Q: With the price of oil up, can you suggest one pure oil stock and one energy service play. I realize with oil up in price, many of our energy stocks are still not increasing in value to the discount in price we face. Looking for total growth in both names.
I am contemplating buying into Black Diamond (BDI). Since June it has been trundling upward making higher lows on what seems to be a nice recovery. It seemed to have two points of resistance, one at about 2.50 and one at 2.82 according to my charting program and has burst through each moving to 3.02 on higher volume. So if it's clear that I like the technical side of the chart I'm wondering if you can tell me if you feel that fundamentals support a buy? I'm hoping recent momentum and the volume surge suggest a nice continued bounce toward 52 week high.
Q: My question is about Purpose energy credit opportunities income fund PCF.UN, is it converting to a ETF. If it is when? Would this be a suitable buy now before the conversion in a TFSA for a 79 year older would you wait to buy at all.Your opinion of this as a fund and as a ETF would be appreciated. This would be in a managed account with a fee of 1% plus the fund fee.
M
Q: I currently hold a decent position in CJ as part of my Canadian energy exposure.
Last week they announced the CFO is retiring, and for a few days following the announcement I noticed there's been considerable internal selling. This has me a little bit worried.
Curious about falcon oil, It did well a short while ago, but has been trailing down. Do you see any upside. I have a small position which I acquired many years ago. Wondering if I should stay or cut my losses. Thanks
Q: An interesting observation and query. In response to an earlier question you said that you preferred VET to WCP. And now you have said that you would prefer an investment in RRX over WCP. It begs the question why WCP is in your portfolio and not one of the other energy companies?
Q: Crescent Point has bounced nicely from its lows, far more than other cdn oil names, any thoughts about reviewing your negative disposition toward the company?
Q: I'm looking for a breakdown of Enbridge's revenue/operations. Oil transportation and midstream services vs natural gas distribution (utility), vs renewable (wind/solar etc.). Could you give me an idea of the breakdown or point me in the right direction?
Thanks
Q: I currently bought Enbridge and would like to buy either WCP or RRX ,should I buy both or just one? My Enbridge is 4% weight in my account so if I buy both at a 2.5 % weight then I will be up to 9% and would this be too much for this sector?
Thanks
Can you comment on Peyto's dividend cut and reduced capex? How does Peyto's cashflow look this year and next in light of these cuts? Will production be hindered?
Q: I own the RRX and WCP in the oil space. With the discount in Canadian oil prices due to transportation limitations, I wonder if US oil stocks offer more upside. Do you agree and do you have any suggestions for US oil investments?
Q: Just reading about possible takeover of Enbridge while reading (Seeking Alfia) by the Oracle of Omaha, is there any truth in this or just another U.S. rumour? Would this be a bad oman for Canadian investors? Thank You Herbert
Q: Could I have your comments on Peyto's press release that they're cutting the dividend, issuing share buy backs and decreasing Capex? How do you think that the stock will respond? Is this a signal that gas producers in Alberta are in for a tough run with storage and distribution issues?