Investment Q&A

Q: I must progressively restructurate a non-registrated portfolio, recovered in early 2022 for self-managing... Here are the percentage of each stock vs all portfolio, and also indications (+/-) if they are at a profit or at a loss on paper. stocks at profit are: BIP.UN (8% of portfolio), CM 5%, DIR. UN 3%, BIPC 1%, BCE 5%, ENB 2%, SGR.UN 1,5%. Stocks at a loss are: BN.PF.D (5% pf portfolio), TRP 1.5%, VET 1.2%.
My objectives are in order: stability, dividends, and some growth if possible.
Some stocks represent a probably too high percentage of the portfolio, I would not sell them “only to rebalance the portfolio” if they are still safe (to avoid non necessary capital gain tax), but I shall sell if they represent a risk. On the other hand, I would not sell stocks with a loss if they respond to my objectives.
I have already balanced a good part of this portfolio with ETF and a selection of stable dividend stocks. Those are the remaining stocks from the original portfolio..
Please give me suggestions for each stock according to objectives as : keep, sell, or sell partly. All of your comments are always greatly appreciated.

Q: i own vermilion, cnq, erf, and gear . gear has an 11% yield, no debt, i cant resist.
i want to add one more small to mid cap energy name canadian. i know you like tamarack but it is a weak performer. can you recommend another for growth. dave

Q: Sold half my position in VET in the mid $33 back in summer and I wish I would have sold the whole part. Looked at VET's Q3 report and it seems that it is the threat of a European "excess profit tax" that has pummeled the stock lately and I understand why and think the sell down is warranted. But the way I understand it there could be a unseen upside in VET in Q1 of 2023 when the VET's purchase of Shell's portion of the Corrib gas plant is completed. According to VET all of the 2022 Cash flow from Corrib should go to VET. When that cash flow is added to VET's income statement could they restate their 2022 earnings to the upside? I am not sure how this works but it seems to me that there is some 'hidden' earnings in VET that can not be realized until the sale of Shell's position to VET is officially completed. One thing we know is that Corrib definitely made money in 2022. Could the increased earnings from Corrib be enough to counter the Euroean excess profit tax. Long question and I hope you understand what I am trying to get at.

Q: Hi Peter, what did you think of earnings and guidance for each ? Any tells from VET postponing their buybacks ? Thank you.

Q: WHICH STOCK DO YOU PREFER AT THIS TIME AND WHY (reasons) --SU,CNQ,POU AND VET?

Q: JOY
FRU
ATH
BIR
PXT
TCW
WCP
TVE
ARX
CPG
VET
ERF
MEG
BTE

Which three of the above fourteen oil & gas stocks would you sell first to bring my sector allocation back to my normal weight? This is assuming 100 WTI oil in 2023. Could you also provide a brief reason for each of the three stocks that you would get rid of first. Thanks.

Q: Of the above three energy companies, please rank for growth prospects over the next three years, assuming oil prices stay around the same as they are now.
Thanks

Q: I read where the operator of the Sakhalin-1 oil and gas project in Russia's Far East has been changed by Russian gov't decree. What is the risk for a firm like Parex or others with significant foreign operations to be affected in the same manner, including being nationalized?

Would you have a list of the larger energy companies with significant foreign operations? I know from my past work in the oil and gas industry [40 years ago] nationalization insurance was available. I'm not aware if it is still available or not.

Thank you

Q: Looking ahead to a very tight European natural gas market this winter. Which five Canadian (if any) and US natural gas and LNG companies would see a direct benefit?
Thank you

Q: Hello,

Given the current bottlenecks for natural gas in Europe and the long time frame to ramp up LNG conversion/processing facilities - are there any Canadian conpanies that could benefit from this demand over the next 5-10 yrs and how well are they positioned in terms of supply and strategic focus?

Thank you

Q: what are the current annual percentages of dividend, debt and free cash flow yield for each of these companies. use as many question credits as needed

Q: Which co. Offers best return over next 5 years?

Q: Hi there, your thoughts on VET results would be greatly appreciated?

After the 2Q results, is this still a hold going forward?

Your thoughts on oil and gas going forward are greatly appreciated, especially for VET, considering their diversified holdings in Europe?

Thanks!

Q: I am thinking of buying these companies in my tfsa account in equal weights. Do you have any concern with any of these companies and would you be able to rank them in order of possible upside? Thank you

Q: Peter and Co,
The UK has introduced a ‘windfall tax’ of 25% on energy company’s profits. The bite of this tax can be substantially reduced on profits that are reinvested in more fossil fuel extraction. While this reduced tax rate might result in greater investment in oil/gas extraction and, therefore, production and profits it would appear that in subsequent years companies using reinvestment to reduce current taxes will have to make greater and greater reinvestments to keep ahead of the 25% tax. I understand that the existing UK tax on fossil fuels is 40%.
My portfolios are very overweight in energy stocks and particularly Vermilion. I understand that VET’s Corrib gas field is located within the boundaries of Ireland and the company pays only the Irish tax of 25% and has never paid taxes to the UK.
Would you please confirm or correct my statements about the UK taxes on fossil fuels. and the advantage that VET enjoys being an Irish producer?
With appreciation,
Ed

Q: I have a small percentage in each of these companies, I would like to add to some or all can you tell me in order of preference you would suggest I add them.
Thanks, Dorothy

Q: Great 5i team, There are times like this; I will need to put my cash holding to work. I kept trimming energy names in our family portfolio to under 10% and staying on the sidelines for the last few months. Your thoughts are very much appreciated with these 2 questions: which one that you would pick 3 out of these 7 energy names and which sector that you will allocate the funds? I am light in industrial and health care. Thanks for your input.

Q: Can I get your top picks for Small and Mid sized Canadian Growth Oil stocks for the next 12 months?

Q: If I can only own one of those three for 1 to 3 years, which one would give me the best combined return (yield + growth)? Thanks.

Q: Thoughts on the acquisition?