Q: What are your thoughts on these three? How would you rank them for a buy at this time?
Many thanks,
Paul
Many thanks,
Paul
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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: What do you make of the present market price being below the take over price of $6.50? Is this the market saying that it is uncertain the take over will proceed never mind receive any competing bids? What are your thoughts on the take over?
Q: Hi Peter and Staff
You have McCoy in one of your portfolios for a decent dividend and some exposure to oil/gas sector. I am considering adding CEU instead as dividend is slightly higher but analysts seem to be targeting a great pop on this one while not so much on McCoy. Scotia seems to emphasize that their target is not solely based on a big recovery in oil prices. How do you compare the two for dividend safety/growth and capital apprecation?'
Thanks for all you do
Dennis
You have McCoy in one of your portfolios for a decent dividend and some exposure to oil/gas sector. I am considering adding CEU instead as dividend is slightly higher but analysts seem to be targeting a great pop on this one while not so much on McCoy. Scotia seems to emphasize that their target is not solely based on a big recovery in oil prices. How do you compare the two for dividend safety/growth and capital apprecation?'
Thanks for all you do
Dennis
Q: Hi Peter I am now coming to the realization that I must move off this stock because of its change to the div being paid in us funds I will not play the exchange game and my cash flow is dependened on the exchange rate .I have done well on this stock but it is time to move on.My thouhts are to take a position in FRC with the proceds can I have your opinion on this switch .
Kind Regards
Stan
Kind Regards
Stan
Q: WCP has taken a pretty steep dive in the last month; what are your thoughts on the reason for this?
Would this be a good time to purchase another position and bring my cost average down?
Thank you!
Would this be a good time to purchase another position and bring my cost average down?
Thank you!
Q: can I get your opinion on twin butte at this time. Thanks
Q: If you were to pick one stock in the oil and gas services area with a secure dividend and growth prospects, which would it be?
Q: if people are really scurrying away from energy stocks because of the NDP win, I think it would be smart to buy them cheap and profit as we discover the sky hasn't fallen after all.
Q: Hello Peter et al.
What do you make of the recent run-up through April from a low of $0.50 to now $1.07 for Ithaca. The oil price recovered a bit in April to around $65.00 for Brent and Ithaca has its 2015 1stQ earning coming on May 14th. We should get an update on Stella's progress and the Ythan well. Since my last question they have sold their Norwegian assets and renegotiated their RBL. They expect to have at least $100M of borrowing room from peak debt from their RBL prior to Stella start-up. The largest uncertainties I see affecting this stock are:
1. The OPEC meeting in early June. If OPEC decides to keep production the same or increase it, it will have a negative effect on Ithaca as well as all oil stocks.
2. Any delay with Stella. Based on the past it is not improbable that there would not be another delay. A lot of oil projects have delays. For example here in NL the Hebron project has been delayed by at least an year to 18 months.
3. Markets this year appear to be showing the sell in May and go away and return in September trend. I have cash available and am looking to make strategic purchases through-out the summer.
I plan to hold this stock through to mid to late 2016 and have held it for a while now. I have made money on it in the past and have bought more on these pullbacks. Any comments would be greatly appreciated.
Regards,
Brendan
What do you make of the recent run-up through April from a low of $0.50 to now $1.07 for Ithaca. The oil price recovered a bit in April to around $65.00 for Brent and Ithaca has its 2015 1stQ earning coming on May 14th. We should get an update on Stella's progress and the Ythan well. Since my last question they have sold their Norwegian assets and renegotiated their RBL. They expect to have at least $100M of borrowing room from peak debt from their RBL prior to Stella start-up. The largest uncertainties I see affecting this stock are:
1. The OPEC meeting in early June. If OPEC decides to keep production the same or increase it, it will have a negative effect on Ithaca as well as all oil stocks.
2. Any delay with Stella. Based on the past it is not improbable that there would not be another delay. A lot of oil projects have delays. For example here in NL the Hebron project has been delayed by at least an year to 18 months.
3. Markets this year appear to be showing the sell in May and go away and return in September trend. I have cash available and am looking to make strategic purchases through-out the summer.
