Investment Q&A

Q: Hi peter &team. Update please, And do you think questions should be limited as I get bored with long comments from investors? Thanx and keep up the great efforts, Regards Cliff

Q: Which of the below co's would you recommend as a buy at present and which one would you reckon would come out in good shape from the current sector downturn (with a good potential for a significant growth down the line)?
WCP.TO, TOG.TO, SPE.TO

Q: Although Peyto seems to be the safest gas play, does Bonavista present a compelling long term investment at the present price coupled with about a 6.6% adjusted dividend and would you pick this one over Pine Cliff or Cequence?
Thanks.
Steven

Q: I realize badger has been hit by the oil exposure but it's at a 52 week low now. Do you think it's worth holding for the long term.

Q: I'm looking to assemble a portfolio of quality O&G companies that will do very well once the market turns, I only have room for 3 positions from an existing list of 7. Could you help me narrow it down? feel free to add additional options if you see an opportunity.
SU,WCP,TOU,CNQ,RRX,APA,SGY
Thanks.

Q: Your views on this company, please. Traded in New York. Thanks

Q: Could you please update your thoughts on TAO, will they still be cash flow positive at these low oil prices. Also your thoughts on management, from what I see they don't seem to have much skin in the game. also your thoughts on the share buy back s they have been doing.
thanks

Q: What do you think of Canacol. They seemed to have had great news back in September of last year and the news in December / January made the stock take-off from its lows. I think they have a bit of debt. Is it solid moving forward outside of the price of oil?

Q: Hello 5i
I currently own Talisman and would like your opinion as I am thinking of selling Talisman at around 9.00 today and buying Whitecap WCP at just under 10.00 or hold off and wait for a higher offer for Talisman.
Thanks

Q: is ESI still underacheving?

Q: I would like your opinion on Tesoro specifically, though more generally on the sector. My overall thesis is that these fuel refiners and marketers are being unfairly lumped into the oil sector in general and that overall there is little reason to think that they should suffer from lower oil prices. Do you agree or am I missing something? Thanks very much.

Q: Your take on this company in the present oil environment.

As always
Thank you

Q: I recently asked about rmp and you seemed to like it as well as mentioning rock and raging river. I would like to know how you rate dtx in this mix. Thx for your time

Q: Greetings
Petrofrontier has recently abandoned it's exploration for oil on it's land claims in Australia. The company has $10 million in cash, no debt and 80 million shares outstanding. So it has cash on hand of 12.5c per share and the stock trades near 4c per share. Considering the current low price of oil and that potential farm in partners are reducing spending in general how likely is it this company might just shut down and return that cash to shareholders? Or does that put the current management team out of a job and I am merely dreaming out loud here?
Thanks
Tim

Q: Could you advise what relationship there is between Brookfield and this company? I heard today on BNN that Brookfield is covering the high dividend yield of this company by purchasing stock in the company. If this is true, does this mean that the dividend is safe at these levels?

Q: FRU cut its dividend after market closed today. Do you feel that the market already anticipated the cut or do you think the stock will go down further tomorrow?

Thanks in advance.

Wayne

Q: I get the impression that, even while the price of oil-versus-natural-gas producers have declined in parallel because of overproduction, their underlying market dynamics are distinct and de-coupled. Oil prices have collapsed because (a) oil is something you can (mostly) move around, so prices are set globally; and (b) some OPEC producers realized that, by selling even more oil, they might take market share from higher-cost North American producers.

Gas prices, on the other hand, have collapsed because (a) gas is harder to move around, so prices are set more locally; and (b) too much gas is being produced specifically for the North America market. This matters (or should) because, for example, even were Saudi Arabia finally to cut back on oil production, this should not, in theory, provide any boost for natural gas producers.

But, in any case, the price of natural gas itself isn't that different, now, than in 2011 or 2012 - so what is the economic rationality for penalizing domestic natural gas producers for market dynamics that should be limited to oil? More specifically, why should the market capitalizations of ARC, Tourmaline, Pine Cliff, and so on, track the price of oil when they (mostly) don't compete in that market?

Q: I know 5i is keeping faith with Mart, but with oil priced so cheaply AND turmoil in Nigeria, what's really so compelling about it as compared to, say, beaten-down domestic producers - even, say, PWT - which have the potential to recover with the price of oil? Put another way, what about Mart makes it so ten-bagger-ish - net cost, recycle ratio, proximity to Europe, etc.?

Q: How can we find the production cost of the company? Who are the best low cost producers? Thx

Q: I am in a quandary, Peter. Of my own making. I am due to make a RRIF payment later this month.I am fully invested so something needs either to be sold or transferred in kind. My winners are mostly 5i stocks that I bought for the long term and would like to keep. My losers are O&G (surprise) and it's here I thought I would make my selection. The two worst are Black Diamond and Twin Butte. Each would need to double or triple from here for me just to break even. (Please don't ask how I managed to get into the abyss as my response would not be suitable for "family viewing." LOL )So, what's the best course of action? Dump one or both and move on or transfer to the cash account and wait for the dawn of a better day?
Thank you and kind regards,
Geoff