Investment Q&A

Q: Your thoughts on the deal and is it worth holding on.

Q: Hey Peter & Team,

Have approx 25% cash on the side and am waiting for something of value to appear.

I have been watching Whitecap closely and noticed today @$14.04 it is trading below it's 200 day moving average ($14.08) and considerably below it's 50 day moving average ($14.47)

At the same time on a technical basis it has been showing higher lows and higher highs since it's low point Jan 12.

Please provide advice regarding whether now would be a good time or not necessarily a good to take a 5% position and why you think as such?

The balance of my portfolio contains 7% in O&G. (TOU & BTE) and I recently put new U$ money into BP (20% of my US portfolio) @ $39.64.

As always, thanks for all you do

Gord

Q: I currently have 26 holdings in my portfolio.I am down on BTE, CVE and CPG. My only other energy stock is WCP ( a hold ?) . I am getting impatient with the energy recovery. Do you think I should hold these and wait it out or should I dump them? If I had to dump just one or two which would you recommend I sell?
Thanks in advance. John

Q: Tog has gone down a lot what is your view with this company now , I got out At $10.43 but thinking about buying back in ,what would be a good re-entry $ .
Dose it still have a Div.
Jim.

Q: Could (or will) Kicking Horse's production in the Alberta Montenay be potentially tied into the Pacific Coast LNG projects? The co. also has an interest in an East Coast (New Brunswick) LNG project. What are your thoughts about the merits of this project? Would you place any economic value in KCK's holding in this project?

Thanks, as usual, for your efforts on my behalf. Your insights are invaluable.

Q: What are your current thoughts on Enerflex, relative to other companies of this size. Do you view it more or less favourably than comments of the past few years. I own a small position, should I buy, sell, hold.
Thanks, Mike

Q: Hi Peter,

I need your advice on the oil and gas stocks in my portfolio. Presently I own Chevron (CVX.US) and Crescent Point (CPG) (4% and 3% of my total portfolio, respectively). I need to sell my Chevron position to pay for upcoming USD expenditures. I was thinking about replacing Chevron with a Canadian company or companies in the energy sector but am struggling with a replacement. What do you suggest? Also, should I increase my exposure to the energy sector at this time? For your information, I have a well-diversified portfolio of 20 individual stocks with about 70% in ‘blue-chip’ companies. Thanks for your help, I have really appreciated your past suggestions.

Q: Hi 5i,

Thank you for you answer today on Royal Dutch Shell RDS.B. I have a follow up question please.

I own Chevron (CVX) (which you also mentioned in your earlier answer), Husky (HSE), Peyto (PEY), and while not directly comparable, Methanex (MX). I am contemplating one more energy stock which is why I asked about RDS.B.

If you could buy only one more energy stock for some growth but also a high sustainable and hopefully growing dividend, which would it be?

My research indicates RDS.B looks attractive, but so does Whitecap Resources (WCP) and possibly Vermillion (VET). The latter two are obviously Canadian which means I can buy them in $CDN of course, which may be doubly beneficial when oil prices recover and move the Canadian dollar.

Thank you again.

Michael

Q: Hi guys. I would like your present opinion on E. I am very deeply under water on this one (78%) They now want to restructure 4 for 1. Should I throw in the towel or just stick it out.
They also want to reprice the insider options from about 70c to 30c. This would seem liken rewarding poor performance to me.
Your comment would be greatly appreciated.
Thanks, Michael

Q: Hi, could you recommend one or two stocks(or funds) in the energy sector that are not linked to oil and gas?

Thanks
Paul

Q: I own the CNE debenture and got this notice alert:

Canacol Energy Ltd. Sends Maturity Notice to Debenture Holders

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.

CALGARY, ALBERTA (May 19, 2015) – Canacol Energy Ltd. ("Canacol" or the "Corporation") (TSX:CNE; OTCQX:CNNEF; BVC:CNEC) announced today that it has sent the maturity notice required under the indenture governing the 8.00% convertible unsecured subordinated debentures of the Corporation (the "Debentures") due June 30, 2015 (the "Maturity Date"), advising registered Debenture holders that the Corporation has elected to satisfy its obligation to repay the principal amount outstanding, together with all accrued and unpaid interest thereon, by issuing and delivering to the holders that number of common shares of the Corporation ("Common Shares") equal to the number obtained by dividing such principal amount of the Debentures and the accrued and unpaid interest thereon by 95% of the VWAP of the Common Shares for the 20 consecutive trading days on the Toronto Stock Exchange ending on the fifth trading day immediately preceding the Maturity Date. There is currently Debentures outstanding in the aggregate principal amount of CDN $25,519,000, together with accrued and unpaid interest thereon in the amount of CDN $1,020,760.

My options (as I see them) are to sell on the open market at $98 approx, or take possession of CNE as outlined in their alert.

What do you suggest here and why? Do you like the common enough to reccomend I convert and hold?

Q: I'm thinking of taking a position on tranverse, what are your thoughts on this company.

Thanks,
Richard

Q: There continues to be lots of insider buying especially from the ceo How important does 5i consider this to be and does 5i know how many shares insiders currently own. I have had some luck with surge. I bought a half position 2.5% (before you sold it) that has now grown to 4%. Would you trim it back to a half position. I also own a 3% position in BDI and 3% in RBN.UN ( fairly oil and gas heavy closed end mutual fund) in the oil sector. I was thinking of WCP if I trim SGY.

Thanks Blake

Q: Hi Team,

I know this is out of your core focus area, but I was hoping you could tell me if you think RDS.B's dividend looks safe going forward and if this might be a good entry point for this stock for a long-term position. Many thanks for any suggestions you have.

Michael

Q: I currently own SU as well TRP and ENB. I have held ENB for many years and the capital gain on this stock is quite high. I am slowly selling some shares each years to bring the weight down but I wonder if I really need to hold SU since I do own TRP as well. Which stock would you keep SU or TRP or should I sell both SU and TRP? I am slowly trying to make my portfolio more diversified.

Thanks

Q: I have lost money on this stock and still own it. Is this a buy, sell, or hold? Is the dividend safe?
Thank you!

Q: I know that SCL is not in your coverage list but I would appreciate your perspective and insight regardless. The quarterly release a couple of days ago did not seem that bad given that drilling is down 50% so there are delays in capital spending all over the place in North America (I know that they are not tied greatly to drilling activity but it is a good proxy for the near term sector activity). I also understand that the NDP win means head winds for anyone involved in pipelines but that was last week's news. Earnings seemed ok but the stock is down over 10% in two days so I am not sure if I am missing something. I cannot see short interest so I don't know if it is long term investors exiting or the shorts smelling an opportunity that has caused the price drop. Their business model seems solid ND with some diversification. They issue stock rarely but the last time was last year in the mid to high $50's, well above today's levels. I would appreciate your thoughts. Thanks for the great service!

Q: Please comment on Strad generally and on Destefano Mark's increased holdings. Thanks

Q: Hello 5i Team, can you please comment on the recent 1st qtr results of LGX. Given they have not met their financial obligations and the management team's performance is questionable at best over on the Legacy side. I incurred a rather large loss on the stock and was planning to roll the dice on it. Am I better off to take what money I can get out of it and play a micro cap that has better upside potential over a 5-10 year period?

Q: Could you please rank these oil and gas cos. and what percentage of a portfolio would you hold in oil and gas. thanks Clare