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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: In a registered account, what do you think about a switch from CPG into WCP? I already have a little WCP in non-registered accounts, but very little oil/gas stocks overall (fortunately!)
Read Answer Asked by Douglas on September 28, 2015
Q: Not a Question Just a Thx.I am not normally a trader but on Aug. 25 I sent an email about SGY and it was trading at $2.00 then (the same as what it sold the asset to TORC for in April.%5 i helped me pull the trigger and I bought. I thought the risk reward looked good so I bought and have since sold at 2.75 plus 1 divy (still holding a 2% position).I think PC will manage the company thru this downturn so I am still holding a position.
Read Answer Asked by blake on September 25, 2015
Q: What 3 or 4 small to mid cap natural gas stocks would be at the top of your list?Thanks.
Read Answer Asked by Maurice on September 25, 2015
Q: I own shares in Strad Energy Services. As you know Total Energy was in the process of making a takeover bid for their shares at $2.90 per share with 35 day expiry date. Strad in turn adopted a poison pill making any bid open for 120 days. Total Energy then said that they will not pursue a takeover bid. Based on your experience do you think there is a high likelihood that another bid may be coming? Is a 35 day expiry date reasonable? Was 120 days excessive? What would you recommend doing at this time?
Read Answer Asked by Robert on September 25, 2015
Q: I currently own CNQ with an approx -30% unrealized loss. Was wondering about realizing that loss and simply keeping my energy exposure (only 1 name) by using sale proceeds to buy Suncor. Would you recommend this switch? The goal is to participate in energy sector (only 5% weight) with an added benefit of realizing a tax loss. But if best way to earn my money back in via another blue chipper energy name then that's ok to do as well.But if they are likely to move lock step then why not take the tax loss (rhetorical!!)?
Many thanks as always!
Read Answer Asked by Doug on September 24, 2015
Q: Good Evening
Back on July 10, 2015 you indicated that it is worthwhile to hold on Peyto.I noted that one PEYTO Director sold 744,719 shares from September 14th to September 21st, 2015 at between $30.08 and $28.96.
Peyto represents 1% of my portfolio and the oil/gas sector is around 5%.
Do you still recommend on holding to this stock, selling or averaging down?

I will appreciate your comments.
Thank you
Read Answer Asked by Terry on September 23, 2015
Q: Good Afternoon
I currently own RDS.A. Many brokers recommend holding the stock. On the other hand, quite a few brokers recommend purchasing OXY. I will appreciate your comments. Is it worthwhile selling RDS.A and buying OXY?
Thank you
Read Answer Asked by Terry on September 21, 2015
Q: Gentleman/Ladies

I see you last update on BIR was sometime in Feb. Has anything changed since then regarding BIR
Read Answer Asked by Burt on September 21, 2015
Q: When assessing the prospects of a junior oil and gas company, given the current commodity price levels, how do you determine if the debt level poses a low, medium or higher risk - what metrics do you use? For example how would you compare the debt levels of Raging River (RRX), Rock Energy (RE) and Surge (SGY) Energy and the health of their overall balance sheets? You’ve mentioned previously that RRX has a rock solid balance sheet.
Read Answer Asked by Marc on September 21, 2015
Q: Do you think that Strad can maintain their current dividend for the upcoming 12 months?
Read Answer Asked by Robert on September 17, 2015
Q: Please give me your opinion on the above co. Thanks
Read Answer Asked by jim on September 16, 2015
Q: is gxe worth holding, i'm buried on this one. looks like their debt is high with no money. i need a black or white answer.sell or hold. i paid 5.50 for this one. tkx pat
Read Answer Asked by patrick on September 16, 2015
Q: I would appreciate your comments on the following analysis that may explain recent weakness in the price of it shares.

The majority of investment analysts following Enbridge Inc. rate its stock a buy. But short sellers have a large position in the Calgary-based pipeline operator and natural-gas distributor. Why the divergence?

Enbridge has been on the Toronto Stock Exchange’s “Top 20 Largest Short Positions” table for more than a year. And during the two weeks ended Aug. 31, its short position recorded the largest increase of all the companies on the table, jumping 25 per cent.

Enbridge’s shares also trade on the New York Stock Exchange. There is a short position there, as well (that has increased). Adding the level for Aug. 31 to the Canadian position brings the total to 30.2 million, or 3.5 per cent of shares outstanding.

One of the few analysts to advise selling Enbridge shares is Darryl McCoubrey of Veritas Investment Research Corp. Why the sell advisory? “Specifically, the marked decline in crude oil prices … could undermine Enbridge’s growth profile and investment appeal,” he notes.

Enbridge’s revenue doesn’t depend directly on commodity prices but it does depend on volumes – similar to road toll booths. Mr. McCoubrey thinks the volumes could drop as oil producers shut down wells in response to low prices.
Read Answer Asked by John on September 16, 2015