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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: Peter and Team,

I currently have the following energy producers in the portfolio:
AEI 3.5%
PPY 3.9%
TOU 3.5%
PEY 4.3%
CPG 3.1%

With a total energy producer weighting of 18.3% I am wondering if I should trade my CPG shares for something like Black Diamond group. The dividend is lower on Black Diamond but I think the quality of company is better and I think they treat shareholders better. What are your thoughts on a best choice for recovery from current prices and good dividends? As a side note, I hold BAD (4.9%) as well in case it matters in terms of sector exposure.

Thanks,

Marc
Read Answer Asked by Marc on November 06, 2014
Q: Hello Peter & Co.
My RRIF portfolio contains most of your equity holdings and many of Jason Donville's top 10; I thank you for your contribution.
My problem is that energy producers make up 10% of my portfolio; I should reduce it to 5%.
I hold BTE, CPG, TOU, VET and WCP; how would you rank them?
Thanks again
Tony
Read Answer Asked by Antoine on November 04, 2014
Q: Have held CPG for some time and have noted your comments comparing Crescent Point to others like Surge and Whitcap. Have not made the switch as had large Capital Gain position. With the pull back in Energy this tax consideration has shrunk. Would a switch at this time make sense and what Oil Co would you recommend for income and growth. I have Peyto for my Gas position. Each of these position represents 2% of my portfolio and would be long term holds
Read Answer Asked by Bruce on October 30, 2014
Q: Hi Peter and 5iResearch Team,
I know that you have concerns regarding the management team of Crescent Point, CPG. However, I am wondering how is it positioned relative to the other Companies, such as CNQ, TOU, etc., with respect to recent declines in oil price, its US oil and gas reserves, etc.. I'm kicking myself today, as I bought a small position yesterday… I always ask you first before I buy…and I didn't!
Thank you. Linda
Read Answer Asked by Linda on October 15, 2014
Q: CPG has been on a steady decline for the last two weeks. Right now it is sitting at $37.28, which is at the 52 week low.

I know you do not have CPG in your portfolio, but I am wondering if you can shed some light? Is CPG reflecting the movement withing the sector, or is this a sign of other more alarming issues?
Read Answer Asked by Patricia on October 09, 2014
Q: Hi guys, Why should someone «who has done okay with CPG» sell and wait for something interesting.
From what I hear the dividend(6%) is safe and with a 3%-4% annual growth I think it is still a good investment.
It's not sure that something more interesting will surely come along. A bird in the hand......
Your thoughts.
Thanks
Read Answer Asked by Carlo on July 09, 2014
Q: Crescent Point Energy is a name I've held for just over 2 years now. I was essentially even prior to the deal being announced yesterday in terms of stock price but had collected 6.5% per year in dividends. I am curious on the 5i Teams' opinion on CPG's acquisition.

On first blush I was disappointed to see them issuing shares yet again and swore I'd sell if they did that. However, my rough calculations show that, even with the share issue, they should generate more cash flow per share. So maybe its not so bad?

I'd love your thoughts!
Read Answer Asked by Marc on April 24, 2014
Q: Crescent Point Energy has released what appears to be positive results in their work on the Torquay play. The stock is reacting well. I own it and am benefiting from the rise. I know it hasn't been a favourite of 5i in the past but does this update look good? Should we think about selling into this strength?
Read Answer Asked by Marc on April 14, 2014
Q: Hi Team
Crescent Point Energy has some detractors due,they say, to the dilution of share value and the high payout ratio. It is essentially the same price I paid for it several years ago and it keeps me awake at night although I like the almost 7% payout. Would you recommend a swap into Tourmaline?
Read Answer Asked by David on April 06, 2014
Q: Good morning. I would appreciate your comments on CPG Crescent Point which released Q4 results today. They do continue to grow production and reserves but also net debt was up 18%. They use the metric net debt to funds flow which is down 9% reflecting production and revenue growth. Does this make you feel any better about the company's balance sheet?
Read Answer Asked by richard on March 13, 2014
Q: About 4 months ago, and just before becoming a 5i member, I bought 300 CPG in a TFSA, mainly for income but also a bit of growth (I'm currently under water on the stock price). Since joining 5i, I've read repeatedly that you're not keen on CPG. Would you suggest that, despite holding CPG for such a short time, I would do better to take my losses and move on to SGY, for example? The yield is even better than CPG, but does the smaller market cap make it much riskier?
Thanks for your insight. Chris
Read Answer Asked by chris on February 16, 2014
Q: For resource exposure, I am concentrated only in oil & gas (likely because I live in Calgary). I have full positions in Cenovus, Suncor, and am overweight in Crescent Point. Since last fall, I have also purchased half positions in VET, WCP, TOU, Surge, and Bellatrix (based on 5i responses). I am looking to unload my Suncor, Cenovus, and Crescent Point positions in favour of adding full positions to the others. Does that sound like a reasonable plan to you and why are the analysts so bullish on CPG when I know that you are not enamoured with it?
Read Answer Asked by Robert on January 23, 2014
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