Q: Peter; First a Merry Christmas and the best in 2016- can you get oil up to $60.00 ! But I want to thank you for your comments in the spring of 2014 re TBE. I sold mine at $1.85 and sort of forgot about it until today when I saw the report on them trying to sell the company- and the price of just .12 cents. Really a lesson in taking a loss quickly and not averaging down. Hope the Fotums work out. Rod
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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: With all that has happened in the global oil patch, has your opinion of TVE changed or is it still a buy or hold? Ted
Q: Hello Peter and 5I team,
What is your current view for BTE. I am down about 70% and would consider adding more. Is this a good entry point?
Or, is there an alternate small or mid-cap name that has also come down in valuation in this sector that you would consider a suitable alternative to BTE?
I look forward to reading your thoughts.
What is your current view for BTE. I am down about 70% and would consider adding more. Is this a good entry point?
Or, is there an alternate small or mid-cap name that has also come down in valuation in this sector that you would consider a suitable alternative to BTE?
I look forward to reading your thoughts.
Q: Hi team:
What do you make of the RRX Viking acquisition and its $190 million budget for 2016? What's this company's prospect going forward? I already have a small position in this name, should I consider increasing my holding?
This is one O&G company that seems to be going against the grain in 2015 as its share price actually increased about 10% this year. Perhaps it is one of the few keepers in a much depressed sector.
Your overall comment on RRX would be much appreciated.
What do you make of the RRX Viking acquisition and its $190 million budget for 2016? What's this company's prospect going forward? I already have a small position in this name, should I consider increasing my holding?
This is one O&G company that seems to be going against the grain in 2015 as its share price actually increased about 10% this year. Perhaps it is one of the few keepers in a much depressed sector.
Your overall comment on RRX would be much appreciated.
Q: Is there any reason to continue to hold Twin Butte Energy ? Would it be better to take a tax loss an move on. my energy exposure including TBE is 5.7%. TBE is .4% of my total portfolio. $1.07 is my cost base. Thanks for your thoughts.
Q: I have five energy positions, excluding pipelines, that make up 4% in an overall diversified portfolio. Looking at a 3 year chart for CVE, IMO, CNQ, SU….CNQ is down 40% in the last year and half, while CNQ is down 80%. When there is a recovery, it seems from the chart that there might be more upside with CNQ over CVE. Would it be reasonable for me to sell the CVE position for one of the other three, like CNQ? Or from the fundamentals, should I just hold CVE?.....thanks
Q: Have position in both want to consolidate ---which would you keep ---long haul
Thanks ----- Don
Thanks ----- Don
Q: Do you believe sustained low energy prices could significantly impact business of renewable energy cos., specifically BEP, RNW, AQN, NPI, BIP.UN per the IEA comments below. How could this play out and which companies would be most vulnerable? Thanks.
The IEA fears that low prices for all fossil fuels, including coal and natural gas, will sideline the renewable energy push in some countries. In the developing world, coal is becoming irresistibly cheap, encouraging the construction of coal-fired generating plants that spew out horrendous amounts of pollutants and greenhouse gases.
“We see the cost of renewables going down, but in a low-oil-price environment, we may well see that some governments may weaken their support for renewable energies or efficiency improvements,” Mr. Birol said. “We have been telling governments that it would be a historical mistake to lessen the support on renewables and efficiency as the price of fossil fuels becomes cheap. Let me be clear: Lower oil prices are a risk for the transformation of energy.”
The IEA fears that low prices for all fossil fuels, including coal and natural gas, will sideline the renewable energy push in some countries. In the developing world, coal is becoming irresistibly cheap, encouraging the construction of coal-fired generating plants that spew out horrendous amounts of pollutants and greenhouse gases.
“We see the cost of renewables going down, but in a low-oil-price environment, we may well see that some governments may weaken their support for renewable energies or efficiency improvements,” Mr. Birol said. “We have been telling governments that it would be a historical mistake to lessen the support on renewables and efficiency as the price of fossil fuels becomes cheap. Let me be clear: Lower oil prices are a risk for the transformation of energy.”
Q: I originally purchased Enbridge early this year at $65. I purchased more at $49. Today it is $43 . I am contemplating averaging down again and buying more. Do you think that is a good idea or do you think Enbridge is still likely to go lower still?? (I thought $49 was a low). Thanks for your opinion.
Q: Hi team:
SGY just released its 2016 capital budget and guidance after closing today. Do you think their presented scenarios are realistic and attainable?
