Investment Q&A

Q: Hi there. Question about Bonavista (BNP) after last weeks dividend reduction. With a more attractive payout ratio you'd think the big funds would get back into this name and the price will head north. Thoughts?

Q: Thanks for the fine service. I have held KOG Kodiak Oil& Gas on NYSE for a number of years. I have let it run and now have an overweight position. I have trimmed 15% so now have 0 cost. I plan to sell 50% or should I sell more? Thanks, Frank

Q: Would you recommend Encana at this time, with the chief executive leaving ? With the uncertainty ahead, is it better to look elsewhere or await a possible lower price ?

Q: what is your opinion on LPR? Thanks!

Q: Hello Peter Could you give your opinion on MMT Mart Resources
as to the results of there new current well results and outlook for the future.Would this be a buy right now?

Q: I am reviewing my oil and gas exposure and would appreciate your thoughts before repositioning. Generally speaking, what % of a portfolio should be allocated to the sector? There are many names I own or am interested in such as: CPG, TBE, PPY, BTE, LEG, VET, SU, ECA but I am also trying to respect the 20 stocks rule which is not easy. Can you please advise on which ones you would combine as core holdings (or other names to consider) to achieve a mix of stability, growth and income for the long term. Thank you!

Q: Can you shed any light on the continuing daily declines of LNV. Longview has dropped precipitously over the last several weeks and I can't see any reason why.Thanks.

Q: Any thoughts on the recent decline in Surge Energy (SGY)? The operations update in December seemed to address any short term problems and insiders had been purchasing throughout 2012. I got in at $5.50 and am wondering if I should ride it out or cut my losses before they get any larger.

Q: I would like your opinion regarding SGY. It seems cheap but is really selling off lately. Your opinion would be greatly appreciated Thanks Again.

Q: Hi Peter,
Could you give me your opinion on Vermilion Energy, VET in Toronto. Also, where do you see oil prices going the next few months.
Thanks,
Barry

Q: Hi Peter are you familiar with Valeura Energy (vle)? It's a Canadian oil and gas management team currently operating in Turkey with a focus on nat gas. The mgmt team has had good historical track records with previous companies but so far this has been a huge dissapointment over the last 2.5 years or so. I see Scott Lamacraft ( CEO of Cormark Securities former Sprott Securities)has recently acquired a large position and is now the largest shareholder. Any thoughts would be appreciated. Thanks.

Q: I am a long term holder of SU - Suncor. It has not done much over the last few years and with Canadian oil prices so low, and not looking like they will rebound unless a pipeline is approved, is it time to get out of SU and into something outside of Canada that gets world price for oil - such as PMG or Ithaca or Husky or something else? Your thoughts.

Q: Hi Peter and Team, follow-up to STO question. If you recommend selling STO into strength, then I was thinking of using some of the proceeds to averaging down with the cash, into Pinecrest, PRY? Yes/No? Average cost of PRY is about 2.50. Any further thoughts on PRY, and why its share price continues to drop still? They received an easy 12.5M from STO!
Thanks, Hussein

Q: Hi Peter and Team, all the best to everyone in 2013. Thanks for the great service in 2012 from you and your team. Finally, someone honest, helping the honest little guy/gal!
Regarding Spartan, STO...what to do here? Sell into strength or go with Bonterra, BNE? If go with BNE, then your thoughts and insight on BNE would be greatly appreciated.
Any thoughts/information on Obernorf Entities aquiring so many shares of STO?
Thanks, Hussein

Q: Do you have any knowledge and input you can provide on Petrolia Inc (CVE:PEA)? Their web site can be found at http://www.petroliagaz.com/index_en.php. They are a small oil and gaz company, drilling for oil in Quebec. They hold a large number of licenses, access to quite a bit of land and have an influential investor (the Caisse de depot) on their side. They are supposedly getting closer to the production of oil. The stock is down quite a bit since its recent high. Any comments, something to consider,...or is this probably a pure gamble at this time? Thanks.

Q: What do you think of PGF at this price level as well as the sale of the 10% portion of Weyburn to cover debt and finance its Lindbergh project? Thanks

Q: Can you see any significance in Legacy Oil + Gas's (LEG) move today? It seems out of step with its peers on this one. Thanks.

Q: If you where going to give CPG a ranking what would you give it. I see you seemed to like it with the response to some previous questions. I see it was done today, has anything happened that would change your general opinion?
thanks

Q: Any changes to your views on AET.UN. Thanks Harold

Q: your comments on the below would be appreciated
thanks
Yossi

The Globe and Mail reports in its Thursday, Jan. 3, edition that CIBC World Markets analyst Adam Gill is keen on Argent Energy Trust ($9.24 (Canadian)) in the wake of its recent $120-million (U.S.) acquisition of oil and gas assets from Wapiti Oil & Gas and Wapiti Energy. The Globe's Darcy Keith writes in the Eye On Equities column that Argent Energy issued $100-million (U.S.) in new equity to pay for the deal and is taking on new debt. Argent, however, still has a strong balance sheet, says Mr. Gill. He figures Argent Energy's payout ratio will decline to 116 per cent from 138 per cent. As a result, Mr. Gill rates Argent Energy "sector outperformer" with a price target of $12.25 (Canadian). The shares of Argent Energy have a five-month range of $8.95 (Canadian) to $10.70 (Canadian). The Globe's Boyd Erman said on Oct. 30 that Argent Energy was having a good run. The shares were then worth $9.81 (Canadian).