I plan to hold this stock through to mid to late 2016 and have held it for a while now. I have made money on it in the past and have bought more on these pullbacks. Any comments would be greatly appreciated.
Regards,
Brendan
Q: Hello, I am looking to invest in oil outside of Alberta due to the recent uncertainty. Do you have any suggestions? I am looking at Tag oil, it's in a safe jurisdiction (New Zealand) and has a decent cash cushion. Are you comfortable with it at its current price or do you have a better suggestion. I still can't believe we voted in a majority NDP government.
Q: What do you think of ther unsecured notes offering announced today's? Thanks for your help.
Q: Peter and Co.
I own IPL, PPL, ALA, VET and PEY in the energy/utility sectors. With everything that's going on in Alberta what is your advice on these stocks? They are all excellent companies, so do I bail out on them and put the proceeds into tech, healthcare and consumer stocks, or should I hold on, or even buy more as the prices are low knowing that eventually they will recover. In your model balanced portfolio, the only energy stock you have is Enbridge. I am a long term buy and hold type of investor but I've been thinking for a while now that maybe I should just get out of the energy sector all together...
My other holdings include (CNR CCL.B CGX DHX MG SJ T BCE BNS TD VEF VFV VUS DH OTC CSU GIB.A ESL BIN ATD.B WSP PHM BAD & CXI)
This investing thing is harder than it looks! Thanks for all of your sound advice.
I own IPL, PPL, ALA, VET and PEY in the energy/utility sectors. With everything that's going on in Alberta what is your advice on these stocks? They are all excellent companies, so do I bail out on them and put the proceeds into tech, healthcare and consumer stocks, or should I hold on, or even buy more as the prices are low knowing that eventually they will recover. In your model balanced portfolio, the only energy stock you have is Enbridge. I am a long term buy and hold type of investor but I've been thinking for a while now that maybe I should just get out of the energy sector all together...
My other holdings include (CNR CCL.B CGX DHX MG SJ T BCE BNS TD VEF VFV VUS DH OTC CSU GIB.A ESL BIN ATD.B WSP PHM BAD & CXI)
This investing thing is harder than it looks! Thanks for all of your sound advice.
Q: If it was a large position because of years of share price appreciation, would you reduce IPL in light of the new Alberta NDP government's negative stance on pipelines? I reduced back at $35 when oil prices started to fall and it had been recovering until the Alberta election. I am fully taxable on my gains.I have held it since 2009.
Q: Do you believe the NDP have scared away all investment in oil and gas and is it a place to completely avoid now? god help us all...thanks.
Q: Hello, could please comment on the recent TOU stock price weakness.
Q: Hi,Peter and team,
Oil is back to lower 60 range recently,but experience and change are down.your comment would be appreciated.
Thanks,jim
Oil is back to lower 60 range recently,but experience and change are down.your comment would be appreciated.
Thanks,jim
Q: Could you please provide an update on Newalta after today's earnings. I would be looking at it for a long term hold of at least 5 years. Thanks again for this amazing service.
Q: In view of the NDP Success in Alberta do you think it will have an adverse effect on stocks in the oil patch due to the uncertainty. Which stocks will suffer the most. It may be a while before the smoke clears.
Publish at your discretion.
Publish at your discretion.
Q: Pembina has a heavy concentration of pipeline projects in Alberta,what effect on PPL,KEY,ENB.Trp etc could this have.
Q: As a long-term holder, energy making up about 10% of overall equity portfolio, heavily weighted towards the blue-chip oil companies, does one hold on and wait out the turmoil that is potentially going to occur over the next 5 years of the new mandate, or bite the bullet and deal with the bloodbath that is possibly going to occur at the open, and into the next few trading days?
It would feel very wrong to sell, but this - to me - seems to be a fundamental shift within the industry in Canada, and that in and of itself could be a reason to question a long-term position. If you could share your thoughts, please...
It would feel very wrong to sell, but this - to me - seems to be a fundamental shift within the industry in Canada, and that in and of itself could be a reason to question a long-term position. If you could share your thoughts, please...