Q: WR Jacques Q. Andrew McCreath today on BNN had what I assume to be credible reason for WCP budget delay. If you inputted what WCS oil is selling for presently ($15) no business plan in the Alberta field would look reasonable.
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Investment Q&A
Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.
Q: Why would Whitecap delay there guidance for 2019? Is there a possibility that they are planning to cut the dividend? If so, what would that do to the stock price?
Q: Hi Guys,
I sold WCP for the tax loss in October. Since then it has declined from $8 to $5. Any suggestions as to when to buy back, or would you suggest any other replacement, say VET?
Still hanging on to Teck at a big decline. Was concerned that they would bring on a partner for their copper mine in Peru. Any point in waiting longer or will a deal not be of any impact?
Thanks,
KC
I sold WCP for the tax loss in October. Since then it has declined from $8 to $5. Any suggestions as to when to buy back, or would you suggest any other replacement, say VET?
Still hanging on to Teck at a big decline. Was concerned that they would bring on a partner for their copper mine in Peru. Any point in waiting longer or will a deal not be of any impact?
Thanks,
KC
- Cenovus Energy Inc. (CVE)
- Whitecap Resources Inc. (WCP)
- Advantage Energy Ltd. (AAV)
- Baytex Energy Corp. (BTE)
- Kelt Exploration Ltd. (KEL)
- Surge Energy Inc. (SGY)
- Tamarack Valley Energy Ltd. (TVE)
- Yangarra Resources Ltd. (YGR)
Q: Hi Guys,
I submitted this question last week so not sure if it didn't go through or just got lost in the shuffle. The question is as follows: I am concerned about the oil and gas industry going into a prolonged down pricing environment. Can you rank these companies in terms of balance sheet strength and their ability to withstand a prolonged downturn? Can you also speak on if any of these would be in significant financial trouble (e.g. - bankruptcy) over a prolonged downturn?
Thanks,
Dean
I submitted this question last week so not sure if it didn't go through or just got lost in the shuffle. The question is as follows: I am concerned about the oil and gas industry going into a prolonged down pricing environment. Can you rank these companies in terms of balance sheet strength and their ability to withstand a prolonged downturn? Can you also speak on if any of these would be in significant financial trouble (e.g. - bankruptcy) over a prolonged downturn?
Thanks,
Dean
- CCL Industries Inc. Unlimited Class B Non-Voting Shares (CCL.B)
- NFI Group Inc. (NFI)
- Superior Plus Corp. (SPB)
- Whitecap Resources Inc. (WCP)
- Alaris Equity Partners Income Trust (AD.UN)
- Premium Brands Holdings Corporation (PBH)
- Savaria Corporation (SIS)
Q: I would like to top up these positions and trim them back in the future (12-24months?)
Are there any names on the list I should avoid or expect a longer recovery for?
Always appreciate your wisdom.
Are there any names on the list I should avoid or expect a longer recovery for?
Always appreciate your wisdom.
Q: Hello,
which crude oil benchmark does WCP & SGY products fall into?
Do you see any cash flow risk at both these companies due to recent oil downturn?
Thanks,
which crude oil benchmark does WCP & SGY products fall into?
Do you see any cash flow risk at both these companies due to recent oil downturn?
Thanks,
- Royal Bank of Canada (RY)
- Bank of Nova Scotia (The) (BNS)
- BCE Inc. (BCE)
- TC Energy Corporation (TRP)
- Fortis Inc. (FTS)
- WSP Global Inc. (WSP)
- Algonquin Power & Utilities Corp. (AQN)
- Cineplex Inc. (CGX)
- Chartwell Retirement Residences (CSH.UN)
- NFI Group Inc. (NFI)
- Whitecap Resources Inc. (WCP)
- Alaris Equity Partners Income Trust (AD.UN)
- Transcontinental Inc. Class A Subordinate Voting Shares (TCL.A)
- Premium Brands Holdings Corporation (PBH)
Q: Following up on a recent question regarding allocating the appropriate amount of monies to each stock, the amount depending on the size, safety, etc of that security. Would you agree with the current split (full, partial, small):
Full = AD (should be partial), AQN, BCE, BNS, FTS, RY, TRP.
