Q: Hi Peter. I've been reading that the US has been steadily reducing its foreign oil imports from most countries except Canada. I'm sure Canada's turn will come. Oil prices are dropping. Do you see the cost of production in Canada too high and thus reducing profits for Canadian companies. I have done well with Surge and Suncor thus far. Would you recommend reducing my position in these companies. (taking some profits)
Thanks for your great advice over the last year.
Cam
Q: GXE,an updated opinion please,there assets seem to be in heavy oil and refiners in the states have heavy oil shortage problams.would you buy this? tkx pat
Read Answer
Asked by patrick on September 15, 2014
Q: Hello 5i,
my question is regarding Blackpearl (PXX). just recently i have read that heavy oil is the place to be. however it is difficult to find smaller companies that would benefit from the current heavy oil opportunities. in your opinion would PXX be a good choice as a small cap in this sector ? please explain the reasons why or why not. also do you like management, projects, execution, balance sheet etc ? thanx norm
Q: Hello, when looking at oil and gaz exposure in a portfolio, I assume you combine oil and gaz service companies and producer to assess your overall risk. I was interested in those names: FRC, MCB, VET, PEY and BDI to build a new portfolio. Which ones would you combine or should I buy a smaller piece of each name ? Do you find those names decent buy at the momen ? I can take some risk and anticipate to hold for 5 year +. I would appreciate your general comments. Thank you.
Q: Good afternoon....I was wondering what your thoughts on COS (CDN Oil Sands) with a dividend of 6.5%...basically form Income perspective as I would not anticipate much growth...based on the current volatility in the oil markets...would you say the dividend is safe? looking at longer term hold 3 to 5 years..
Q: Precision Drilling (PD) and Painted Pony Petroleum (PPY) have fallen in price over the last week (5% and 10%), I assume this is due to the fall in oil prices. I realize that they work the oil industry and so should be sensitive to that, but I'm surprised that the stocks went down that much considering many analysts have buy recommendations and much higher targets (usually that keeps a floor on the stock). Could you comment on this? Thank you.
Q: Hi Peter can you comment on oil as a group It appears that a lot of oil and service stocks are going down almost daily. I suspect the strong us $ and the price of crude are major factors. I hold the following and would like your opinion on holding or sell
Surge energy - SGY
Elkwater - ELW
CanElson - CDI
Cardinal - CJ
Delphi - DEE
Bankers - BNK
I am also looking hard at adding Easyhome - EH - Your thoughts please
Q: Good Morning,
Could you give me your thoughts on CNQ Canadian Natural Resources. Back in June you answered some questions thinking it may start looking good but I have only seen it continue to drop and it looks like it is going to be a very bad day today for it.
Thanks for your advice.
Q: Prairie Sky (PSK): what is your opinion of the new issue and their planned use of the funds? Now that the price is down in the $36.50 range, would you consider this a purchase, for income. Do you view the dividend as sustainable and is there any chance of an increase in the next year or two? How do you think PSK would fare in a market correction relative to conventional O/G producers?
Q: Hi All,
Quick question on Vermillion. The Corrib gas project is scheduled to come on stream mid next year. I am wondering about the impact on VET if the Scottish referendum results in a "Yes" and the pound takes a significant hit.
Many thanks
Mike
"keep on biking"