Q: Good morning 5i,
Just a comment / follow-up to Irshad's question re the price of oil and CDN producers today ... I think it's prudent, for those that may be unaware, to point out that while WTI may be priced in the $60's, this is not the price that many CDN producers receive for their oil. We are exporting (95% to USA, who don't need it, but will buy it way cheaper) a bitumen blend called Western Canadian Select, and it's price is way lower, almost as low as his "$29 comment" ... the "differential spread" has never been greater.
Regards, Rod C.
Q: Looks like institutions are pulling funds out of the energy sector. Is this mainly due to the federal budget or are the millenials the new porfolio managers and do not care about investing in the energy sector.
Oil is still at $62 yet these company stock's are acting like oil is at $29
What is your opinion going forward?
Q: This company has a strong technical chart, pays dividend, is slowly diversifying business out of energy sector into modular housing construction, investors
support is seen in present market downturn. Would you agree with me that your decision to discontinue coverage was premature or is a company is removed automatically when rating is cut to C or lower.
Best Regards,
Harold
Q: Hi, I have recently purchased shares at around $14.50. However, the stock has been dropping consistently. Natural gas has been pretty low. What do you think the outlook for Encana and natural gas is? The ticker symbol is ECA.TO. It is a pretty high beta stock so it moves around quite a bit. Let me know thanks!
Q: Can you provide your assessment of Trican’s quarterly earnings report. It is nice to see debt reduced. Will that be enough to bring back some confidence in the Company and it’s stock?
Thanks for another year of market out performance.
I am thinking of cleaning up both RRX and HWO (which are in an non-registered account) and taking the capital losses, and consolidating the money in WCP. Can you give me the pros and cons of this switch?
Q: I have to sell some oil and gas companies to generate losses to offset some gains.I will be selling ARX,BNE,CPG,SPE,SU and WCP.
I wish to stay in the sector,so please recommend several companies to replace the above companies for the 30 day period (or perhaps an ETF).
Which of the companies being sold would you recommend buying back after the 30 days?
Q: I bought Black Diamond Group LTD a few years ago, hoping it would gain with a recovery in oil. I'm currently down 36%. I am getting paid to wait as there is a 9.71% yield. But, is it worth the wait? Should I sell and move on? Or do you think it's a name that's worth holding?
Q: I just read a contrarian report on Seeking Alpha regarding these two companies. Can you comment on the debt levels of each and their respective survivability in a prolonged long low price nat gas environment. In an RRSP, could they be considered decent ‘flyers’ for a small (1%) stake?
Q: Is this a good Div ETF US oil/gas energy distribution to remain in? I am down a bit on currency slide in MAV so wish to remain hoping for a lower CAD or simply to remain bec of 8.19% Div, would appreciate your comment