Investment Q&A

Q: I am wanting to buy some mid cap Canadian energy companies, preferably with a good dividend. I am looking for ones with strong balance sheets that could ride out the poor prices, decent reserves, etc. What would you recommend? I am thinking about VET (but will the dividend get cut?), ARX, WCP, and on the smaller side, CJ. Also, for non-dividend, I am considering MEG, ATH, BTE, and CPG (very small dividend). I would appreciate your thoughts.

Q: Not many if anybody is interested investing in Energy stocks,does this create an opportunity in these stocks in long term?
With so much volatility in the market which stocks are unfairly bitten and can be good buy except MX-T?

Q: Can you please comment on Parex earnings,

Q: Hi 5i

Can't help notice the Q's on Canadian energy companies, and how the common theme leads me to think capitulation is close.

My questions is: Given the current political distaste for Canadian oil and gas, what would be your recommendation for an alternative investment in the energy sector? I already own BEP.UN, AQN, and ENB for disclosure, hopefully this won't instigate more sector Q's ;)

Please note my views on Canadian companies are severely restricted due to the duality of the current government.

Thanks,
Chris

Q: Your Analytics program has provided a convenient tool to see the weightings in my overall portfolio. From this I have learned that while there are some with larger percentages I have many positions between 1 - 2% weighting. Sometimes this resulted from my having initiated small purchases and sometimes from falling share values. In any event, I wonder if I am spread too thin? I guess one part of this is that the small positions will not move the dial. On the other hand, quite often your members ask what you might recommend when looking at choosing between 2 stocks and the answer suggests having both, for better diversification.
1. So my first question is whether positions of 1 - 2 % are too small or is this good diversification?
2. In this context, my next questions are about positions of 1.57% and 1.42% in Enghouse and Kinaxis; are these positions too small and if so, which would you sell and which to keep / add to? And similarly, positions of 1.39% and 1.18% in Parex and Suncor. If these positions are too small, which to sell and which to keep / add to?
3. In a similar vein, I have one or two positions that have suffered from considerable declines in share value and there is .36 and .56 of a position. What should I do if I do not want to sell, either because I still believe in the prospects or because it is too painful to sell just now. I often see your answers suggesting you do not believe in averaging down but holding such a small position seems not effective.
4. My last question is about Constellation Software. It is of course one of the better performers and partly as a result presently I have a weight of just under 3.5%. Given its success, would you recommend adding to have a larger position, and if so, how much?

Thanks for your excellent service.

Q: Hi there,

I currently own PXT and was thinking of switching to QST. What would your thoughts be on this switch. I was thinking QST could be a "better" play on the oil industry and one that is less exposed to the price of the resource and with better upside overall. Thoughts?

Thanks!

Q: PXT is down significantly today whereas other energy stocks such as SU are up. Any news to explain the drop in price and would you buy PXT today

Q: There seems to be some thinking that oil stocks will be rising shortly. If you agree this is a possibility which Oil Stocks would you recommend . Thanks. Ernie

Q: Hi there,

Can I please have your take on Parex's Q results?

Thanks!

Q: What is your current opinion on Parex Resources, and do you see any headwinds going forward?
Thanks
Gary

Q: Hi there,

I currently own PXT and was looking at YGR. It looks like it has sold off over the last year and may be coming back. Would you endorse a half/full position in this name today? If one owned a full position in PXT already, how would you play YGR (assuming you'd be okay endorsing it as a buy today).

Thanks!

Q: What would be your top 5 stocks to purchase today in the Energy sector? CDN or US. (You guys are the best)

Q: Could you please comment about the recent financial report released by Parex Resources?
Continue to hold? Add? 4% positiom now.

Thanks

Dave.

Q: Hi guys:
In my Tfsa , I own Td, parex, ccl . Could you please provide me 3 more names you would buy today to add to my Tfsa.
Thx
Mark.

Q: Your analysis on recent numbers please.

Q: GTE, PXT and other non Canadian oils have taken the same hit, while oil goes up. what's the reasoning here, and is it a permanent hit, as it seems to be for Cdn. oils??

Q: I own the above. I see Golumbia had a nasty suicide bombing and tension are rising. Do you think I should move to the sidelines? I really like the company but!!!!!!!!

Q: With Dow up 336 & TSX up 92 & oil up $ 1.53 do you know any reason why PXT down $ .18 & VET down $ .34 ? I am trying to understand the market reasoning. Thanks

Q: My TFSA is all cash and represents 2 % of total with rest split evenly between RSP and cash account holding solid blue chip stocks.
I use for fun money usually selling if getting 20% return ( that doesn’t happen very often ! )
Am looking at equal amounts of these stocks.
Your thoughts on each one is appreciated Any other candidates?
Thanks
Derek

Q: Hello Peter, Ryan and Team,

I was lucky to pick up a decent amount of PXT on December 20, which means that it is now at a 6% weighting of my portfolio. PTX is my only Energy position other than ENB which is more of a utility.

Would you recommend trimming PTX and adding SU, or replacing PTX with SU, or leaving PTX and adding a 2.5% position of SU or do nothing? I like the momentum of PTX at the moment and with a good cash balance, 6x P/E and no debt, it looks like it should have more room to run.