Q: Hi,
What are prospects for this co for the next year? Is the dividend sustainable? I'm down about 25%?
What are prospects for this co for the next year? Is the dividend sustainable? I'm down about 25%?
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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: Your opinion on VET.TO I bought it a month ago at $63 in my TFSA and it is now at $45. Should I keep it for 1 year or sell it ?
Q: Hi,
I bought this a couple weeks ago thinking it was over sold. Was I wrong! I'm down 25% in a couple weeks and it keeps dropping. I read of fears with the dividend and price target cuts to $74! What do you make of this? I'm happy to hold for a long time but worry that, like ACQ and AVO, logic has nothing todo with it. Should I sell?
I bought this a couple weeks ago thinking it was over sold. Was I wrong! I'm down 25% in a couple weeks and it keeps dropping. I read of fears with the dividend and price target cuts to $74! What do you make of this? I'm happy to hold for a long time but worry that, like ACQ and AVO, logic has nothing todo with it. Should I sell?
Q: A comment to Marc's question.
Note that, as of Feb.10, 2015 (i.e. one year before maturity), Vermillion can redeem ("call") this bond at 100% of face value (plus any accumulated interest), i.e. without any additional "sweetener". If Vermillion feels that it can refinance this debt in the current environment with a better interest rate than 6.5%, it is quite likely to be redeemed and you likely will actually lose a bit of money (based on your above-par purchase price).
I suspect that this is the reason that the apparent >4% yield-to-maturity looks so attractive for such a short-term holding, since it is quite likely that the bond will be called.
Note that, as of Feb.10, 2015 (i.e. one year before maturity), Vermillion can redeem ("call") this bond at 100% of face value (plus any accumulated interest), i.e. without any additional "sweetener". If Vermillion feels that it can refinance this debt in the current environment with a better interest rate than 6.5%, it is quite likely to be redeemed and you likely will actually lose a bit of money (based on your above-par purchase price).
I suspect that this is the reason that the apparent >4% yield-to-maturity looks so attractive for such a short-term holding, since it is quite likely that the bond will be called.
Q: Peter and Team,
There is a bond in the "high yield" category available through my broker for Vermillion Energy. The Maturity is Feb. 2016 and it is showing a coupon of 6.5% and an ask price of $101.850. I like the short duration and I think the yield looks good. Any thoughts and buying or not buying this bond? My aim is simply to buy the bond and hold to maturity to collect the yield and then get my principal returned.
Marc
There is a bond in the "high yield" category available through my broker for Vermillion Energy. The Maturity is Feb. 2016 and it is showing a coupon of 6.5% and an ask price of $101.850. I like the short duration and I think the yield looks good. Any thoughts and buying or not buying this bond? My aim is simply to buy the bond and hold to maturity to collect the yield and then get my principal returned.
Marc
Q: Hi guys,
Like most Canadian investors, I was overweight the energy sector going into the last correction at about 24%. I would like to reduce my energy exposure to about 15%. My current holdings, in equal amounts, are CNQ, SU, CPG, POU, TOU, VET and KEL. I want to keep CNQ and SU since they have good dividends, which are growing steadily over time. I want to replace CPG with WCP since I've lost patience in CPG's repeated share issuances. I plan to sell POU and KEL since they don't have dividends and KEL is not cheap and POU has high debt levels. My final decision is between TOU and VET. I'd like to keep one and sell one to have 4 holdings for about 15% weight. Your thoughts?
Like most Canadian investors, I was overweight the energy sector going into the last correction at about 24%. I would like to reduce my energy exposure to about 15%. My current holdings, in equal amounts, are CNQ, SU, CPG, POU, TOU, VET and KEL. I want to keep CNQ and SU since they have good dividends, which are growing steadily over time. I want to replace CPG with WCP since I've lost patience in CPG's repeated share issuances. I plan to sell POU and KEL since they don't have dividends and KEL is not cheap and POU has high debt levels. My final decision is between TOU and VET. I'd like to keep one and sell one to have 4 holdings for about 15% weight. Your thoughts?
Q: Hi Peter and team, Vermilion took a big drop of more than 5% today. Other than sector related reason, is there something wrong with VET?
Q: I bought Vermillion at its peak, it has dropped off in the last while and I'm still underwater approximately 10%. I'm happy with the regular dividend but wondering would you sell and buy another energy stock (such as Tourmaline) that pays a dividend and will provide growth as well.
