Q: Last year global oil demand again hit a new record, over 100M barrels PER DAY. Even with renewables increasing, the demand for oil is continuing to increase and the EIA expects this trend to continue for a long time since global energy demand is will grow and renewables won`t even be able to keep up with demand. So assuming oil goes from 100M consumption per day to 120M barrels, what oil companies do you see benefiting the most. If Alberta oil continues to be landlocked due to political reasons, would it be best to look to the USA who now have record exports. If so who would be the best companies. Or do you think that with Canada being curtailed it will mainly benefit state owned companies like Iran, Saudi.
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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: Which of the above companies do you see leading the race into the transition into clean energy in the future. Some probably already hold exciting knew patents on future forms of clean energy. Maybe also a good opportunity now to buy them as they trade lower with the price of oil.
thanks Gord
thanks Gord
- BP p.l.c. (BP)
- Royal Dutch Shell PLC American Depositary Shares (Each representing two Class B) (RDS.B)
Q: I'm looking for a long term high dividend paying company. Which do you prefer at this time? Thanks!
- Husky Energy Inc. (HSE)
- Veren Inc. (VRN)
- ARC Resources Ltd. (ARX)
- PrairieSky Royalty Ltd. (PSK)
- Bonavista Energy Corporation (BNP)
- Obsidian Energy Ltd. (OBE)
- BP p.l.c. (BP)
Q: Hi Peter, the above energy companies are held for a 20% weighting overall in an rrsp. Which ones would you keep and which ones would you cash in ? Whats a reasonable energy company weighting at this time ? Thank you.
- Suncor Energy Inc. (SU)
- Cenovus Energy Inc. (CVE)
- Ovintiv Inc. (OVV)
- Total Energy Services Inc. (TOT)
- BP p.l.c. (BP)
Q: In Jan 2015 I had 7.55% of my portfolio invested in Energy companies. BP (ADR), SU, CVE, Encana, and Total SA (ADR).
I watched these companies fall to all time lows earlier this year and now recently they are going back up again along with price of oil.
I plan on selling one or two positions in Energy and reallocate the funds into other sectors.
How would you rate the companies I have listed above and which would recommend selling.
Regards
I watched these companies fall to all time lows earlier this year and now recently they are going back up again along with price of oil.
I plan on selling one or two positions in Energy and reallocate the funds into other sectors.
How would you rate the companies I have listed above and which would recommend selling.
Regards
Q: Thoughts on British Petroleum USD ADR @ this time please? Thank you.
Q: Hi Peter,
Please can you comment on BP stock for a long term investment. It has a good 7+ div and looks good for jump on oil recovery over a long term horizon. my other oil investment is WCP and SGY (will increase my sector allocation to 12%)
Please can you comment on BP stock for a long term investment. It has a good 7+ div and looks good for jump on oil recovery over a long term horizon. my other oil investment is WCP and SGY (will increase my sector allocation to 12%)