Q: As with other energy companies, Encana has seen some challenges. But it has not faired as well as others of that size. What is your opinion on its future?
Alan
Alan
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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: Hello 5I,
This a follow-up to a question you answered on the book value of Surge Energy; but applies across all Canadian E&P Companies. You noted Surge's book value is dependent on the price of oil and quoted a value of $68 US.
The problem I am having with your statement and all the other literature I read which quotes share price based on WTI is; What are the surrounding parameters that are needed to support the individual companies value. For example what is the exchange rate of the Canadian $ for the $68 WTI? At the current exchange rate this would suggest that Surge needs well over $80 Cdn to have a book value you suggested. Another question is at what oil futures price? If the current Contango widens so that a one year futures contract is $68 WTI; can I then apply that forward price to Surge, or which ever other company I am following?
Any clarification you can offer would be greatly appreciated.
Cheers,
Bob Ahearn
This a follow-up to a question you answered on the book value of Surge Energy; but applies across all Canadian E&P Companies. You noted Surge's book value is dependent on the price of oil and quoted a value of $68 US.
The problem I am having with your statement and all the other literature I read which quotes share price based on WTI is; What are the surrounding parameters that are needed to support the individual companies value. For example what is the exchange rate of the Canadian $ for the $68 WTI? At the current exchange rate this would suggest that Surge needs well over $80 Cdn to have a book value you suggested. Another question is at what oil futures price? If the current Contango widens so that a one year futures contract is $68 WTI; can I then apply that forward price to Surge, or which ever other company I am following?
Any clarification you can offer would be greatly appreciated.
Cheers,
Bob Ahearn
Q: As & when the bottom, bottoms - I want to use my leverage to gain on what I believe will be a very substantial oil bounce!!
Would you rank your pic. of the 4 best as detailed above bearing in mind the substantial price difference in current share values. Thanls
Would you rank your pic. of the 4 best as detailed above bearing in mind the substantial price difference in current share values. Thanls
Q: peter can you give me your comment on the result of DTX
Q: Please give me your comments on WRG. I own. Would you recommend selling, adding, or holding.
Q: Hi everyone HARVEST ENERGY GROUP has energy income fund I would appreciate your opinion would want it for long term income and some capital gain it looks good is there something I am missing symbol HEN.UN THANKS FOR YOUR WONDERFUL SERVICE Barry
Q: Can you comment on their results
Q: What do you think of the recent new issue?
Q: When weighting stocks in a sector, are companies like KEY, IPL, GEI,and PSI grouped with pure energy plays like CNQ, CPG,WCP etc., or are they regarded as infrastructure / utility stocks?
Thanks, Joe
Thanks, Joe
Q: I like many was "overexposed" to energy and also made the mistake of trying to catch too many falling knives on way down. I am determined not to spend more new $ on energy and when or if it rises dump some so I do not end up like that again.
I am resigned to the fact that some of my losers may never recover to my ACB but also feel some of them(I dont know which ones) will have more potential for a bounce. Looking at my weightings within the sector, I feel I have more BTE than I would want later and not enough PEY.
I know you are a fan of PEY...do you feel a switch of some of my BTE for PEY makes sense? ie not losing out on any potential spike in BTE from current levels?
I am resigned to the fact that some of my losers may never recover to my ACB but also feel some of them(I dont know which ones) will have more potential for a bounce. Looking at my weightings within the sector, I feel I have more BTE than I would want later and not enough PEY.
I know you are a fan of PEY...do you feel a switch of some of my BTE for PEY makes sense? ie not losing out on any potential spike in BTE from current levels?
Q: please update your opinion on svy
Q: Hey Peter & Team, your favorite article reader here again...
A Seeking Alpha article written by an author admittedly long on BP argues, BP is a better play than XOM during and or until the recovery for 3 reasons;
1. 6% yield vs XOM 3.24
2. an asymmetric situation in that BP has literally seen zero gains since the spill. On Apr 16, 2010 it was at $59.88, spill Apr 20 and the low hit $27.02 June 25. Since then the high has been $53.15 July last summer and as of today, is at $39.50. From what I can tell, BP hasn't seen any real appreciation in share price since the spill
3. Both dividends appear to be safe with BP quite a bit cheaper @ 13x vs XOM @ 16X.
With this in mind would you agree a switch out of XOM into BP at this time is a good idea, bad idea or neutral
Should I have any concerns regarding future settlements yet decided
Anything else I should be aware of that might dissuade this change
Thanks for all you do
Gord
A Seeking Alpha article written by an author admittedly long on BP argues, BP is a better play than XOM during and or until the recovery for 3 reasons;
1. 6% yield vs XOM 3.24
2. an asymmetric situation in that BP has literally seen zero gains since the spill. On Apr 16, 2010 it was at $59.88, spill Apr 20 and the low hit $27.02 June 25. Since then the high has been $53.15 July last summer and as of today, is at $39.50. From what I can tell, BP hasn't seen any real appreciation in share price since the spill
3. Both dividends appear to be safe with BP quite a bit cheaper @ 13x vs XOM @ 16X.
With this in mind would you agree a switch out of XOM into BP at this time is a good idea, bad idea or neutral
Should I have any concerns regarding future settlements yet decided
Anything else I should be aware of that might dissuade this change
Thanks for all you do
Gord
Q: Is Badger Daylighting a good buy at this price range, and if so
why?
why?
Q: I have two stocks- in my portfolio that are to my mind dogs. Bombardier and Canadian Oilsands- like most investors I am slow to get out of the losers- but there does come a time. Neither position is that large- not after the recent debacles, now I'm thinking I should put these two behind me and move on. Your thoughts.
Q: Would appreciate your individual analysis of SGY's 4th quarter & year end statements. They were in line with RBC but I much more value your opinion (no politics)!! Thanks
Q: Is it safe or wise to own Baytex? Should I buy more or sell at this time?
Q: what do you think of this company with the continued decline in oil and gas? thanks
Q: Would appreciate your comments on 2014 results and 2015 outlook based on today's release. Looks compelling but oil price is still a major factor. Thanks
Q: Hi guys, I have both ipl and su but don't have any enb. Your thoughts on selling both and buying enbridge.
Thanks
Jim
Thanks
Jim
Q: I have no energy exposure at all at present and have 41% of my portfolio in cash. I have begun to compile a list of energy stocks to purchase on an expected major pullback in the next few weeks as oil storage capacity fills. ARC Resources, Baytex Energy, Crescent Point, Enerplus, Vermillion, and Whitecap are my preferred choices at this point as I am retired and their dividends are distributed on a monthly basis. They are also all mid-to-large-cap companies and, therefore "safer" in my view. Are there any in this group that you would avoid? Are their dividends safe? Are there any additions I should consider? My criteria is mid-to-large energy companies, with "outperform" Royal Bank ratings, paying decent monthly dividends, and well-down from their projected targets (which all of the above meet). Many thanks, as always.