Investment Q&A

Q: Peter; After the big OK on the SOE buys do you see a negative impact on the senior oil sands companies and smaller ones like PXX? Thanks.

Rod

Q: Sir Peter,

What are your thoughts on Sonde Resources, SOQ.

Q: Hi Peter&crew,
Would you comment/speculate on what Nexen and Progress deal approval influence on the Canadian energy sector might be?
Thanks, Zoran

Q: Wondering about you current thoughts on Vermilion Energy. I have an existing position established prior to the recent run up. Do you feel that now is good time to buy more, or would you advise waiting. Thanks.

Q: Hi Peter, Will you be covering Whitecap Resources (WCP) in the form of a report? Thanks,

Q: I recently $42.00 share bought CPG. It has been going down every day since,is there some company news ie dividend cut, that has come out to put this sell presure on the stock.Should I buy more at these prices.
Thanks Garry

Q: Hi,

Could you please give me your opinion on Americas petrogas. TD has a $6 target on it(if they are successfull on wells). Is this a good entry point? thx

Q: Peter; It seems to me that CPG and BNP have been dropping much more relatively to their peers and on higher volumes. Do you see any reason to stop loss them in case a major change in momentum is occurring? Thanks. Rod

Q: Hi Peter
I hold both TOT and FRC and was considering lightening my exposure to this sector. What is your opinion on these companies in both the Long and short term?

Thank You

Q: Peter,

A guest on BNN Market Call on Nov 23 suggested buying PSN as a tax loss selling candidate between Nov 23 and Dec 15. At that time the stock was 5+ and now it is even lower than 3.5 and it keeps sliding. The worst part is that the analysts who downgraded the stock after the earnings report came out, have cut their targets to half from their earlier rating (BNS downgraded it to $11 and now to $5). From the earnings date till now there is only a class action suit against the company and nothing else. Also globe and mail in their article had some favorable comments. What do you see from all this? Would you favour a buy, hold or sell at these prices?

Q: Hi Peter, can I have your thoughts on (SMQ)Santa Maria Petroleum, is this the end for the company, is it tax loss selling driving it farther down and I should do the same my cost is $1.60 from when it was Quetzal. Is there any hope of any recovery. Thanks, Nick

Q: Hi Peter and Team, any further thoughts on the STO/PRY deal? Weakening quite a bit after their merger announcement highs!
Your thoughts and insight on the combined company, their land holdings and where the shares go next year would help, considering oil is at about $80.00 average.
Thanks again for your help on these names.
Hussein

Q: This morning, CNQ had a conference call on its 2013 budget, and only one analyst in attendance, which made for a pretty short question and answer period. This does not look very serious for such a major company. It so happens that the stock is down today much more than its peers (and is down 25% or so for the past year). Comparatively, in a similar conference Friday, COS had 6 analysts in attendance, and this made for a very healthy question and answer period. Is it normal for a major company like CNQ to have only one analyst in attendance for such an event ? This doen't look well prepared, or am I too critical in this regard ?

Q: Would appreciate your thoughts on ERF for the next 6 to 12 months. Also the service you offer is wonderful. Have a MERRY CHRISTMAS Keith

Q: Hi Peter & 5i: Just a follow up on my last question on oil. I like getting income + growth from oil producers so I'm happy to see RPL and WCP added to TBE and LNV in the small producer income space. But if the expectation is that there may be oil price weakness for a quarter or two sometime in the next year or two, I'm wondering how these will do relative to each other, but also relative to larger oil income names like CPG and BTE. If I want to maintain some exposure to this oil income space, which ones might be best able to withstand lower oil prices the longest and be most able to continue their dividend payments in a rocky commodity environment. The oil market may be more global than the natural gas market, but Canadian oil producers don't get WTI, let alone Brent. If there is more oil coming from US soil, I'm concerned that Canadian producers may suffer a more punitive spread from WTI. Thanks again!

Q: PWT: I understand the advice to wait and see a turnaround before buying in but what would you read into insider buying @10.50 to 11 during Nov? Same is true with insiders at PGF. Could they just be looking for a seasonal "dead cat bounce" in the stock prices or perhaps they know something the rest of us don't. Thanks, Jeff

Q: Hi Peter and 5i: Oil commodity – I know there are some significant differences between the North American markets for oil and for nat gas, but I am wondering whether we should expect to see the oil market over the next year or two trace a path similar to the nat gas market's over the past year, with improved techniques for exploiting shale-based resources creating a progression of over-investment, supply glut, price trough, cap-ex cuts and dividend cuts, and an equity market sell-off, before coming back to a more stable and probably intermediate commodity price, as supply and demand come back into balance. The recent buzz about the US having the means to approach supply independence seems to me to fit the scenario, as does the lack of conviction around oil futures over the last several weeks, with the prices flipping back and forth between contango and backwardation a number of times. I'd appreciate any thoughts you may have on this? Thanks!

Q: would you please comment on CQE is it a good buy at this level
thanks!

Q: What is your opinion about natural gas prices and ECA as a play for rising NG prices

Q: Is Penn West (PWT) a good buy right now? And why has this stock dropped so muc

Thank you,
George Helbin