Investment Q&A

Q: Seasons greetings everyone
I have a weighting of about 5% in Bellatix and remain optomistic partially because of the involvement of Orange Capital. BXE has allowed Orange a seat on their board and the release states that BXE and Orange have reaced a "standstill" agreement to Nov 30th 2015. What is meant by a standstill agreement, and can you comment on how such an agreement might affect the stock going forward?
Thanks again for your excellent sevice.
GUY R

Q: Good Morning Peter and team: I would like your opinion on Flowserve in the US. The valuation appears attractive after the "oil sympathy" sell-off, and I'm wondering what you see in this stock. I do not currently own it.

Q: Hi Peter, I currently have 6% of my portfolio in Oil; split evenly between HSE and SGY. I am looking to take oil exposure to 10%. I am considering 1 or 2 of PXT, WCP or XEG. Please provide a recommendation on which stock(s)and timing of the purchase.
Thanks for all your advice.

Q: Have these three in portfolio and want to sell two by Dec23 for tax loss. Would prefer to leverage up on the remaining name to mitigate the realized loss. Any suggestions for a confused investor with a long term investment horizon. Thanks Doug

Q: 7:55 PM 12/16/2014
Hello Peter

Despite your somewhat lukewarm advice [you were quite right to be cautious] about Canadian Oil Sands [COS] I purchased 1% position some time ago. I am now down 62%. After the dividend cut I would think it is now somewhat safe however I would appreciate your advice on whether to just hold for many years or whether I should switch to a pipeline or a utility that might have more growth potential and more liklihood of dividend growth too.

I would like to get a dividend in the 4 to 5% range as I imagine that would be safer and maybe allow more growth.

I was wondering about switching to one of : PKI, GEI, ALA, IPL, PPL, AQN, INE, EMA. Can you tell me which 2 or 3 are most likely to have reasonable growth and a solid growing dividend that would be better than COS, and could you rank them in order of preference.

We now have a 4% position inclusive in these three : BNE, SGY, BTE. Is COS "Dead Money" for the next few years or will it spring to life if the oil price rises? Would you advise a switch or would you just stick with COS?

Thank You... Paul K.

Q: Hi, here is a question about Talisman. News it is taken over at $8 a share all cash. However, it is trading at $8.79 this morning. Is this only because of high likelihood of another higher or multiple bid? My view is to wait and see here. Would you? Thanks for everything and happy holidays!

Q: Hello Peter and team:

I own: CPG, TOU, POU, PEY, PD, WCP, SPE, CEU and a few others. They are all down, some as much as 50%. Is it time to buy some higher quality ones to average down? If so, how would you rank them? Or should I wait to see if they go down more during the tax loss selling season? Or sell some of them?

SS

Q: Hi Peter
Had full positions in BDI and SGY, plus half positions in BXE, E, and HWO. I like them all but would like to take advantage of the tax loss. Considering selling 2 or 3 and adding to the other 2 or 3. Could you give me your opinion?
Thanks for the education you and your site provides.

Q: With the price of so many energy stocks beaten down, does it make sense to swap a stock like PGF for something like Surge SGY in the hope that SGY will recover a lot faster than PGF when and if some stability returns to the oil market? If it does make sense, is there one time that would likely be better than another to make the transaction? ie. before tax-loss selling season ends or after? Thanks.

Q: What is your opinion of Delphi Energy Corp.? It is down quite a lot.
Would you recommend it as a buy at present?

Q: hi folks

why do you believe erf is taking such an outsized hit?

good balance sheet, mgmt ok, good hedges......

is it mostly due to tax loss selling begetting more tax loss selling? or possibly U.S. ownership causing increased liquidation?

and thus, would this be the proverbial screaming buy (with a 2 - 3 year timeframe?

thanks

Q: How do you see PTA holding up? Can it survive a prolonged depression in the price of oil?

Q: What do you think about the divided cut and overall out look

Tom

Q: Peter,
you know it is not the first time that the predators on the US market are breaking down an asset class and then restructuring, consolidating and grabbing the weakest for almost nothing. It is actually a recurrent theme in the history of the US markets since what 130 years from the railroads to the S&L to the internet stocks, to the pharmaceuticals to the Real estate, to the Banks and now to the oil. Restructuring is the next game in town and will soon hear loud sounds of M&A in the fracking players...
So In a sense that it is not the cheapest oil stock to buy or the most resistant to a lower oil to buy, may be it is the 10 most prone to be bought that are the most interesting and leave it to the oil manipulators to bring the oil down to $40 if they want, as we will never know if the natural oil price is $80 or $40.
So my question is what are the most prone to be swallowed. How about 5 Canadians and 5 Americans candidates.
Publish only if my question has some merit otherwise keep it private.
Thank you very much.

Q: What is your opinion on NVA : TSX

Q: Tourmaline has provided a revised capital program. It shows production guidance unchanged, cash flow expected to be reduced 9% ( allowing for reduced commodity pricing),and cp. budget down 12%. In Nov. you expected per share cash flow to grow 25% in 2015. These numbers seemed surprisingly positive,in the circumstances.
Would you consider Tou for addition to a TFSA with no current energy exposure and a strong bias toward growth.
Thanks
Mike

Q: Good Morning 5i Team

Please accept my apologies if this question has been previously asked and answered.

I follow a large number of companies watching news, price, volume and tracking dividend performance.

I have noticed in the past few days a number of companies showing an increased yield on their dividend... i.e. CPG going from 6.97% on Friday to 12.68% today.

Please excuse my own ignorance as I know many other members are probably aware why this is but, could you explain this to me please?

thanks for all you do

Gord

Q: As is Michael in a previous question, I am also taking a hit on this stock. The principal reason for purchasing the stock was considerable insider buying. Do you have any comments why they are doing so. Thanks, Bill

Q: Is it a good idea to buy TLM as a takeover play.

Q: What is your opinion of Crew energy.? It has been a big volatile trader this week. It is always on the most active list. Is this one you would foresee popping in price in the new year? How much insider ownership on crew? And are they mostly gas no oil? Thanks for the hand holding.