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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'm looking to reduce exposure to the energy sector and harvest some tax losses. My holdings cover a range of energy companies with different strengths and weaknesses (gassy, oily, big cap, small cap) so equivalence is difficult to calculate. From the list of CVE, HSE, PGF, SGY, TOU and WCP in what order would you reduce these holdings?

As always, thanks for the excellent service.
Read Answer Asked by Stefan on December 03, 2018
Q: Can you tell me what prices (Cdn$/mcf) Bellatrix received for their natural gas in the previous 4 quarters? Can you also tell me what their avarage production cost was (Cdn$/mcf) as well?

The reason I ask this is because as of November 26, 2018 Bellatrix has locked in fixed prices in December 2018 (approximately 30% of natural gas volumes based on current annual 2018 production guidance at a Canadian equivalent price of approximately $4.33/Mcf) and the first quarter of 2019 (approximately 20% of natural gas volumes at a Canadian equivalent price of approximately $4.20/Mcf). Unless I'm missing something these prices seem to me like they are substantial higher than the norm of the past few years?

Thank you, Shane
Read Answer Asked by SHANE on December 03, 2018
Q: Provided we don't have a recession for awhile, plus the likes of BNN guests such as Eric Nutall & Josef Schachter think we are in the beginnings of a new Bull Market for oil & gas, Trican Well Services at a $1.20+/- per share seems rediculously cheap. Along with a few other stocks I think it could be a multi-bagger in the next 2-3 year time frame.
Or do you think I'm wrong and TCW is a value trap?

Thanks, Shane
Read Answer Asked by SHANE on December 03, 2018
Q: Hello 5i,
I am thinking of starting a long term position in oil that is not small or mid cap. I was looking at Suncor since they seem to have a closed system in place from oil in the ground to the gas station (Petro-Canada). What is their payout ratio?

Are there other canadian oil majors that are comparable to suncor that are as stable?

Andrew
Read Answer Asked by Andrew on December 03, 2018
Q: I own some APU shares in a RIF and although it's probably not the best type of investment (Limited Partnership) for a RIF because of the witholding tax in the US, I always thought that the higher dividend compensated for that.

The shares bounced around my purchase price for a long time, showing small gains or losses, but it's now down 21% and I'm not sure whether it's worth keeping.

Would you recommend holding or selling and if you recommend selling, would you give me a few recommendations in the US that pay a dividend that look more promising. I have ENB in the US and plenty of REITS.
Read Answer Asked by John on November 30, 2018
Q: Hi, I’m a little low on oil and reits and was thinking of vermillion or summit to add at this time. Vermillion because of a possible rebound and dividend, or Summit as it is in a nice uptread but may be soon done? I have been caught a few times buying high and watching it go south.
Would you have a clear idea which way to go or a better alternative? I don’t want to buy both because of limited funds
Thanks
Read Answer Asked by Brad on November 28, 2018
Q: I understand that Parex is in the middle of a strategic review, I just don't understand (a) why a sale of the company makes sense, and (b) why the stock price continues to fade. Doesn't Parex have one of the better business cases out there? Cash, Brent pricing, new wells - what's not to like?

Some months ago, on BNN, Dennis de Silva suggested that their assets are entering a declining phase - which would certainly make a prospective buyer think twice. But aren't most (all?) O&G companies constrained by the wasting-assets problem? Yet we continue to invest in them.
Read Answer Asked by John on November 27, 2018
Q: Hi Guys,

I sold WCP for the tax loss in October. Since then it has declined from $8 to $5. Any suggestions as to when to buy back, or would you suggest any other replacement, say VET?

Still hanging on to Teck at a big decline. Was concerned that they would bring on a partner for their copper mine in Peru. Any point in waiting longer or will a deal not be of any impact?

Thanks,

KC
Read Answer Asked by Kelly on November 27, 2018
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