flow of approximately $1.57 Billion of which they plan to apply to debt reduction. Debt was at $3.257 Billion at Sep 30, 2019. Is this too good to be true? Am I missing something? Thanks

Q: Your thoughts on today's conference call re future growth plans.
Thanks,
GC

Q: Your thoughts on ARX. I have had it a while as it dropped and am now looking at an exit point. It is up recently, but I would have thought there was a lot of tax loss selling pressure.