Thanks
Jim
Thanks
Jim
Q: My portfolio weighting of VET is about 4.6% but I am currently down 11% since
this summer. If this decline is mostly commodity related and sector-specific ,
do you foresee any decrease in surplus supply with a potential share price increase during the upcoming winter season ? Do you feel that this is a long-term trend due to oversupply from shale and fracking projects?
this summer. If this decline is mostly commodity related and sector-specific ,
do you foresee any decrease in surplus supply with a potential share price increase during the upcoming winter season ? Do you feel that this is a long-term trend due to oversupply from shale and fracking projects?
Q: Hello, when looking at oil and gaz exposure in a portfolio, I assume you combine oil and gaz service companies and producer to assess your overall risk. I was interested in those names: FRC, MCB, VET, PEY and BDI to build a new portfolio. Which ones would you combine or should I buy a smaller piece of each name ? Do you find those names decent buy at the momen ? I can take some risk and anticipate to hold for 5 year +. I would appreciate your general comments. Thank you.
Q: Hi All,
Quick question on Vermillion. The Corrib gas project is scheduled to come on stream mid next year. I am wondering about the impact on VET if the Scottish referendum results in a "Yes" and the pound takes a significant hit.
Many thanks
Mike
"keep on biking"
Quick question on Vermillion. The Corrib gas project is scheduled to come on stream mid next year. I am wondering about the impact on VET if the Scottish referendum results in a "Yes" and the pound takes a significant hit.
Many thanks
Mike
"keep on biking"
Q: I have owned and added to Husky HSE for a number of years and my cost base is precisely where the stock price is now. So the dividends have been my only return to date, and the company has made it known there will be no div. increases for the next couple of years. I know you have a good opinion of HSE, as do I, but I'm wondering whether it'd be advantageous to switch into Vermilion (similar dividend but better growth opportunities?). Thank you
Q: I hold vermillion energy,vet on Toronto exchange, should we be concerned about its recent declining share price?
Q: What large oil & gas company would you put in an Income Portfolio and why?
Thank You.
Thank You.
Q: I would like your take on VET is it going places?
Q: If you were to rate VET what rating would it have.
PB
PB
Q: Hello Peter and team
In your new Growth Portfolio, your weighting appears to me to be 25% Technology, only 5% Energy and 15% Basic Materials. I am weighted 11.5% Technology with CSU,ESL, MDA, and SYZ. 16% energy with VET, PEY,and BDI. VET and BAD are over just over 8% because of gains and split. My Basic Materials weight is 9% with G and RUS. Should I be reducing Energy to increase Basic Materials and Technology? My other weightings seem in line.
Would appreciate your comments. Regards Kathy
In your new Growth Portfolio, your weighting appears to me to be 25% Technology, only 5% Energy and 15% Basic Materials. I am weighted 11.5% Technology with CSU,ESL, MDA, and SYZ. 16% energy with VET, PEY,and BDI. VET and BAD are over just over 8% because of gains and split. My Basic Materials weight is 9% with G and RUS. Should I be reducing Energy to increase Basic Materials and Technology? My other weightings seem in line.
Would appreciate your comments. Regards Kathy
Q: Peter and company what is your view on Vermillion Energy ? Thanks chuck
Q: Hi Peter & Team, for growth potential which one these two companies would you select, Vermillon (Vet) or BEP.UN? Regards, Gervais
Q: Greetings! I'm really enjoying my membership and am finding it to be the best value of all my investing subscriptions.
I have recently sold Crescent Point CPG and used the funds to buy Surge Energy SGY. While tidying things up to align with your recommendations, I have sold Twin Butte Energy TBE, which was underwater for me and would like to buy either Tourmaline TOU, Vermilion VET or Whitecap Resources WCP. Which one of the three would be your preference, or is there something else that is better or safer. I'm looking for a (1) moderate dividend with some growth; (2) a higher dividend with little growth, or (3)lower dividend with higher growth, but the bottom line (as ever) is that I don't want to lose my money.
I have recently sold Crescent Point CPG and used the funds to buy Surge Energy SGY. While tidying things up to align with your recommendations, I have sold Twin Butte Energy TBE, which was underwater for me and would like to buy either Tourmaline TOU, Vermilion VET or Whitecap Resources WCP. Which one of the three would be your preference, or is there something else that is better or safer. I'm looking for a (1) moderate dividend with some growth; (2) a higher dividend with little growth, or (3)lower dividend with higher growth, but the bottom line (as ever) is that I don't want to lose my money.