Partial = CGX (could be full?), CSH, NFI, PGH (could be full?), TCL, WSP (could be full?).
Small = WCP.
Thanks...Steve
Full = AD (should be partial), AQN, BCE, BNS, FTS, RY, TRP.
Partial = CGX (could be full?), CSH, NFI, PGH (could be full?), TCL, WSP (could be full?).
Small = WCP.
Thanks...Steve
Q: I am looking to initiate a position in an oil and gas company.
Can you recommend a couple of companies that would benefit the most from a rebound in the sector, also your reasons for recommending the companies. I have a fairly high risk tolerance and I am looking at a longer term hold.
Thanks!
Can you recommend a couple of companies that would benefit the most from a rebound in the sector, also your reasons for recommending the companies. I have a fairly high risk tolerance and I am looking at a longer term hold.
Thanks!
Q: Good Morning: I hold positions in the above cdn. energy companies and not surprisingly am under water in all of them. Would like to reap the capital losses without being totally out of the sector. I'm looking at one of two possible options: 1, sell these and buy Vermillion; or 2. buy a cdn. etf that focuses on cdn. junior and mid cap oil and gas names. So, first, which of these strategies would you prefer, and second, if an etf, do you have some recommendations. I continue to consider my subscription to your advice and service good value. Thanks for your efforts. Don
Q: At the risk of sounding foolish, the last sentence in your response to Tim re WCP started wit "But", suggesting you would not expect a cut in dividend. Could you verify your answer.
Thanks
Thanks
Q: Is the dividend safe?
Q: Would you be comfortable in buying more shares of WCP if already own, at the moment it is only a 1.9% total weight since the price has fallen and thinking of buying more to bring the weight up to 2.8 %. or would it better just to buy another stock in this sector ? I already own VET and ALA.
Q: I currently hold significant positions and capital losses on both SGY and WCP. I would like to trigger a cap loss while maintaining sector exposure by selling one and buying the other, and then 'reversing' the trade in 30+ days. Which one you recommend selling at this stage?
Q: Well tax loss selling is upon us again, I'm down to two energy companies and I would like sell either one of VET or WCP. Both are down about 30%+, which one would you recommend? Thanks for your help.
Q: thoughts at current price and economic landscape?
Q: Hi folks
I can use a loss on WCP. In 30 days I may buy back with a better price in mind. ...hopefully. Meanwhile can you suggest a better replacement in the energy sector? Thank you
I can use a loss on WCP. In 30 days I may buy back with a better price in mind. ...hopefully. Meanwhile can you suggest a better replacement in the energy sector? Thank you
Q: I hate the Canadian oil sector but for some reason I feel obligated to have a small representation. As such I have a 1.3% position in WCP. Thinking of changing that to Parex Resources at the same weighting. Comparisons and advice please ?
Thanks Garth
Thanks Garth
Q: I currently own a small position in WCP. Would you consider adding to this position assuming the dividend is safe from the decline in oil prices ? I think the decline in Canadian oil is pretty much done given the already very low price.
Or would you recommend another producer ? If so, which one ?
Or would you recommend another producer ? If so, which one ?
Q: Hi, taking a licking on energy with wcp down 40% and vet down 25%, is it best to hold until after tax loss selling and hope for a turnaround?
It is hard to figure with Trump trying to keep oil low, more renewable energy, Saudi’s turning on more supply, no pipelines, feds not really helping, carbon tax, and of course a big discount we give away to the USA losing billions.
It looks really bad, maybe I should add as this may be the low? Your thoughts, buy ,hold, or sell
It is hard to figure with Trump trying to keep oil low, more renewable energy, Saudi’s turning on more supply, no pipelines, feds not really helping, carbon tax, and of course a big discount we give away to the USA losing billions.
It looks really bad, maybe I should add as this may be the low? Your thoughts, buy ,hold, or sell
Q: Could you explain the large gap between Canadian oil and US oil ?
It’s having a very negative impact on my wcp holding. Is this large gap sustainable in the near to medium term or a cause for major concern ?
It’s having a very negative impact on my wcp holding. Is this large gap sustainable in the near to medium term or a cause for major concern ?