Investment Q&A

Q: Hi, Energy sector was creamed today with 5% decline on the top of 15-20% drop over past week. I also learnt from CNBC that many large investors are buying significant amount of September Puts. We trimmed 25% of our 10% Energy weighting, selling XLE, XEG,CNQ and TOU, mostly at market open. Do you believe , Energy sector could be range bound for near term and has further downside ? Would it be prudent to cut the sector weight to 5%, in General, without being specific to our portfolio ? Which companies would you reduce, in order of priority, among, CNQ, TOU and SU, based on balance sheets and possible further downside caused by Oil/Gas price and recession ? Thanks

Q: Hi, With recent drop in Oil/Gas prices, would it be prudent to reduce exposure to Large E&P and Integrated names and increase ENB weighting, so we have Energy exposure but with limited downside. In your Balanced Equity Portfolio, I noticed that ENB weight is about 7.5% and you appear to be comfortable with that. Thank You

Q: On a company like ATH what do you think investors would rather see a small dividend or share buy backs. Which would have a greater impact on the share price?

Q: I have been watching this for a while and all developments seem positive .
Particularly around the future of green energy and storage .
Is this short report and firm credible ?
Thoughts ?
Many Thanks
Greg

Q: Hi Peter

Is there a reason why Freehold dropped 7% yesterday and continuing to drop this morning?

Q: I understand that Teck can be cyclical and nonetheless am looking at keeping Teck as a core holding over the next 5 years. I would appreciate knowing your views. Thanks.

Q: Hello there, trying to decide which of these winners to either sell in total or sell in part. In order of first to last which would you suggest selling with perhaps some reasoning. I also have ENB but will stick with it for the foreseeable future.

Many thanks,

AL

Q: With the high volume oil sell off today it feels like a rotational market capitulation is nearing the last gulp. Or an overvalued market is continuing to adjust PE to normal. What do you think we have here?

Q: This looks super cheap. Can you provide the pro's and cons of taking a position in this company. What other 3 in this sector would you prefer with potential near term torque?

Q: Tamarack is down 8% today. Any reason? Is it time to buy? As always, your insight is greatly appreciated.
Thanks.

Q: if the u.s. or canada eliminated the gas tax, this would cause less demand destruction as more people would drive as the price of gasoline would drop, hence supply would get even tighter-so my question is why is the price of oil down 5 dollars this am on this news. dave

Q: Hey 5i: Currently down 20% range would you suggest buy hold or crystalize a sell and best switch options ? Thanks Larry

Q: With the recent pullback do you think this is a good time to acquire a position in Kelt? What is your outlook going forward and are there any companies that you would recommend instead?
Thanks for you input

Q: how would rank the above 3 companies and can you give a reason. dave

Q: As Cardinal has pulled back recently, would you recommend the stock or are there similar-sized producers you’d prefer? Thanks!

Q: Looks like the election in Columbia send PXT for a nosedive. Peter, do you think the 10% pullback represents a buying opportunity for this stock? Also, do you see the general pullback in energy shares as a buying opportunity?

Thanks for your great service.

David

Q: Hello 5i,

Could I get your future outlook on PXT given the recent election of a leftest government in Columbia. Market is very negative on the stock today (-10% as of writing).

Given that approx. 30% of Columbia's government revenues come from the taxation of Oil, I find it hard to believe that the new government would do anything to endanger it's revenue stream when it will be sorely need to pay for election promises made. I think the market is overreacting on this one.

Your thoughts would be appreciated.

Thank you.

Q: In a registered portfolio looking for income and capital preservation, to whatever extent possible; how would you rate current price for an entry point? Charts indicate a downtrend but I believe oil demand will continue. Would mid $60's compel you to add to or initiate a position?

Q: Can you please tell me the P/E for BEP in the 5i Income Portfolio? I usually use Koyfin but can't find the P/E anywhere.
Thanks

Q: Hi, Oil and Gas sector has come under pressure for past two weeks, with above equities declining 20-30% from their respective highs. Volatility in oil and gas prices could be a reason and other days, it could simply be in sympathy with general markets.
This is in the backdrop of analysts forecasting very strong cash flow generation by all these companies, resulting in outsized shareholder returns and much higher equity prices. We have 10% weighting in the sector ( Not including 5.5% ENB ). Based on the geo-political, demand/supply and other relevant factors, do you believe, this sector still has legs, say another 6-12 months or longer and equities should recover over time. Also, what would cause, in your opinion, for market to change course for this sector, in near future. Thank You