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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: Agent. Would this be a good share to have in my portfolio.Eddie.
Read Answer Asked by Eddie on April 15, 2015
Q: You would consider TCW to be a good buy now (to hold for 3 to 5 years)?
If not, what other stock would you recommend (regardless of the sector). Looking for growth with some dividend while I wait.
Thanks
Read Answer Asked by Jose on April 15, 2015
Q: Your current opinion on nuvista(nva) would be appreciated.Thanks.
Read Answer Asked by Maurice on April 15, 2015
Q: Hi Mr. Hodson and Team
A. I have another question related to my previous question:
I also hold the following Dividend-paying Storage and Pipeline stocks:
KEY 1.5%. ENB 1.4%. IPL 1.1%. TRP 0.5%. Total of 4.5%.

Do these belong in the Energy exposure as well? If so, do these then make our Canadian Resource exposure a total of almost 25%? (With Cpg, Arax, Bte, Eca, Vet, Bnp, Su + Cnq)

B. Which of these should i keep? Which should we eliminate or trim?
Should we bring the total Can. Resource exposure (Energy+Materials+Gold) down to 12%, as we think?
Feeling a little like deer in the headlights. Your kindness is so appreciated. sarah
Read Answer Asked by sarah on April 15, 2015
Q: I have both Baytex and Surge and am down on both. I don't mind waiting for a recovery over 1 to 2 years but would I be better off to sell one or the other in order to buy Whitecap? Appreciate your advice.
Gary
Read Answer Asked by Gary on April 14, 2015
Q: Imperial oil seems to be on a rise lately, what do you think is the reason? Would these gains be short term or is the strength justified? Also would now be a good time to sell some of the shares, how much higher would be a good exit price? I have held these shares for a long time and would like to reduce my position but keep waiting for the 57 to 60 dollar range. Thanks for your opinion, and your valuable service.
Read Answer Asked by Mark on April 14, 2015
Q: Is this a good entry point for Whitecap Resources? Thanks
Read Answer Asked by hugh on April 13, 2015
Q: have freed up some cash, around $100,000.00, and have inherited a portfolio worth a little over $100,000.00 but the timing stinks as a lot of it was in junior oils or oily stocks, was looking at model portfolios for the first money, i know you mentioned timing is not necessarily the issue but is now in your opinion right, so many opinions are on stay in cash right now
also, any ideas what i should do with that dog of an oil portfolio i got, i am about to gain control of it and it is fairly under water, any ideas going forward with that money?

thanks
Read Answer Asked by eddie on April 13, 2015
Q: Pason seems to be rising. Is it time to buy? Or would you prefer McCoy? I have no oil service exposure. Thankx
Read Answer Asked by jim on April 10, 2015
Q: Good morning Peter and Team, To stay in the energy sector, albeit a low weighting in our portfolios, I was thinking of selling VET and buying WCP. WCP's chart certainly looks better, and their dividend is higher. Your past positive comments about WCP have also influenced me. Your thoughts on this swap? Thanks in advance.
Read Answer Asked by Jerry on April 10, 2015
Q: Hello,
Wondering if you can give me your analysis of CDI, I am down about 30%, happy to bear risk and hold for the long term.

Thanks,
Read Answer Asked by Joe on April 10, 2015
Q: I understand the general idea of convertible debentures, but specific cases are puzzling to me. For example, AXL.DB.B, maturing June 30, 2017, has a conversion price of $1.70/s, but the stock is currently trading at around $0.07/s.

The debentures are substantially discounted; at today's price, $10000 face value would cost only $4750. But given the conversion price of $1.70/s, the 5882 (10000/1.70) shares you would receive in 2017 would be worth only $412 (assuming the stock price remained the same.)

Yes, the loss of conversion value is somewhat offset by the yield; with its discounted price, AXL.DB.B currently shows a yield-to-maturity of around 50%. But this only nets the purchaser around $2375 ($4750 @50%); $412 plus $2375 is still well-below cost.

If just breaking-even requires a ~600% recovery in the stock price, what, then, could be the incentive to buy the debentures? Or is there an 'at-par' conversion option I'm missing here?
Read Answer Asked by John on April 10, 2015
Q: Good Morning Peter and crew: I am considering liquidating a position in Cenovus (taking tax loss for next year) and opening positions in one or all three of Torc, Cardinal or Whitecap. I'm interested in getting your opinion on the relative merits of all three of these, and of Cenovus as well for that matter. I know the three mentioned are all well respected names but wonder if you see advantages in some over others if at the end of 2015, wti oil price was still below $60. Many thanks, Don Lockett
Read Answer Asked by Donald on April 10, 2015
Q: A recent BNN guest said he was short IPL because it was at 27X earnings - another guest said they had a huge EBITDA bump coming from previous work and had a great long term horizon unless oil falls apart for an extended period. IPL has lagged the other pipelines the past two weeks. Would you bet against this company?
I notice you have done a complete 180 degree turn on Surge and I bought a large amount following your strong recommendations last year. I only own SGY, IPL and SPE (Spartan). Was SGY's debt not a factor last year and due to their hedges this year, do you see any future upside with a modest recovery in oil over the next 12 months?
Thank you.
Read Answer Asked by Steven on April 10, 2015
Q: Further to John's point on the risk of Surge, my position is now relatively small. I am assuming that the bottom for the stock would be it s book value, since it does own tangible assets. First, what is the estimated book value of the stock and would that be a good proxy for the floor price?

Thanks for the insight.

Paul F
Read Answer Asked by Paul on April 10, 2015
Q: Good Morning
The Globe and Mail reported today the following debt to equity ratios for oil stocks which are quite different from the debt/equity ratios reported by TD Waterhouse. Do you know who is correct?

Globe and Mail TD Waterhouse
HSE .6 21.26%
CPG .84 22.46%
CR .75 19.87%
BNE .73 23.46%

Thank you
Read Answer Asked by Terry on April 10, 2015
Q: Hi Peter,

Your recent answers about Surge Energy (SGY) have shaken me a little. Your advice is all about the long-term and don’t worry what the markets are doing with the current price. In answers to members, SGY has gone from a strong buy to a sell (Peter’s answer on April 9) in less than a year. In my mind, that means SGY is no longer a good long-term investment and should be sold by all members.

In your opinion (not worrying about sector diversification), IS SGY A SELL FOR ALL CONSERVATIVE, INCOME ORIENTED MEMBERS?

Is there a quick way you can advise all members about the change in your opinion on any stock you give advice on?

Thanks
John
Read Answer Asked by John on April 09, 2015
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