I'm down close to 50% on this name and I wonder if I should rough it out for another year, or just give up and do a tax loss selling before YE. I would have done that already if not for I'm already sitting on a big capital loss position for 2015. No need benefit to add more tax losses at this stage.
Your insight is much appreciated.
SGY just released its 2016 capital budget and guidance after closing today. Do you think their presented scenarios are realistic and attainable?
I'm down close to 50% on this name and I wonder if I should rough it out for another year, or just give up and do a tax loss selling before YE. I would have done that already if not for I'm already sitting on a big capital loss position for 2015. No need benefit to add more tax losses at this stage.
Your insight is much appreciated.
Q: Hello Peter and Team,
My direct Energy exposure is down to 2.5%. The only 2 that I have now are TOU and RMP. What are their survivability? Do you recommend I replace them for anything else? And what other company would you recommend for the other another 2.5% of my portfolio or would you recommend topping up my existing 2? Thank you,
Wes.
My direct Energy exposure is down to 2.5%. The only 2 that I have now are TOU and RMP. What are their survivability? Do you recommend I replace them for anything else? And what other company would you recommend for the other another 2.5% of my portfolio or would you recommend topping up my existing 2? Thank you,
Wes.
Q: Comparing CU, EMA and FTS three Canadian Electric Utilities over a 1 year period shows CU is down almost 25%, FTS down 6% and EMA up 6.5% (not counting dividends but EMA leads here as well). Can you explain why CU is under performing by such a wide margin. They do have 2 coal fired generating stations in Alberta. Which of there three would you buy here for a long term hold and why?
Appreciate your insight as usual.
Steve
Appreciate your insight as usual.
Steve
Q: I am doing some bottom feeding for income - but am wary of being burned!
so, could you shed some light on the relationship between Enbridge ENB and Enbridge Energy Partners EEQ. I know you are positive on ENB. Would that therefore apply to EEQ as well - or are they different entities?
EEQ of course has been pummelled like most other energy names, and now shows a yield of 11%. So is EEQ buyable here or too good to be true?
Thanks for your help.
so, could you shed some light on the relationship between Enbridge ENB and Enbridge Energy Partners EEQ. I know you are positive on ENB. Would that therefore apply to EEQ as well - or are they different entities?
EEQ of course has been pummelled like most other energy names, and now shows a yield of 11%. So is EEQ buyable here or too good to be true?
Thanks for your help.
Q: Hi Peter Ryan and Team;
Do you have an idea of a few companies that would have the greatest chance of surviving these low oil prices, and until a recovery.
Do you have an idea of a few companies that would have the greatest chance of surviving these low oil prices, and until a recovery.
Q: Hi, I would appreciate your latest opinion on PPY. Thank you for the great service. Tim
Q: Striker Exploration's November 2015 presentation on their website indicates debt at 1.2, $38 Million in unused credit, 33% insider ownership and "no chance of insolvency".
It is always difficult to ask about a company's survivability considering livelihoods are involved and lives are affected. Given that, how would you rate Surge Energy, Spartan Energy and Striker surviving through this pricing war based on the assumption that it will take twenty-four to thirty months before prices regain their footing to at least the $60-$65 level?
Thank you.
It is always difficult to ask about a company's survivability considering livelihoods are involved and lives are affected. Given that, how would you rate Surge Energy, Spartan Energy and Striker surviving through this pricing war based on the assumption that it will take twenty-four to thirty months before prices regain their footing to at least the $60-$65 level?
Thank you.
Q: I have almost bought Vermillion several times, but each time I find that the Corrib gas development is "almost ready" to begin production. That's been going on for years and was the situation when BNN interviewed the CEO this past September. Has it finally started to produce, or are they still "almost there", waiting for those last two environmental approvals?
Thanks Roland
Thanks Roland
Q: Enbridge took a nasty hit today,down 7%. Any reason for the fall outside general meltdown on price of oil? Good opportunity to pick up some share on the cheap here?
Q: Do you feel the dividend is sustainable for this company at $35 oil? Thanks.
Q: Hi Peter, in O/G we have only Tou. While the small/mid caps may rebound higher on a percentage basis when things turn, it's certain the large caps will be around a long time to come and likely benefit if they buy up smaller/depressed Co's at lower costs. Of the larger caps who do think will fare the best 2-3 years out ? In the shorter term which of the larger caps do you feel has the best current business (inc refining etc) ? Thank you.