Investment Q&A

Q: I’m trying to understand the parameters of the special dividend being paid by Tourmaline.
The announcement reads: The special dividend is part of Tourmaline’s comprehensive shareholder return plan and will be paid on February 1, 2023 to shareholders of record on January 24, 2023.
Does this mean that you could buy shares on Monday January 16th, sell them on January 25th, and capture the special dividend with the only risk being a drop in the share price over that period?
Somehow this doesn’t seem reasonable to me.

Q: What is your opinion of the management team at AQN? Do they have a strong enough team to orchestrate a turnaround of their fortunes? Is this a hold or sell?

Q: you seem to be hot on pine cliff as opposed to other high dividend payers in the small cap oil and gas space such as gear and peyto among others. why is this?.
i know gear is heavy oil, peyto and pine cliff more nat gas.also are there others you prefer besides tamarack which seems like it is going nowhere. dave

Q: I'm not sure if you planned to take in the conference call today or not. RBC put out a one-pager on what Mgmt planned to do, which included a 40% cut to their dividend (creating a new yield of 6%).

Q#1 = As a result of Mgmt's plans going forward, what are your thoughts on AQN now?

I am fortunate that I bought AQN years ago at $5.60 (held in RRSP) and have trimmed (for asset allocation reasons) several times on the way up...as high as $21.10. However I do confess I added recently at $14.75. I still have some funds ready to top-up, but I am on hold for now...just watching.

Q#2 = would you add, hold or sell at this time?

Q#3 = my personal speculation is that AQN will probably just hang around the $9-10 range for a while. My hope is that a potential buyer will show up and take them out. In a November question, you thought the take-over chance was around 25%. With this new information in hand, do you have a new percent chance that they will be bought out?

Q#4 = if AQN does get taken out, would the usual ballpark premium of 30% apply? This would entice me to hang around for awhile.

Thanks...much appreciated.

Q: Can you comment on your current outlook/prospects for Paramount Energy

Q: what is your opinion of AQN going forward long-term now that they have cut their dividend?

Q: Could you do an update (only 1 question and it was 2021? Now approaching CAD$0.5B, strong earnings, low debt, pays a dividend, in good assets in CAD, interesting opportunities in North Sea - a UK company but listed on TSX.V. In particular, to what would you attribute its lackluster performance in the last year? Thx.
John

Q: Hi

What are your thoughts on Whitecap and altagas are they both a hold for the long term.

Thanks

John

Q: Hi,

A great question by Rodney today (Jan 11) on Tech sector "rolling over" and comparing it to the current status in O&G sector. I really appreciated your measured and thoughtful response.

This is a quick follow up question to your answer to Rodney's question:

I "get" the 80$ markin XLE as an indicator to monitor. Makes sense.

But what other sectors would like XLE to be compared to? XMA or XLI or XGD.....not sure if you meant ALL the 11 sectors in S&P or some specific sectors that are comparable to O&G.

Many thanks for the clarification.

Q: Looking for what top 3 oil & gas recommendations you would have. Growth and appreciation over the next 2-3 years.

Q: Peter; When the tech sector “ rolled” over it was hard to decide,at the time, whether one should buy the dips, sell, or sit. I’m concerned the oil sector might do the same thing with yield only holding up the sector. How do you decide if a sector is rolling over or not ? Thanks
Rod

Q: What is your opinion on this sock and the risk factor;
A good div ?
Pat

Q: Hi Could you please give me your thoughts on BAYTEX ENERGY CORP AND ARX-T I hold them both, should I sell BTE and buy GXE

Thanks

Q: Gear Energy has a juicy dividend of 11% but is it sustainable? And what are it's growth prospects overall.

Q: Hi - what are your general thoughts on the oil sector for 2023? Do you expect it to be a leading sector to look at for the year? If a positive outlook, do you think it a whole year story, or first half, or second half story for 2023?

Q: Good morning,

Following the sale of XLF in my US$ Non registered account for tax loss reasons, I'm considering the purchase of an Energy ETF.

Q1. Between XEG in Canada and XLE in the US, which do you prefer and which d you think has a better risk reward profile?

Q2. Assuming you prefer the Canadian market for the Energy sector, is there another Energy ETF in Canada that you would prefer to XEG?

Thank you and I'll await your response.

Q: BEPC has been a favorite of yours for a long time. I bought it more towards the highs a couple years ago when there was so much talk about renewables from the Biden administration and everyone was piling into renewables. Since then this stock has gone down and it was your favorite two years ago at all time highs and now around 20 dollars off its high it is still a top dividend pick. I also averaged down on it based on how favorable you spoke about this company but I have still not broken even. My question is in what environment would you see this stock doing well again? What would be a catalyst for this stock performing well and why is it still a top dividend pick? Does it represent value at this price and could you please comment on the profitability of this company. Thank you!

Q: What is going on with Enphase stock? It has gone almost straight down since mid-december. It's last quarter looked quite good. Is it worries over the next quarter?

Q: Which of these is a better long term hold for an income investor?
Both of these are showing very high yields, PEY at 11%!? Is this sustainable?
I currently hold PEY in a cash account and am down although I'd like to add more to this sector.

I see a few options here:
Sell PEY, buy PNE and hold
Sell PEY, buy PNE return to PEY after tax loss harvested
Buy more PEY over allotment and sell excess after tax loss harvested
Any thoughts on these options?

Thanks

Q: Can you explain the difference between the above three and which one you prefer.
Thank you.