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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: Hi 5i: I have WCP, TOG and VET in my TFSA and RIFF accounts and I am down at least 50% for each. Would you consider averaging down for each? I will most likely carry each company up to 5-7 years. When do you think would be a good time to buy?
Thanks, James
Read Answer Asked by James on November 01, 2019
Q: Would you agree with the below?

Message to Shareholders (VAT)

The third quarter of 2019 continued to be an exceptionally difficult period for energy investors, as the upstream oil and gas sector traded down to multi-year lows and significantly underperformed the broader equity market. Vermilion was not spared. Our stock price declined over 30% during the quarter, bringing our current dividend yield to approximately 14%. While we are certainly disappointed with our share price performance, we would like to stress that Vermilion's dividend policy is not based on the market price of our shares. Our dividend policy is based on the fundamental economic sustainability and free cash flow generation of our business, which remains strong.
Is this statement typical of the expected ?
As per cash flow, their approach dividend and fundamental, at current oil and gas prices how would you rate the dividend sustainability ?
thanks

Read Answer Asked by JOSEPH on October 31, 2019
Q: Every now and then I do a complete review of my portfolio to determine what changes if any I should make. With so much dependent on political conditions and monetary policy, as well as my age , I find it challenging. I would like a second opinion.
I’m 83 years of age alert and physically fit and in good health. My wife is 73. Objective is to earn income to supplement a guaranteed income of $51000 travel and leave enough for my wife live comfortably. Retired teacher, had a 13 year second career as a financial advisor. Retired from that career 15 yrs.
Portfolio is valued at $600,000 , annual yield approximately $25,000.
Two RRIFS valued @ $46000
Two TFSAS valued @ $ 132000
Non registered valued @ 365,000
Cash $60,000
Holdings inRRIFS , AD,VGG,CPX,ENB,EIF
Holdings in TFSAS AQN,CPX,PNG,QSR,VGG,VET,ENB,ARX
Non registered
ARE, ALA,AD,ARX,CSH.UN,ECN.PR.A,ENB,EIF,PNG,PKI,PPL,QSR, ROXG,VET,BPY,LSPD

Combined portfolio % in each security
ARE-3.2%-,AD-3.5%, ALA-7%,ARX-4.2%,BPY-2.6%,CsH.UN-4.4%, ECN.PR.A-9.3%, ENB-8%, EIF-4.7%, PNG10%, LSPD-4.2%, PKI,4.9%,PPl-3.9%, QSR-3.2%, ROXG-2%,VET-4.7%,CPX-4.3%,AQN3.5%,VGG-5%,WMT-5%

I have some concerns about VET down a fair bit but looks a little better on a total return basis. PNG up over 40% on realized and unrealized returns. Now showing some earnings now will probably sell at $1.00. One of my gambles.ROXG probably not one of my better choices. I like to gamble a little bit.
Any thoughts you would like to share with me and your clients.
I’m a DIY investor.
Any changes you would suggest would be greatly appreciated.
Roy
Read Answer Asked by Roy on October 22, 2019
Q: Was listening to bnn today and the analyst made me relook at my dividend paying oil and gas stocks. How would you rank the four of them? And if you think there is a better choice, which one? Not including the majors though.
Read Answer Asked by Todd on October 22, 2019
Q: Hi team
I am in a bit of a quandary, I bought ala a while ago, before they cut the dividend, my average cost is about $ 29, I know the old saying it doesn't matter what you paid for it, its the present that counts, I have it in a tax free account. I am thinking about selling some of it and buying vet, higher yield, but Lord knows that it could be cut at any time regardless of the management says they wont. I also feel that it has a better chance of capital gains in the future. How do you feel about this plan
Thanks
Read Answer Asked by auftar on October 09, 2019
Q: I am thinking about harvesting a capital loss on VET. The stock goes ex-dividend on September 27th. I would probably repurchase 31 days after selling as it is my only energy exposure. Probably have to give up a dividend payment as it pays monthly. Not sure how long the stock bump will last even though there does not seem to be a conclusion to the Saudi war on Yemen. I suppose if I guess wrong and energy stocks stay strong I could buy Whitecap after I sell VET even though I prefer VET as a long term hold. May I have your thoughts?
Thanks,
Jim
Read Answer Asked by James on September 18, 2019
Q: I hold the above stocks in my portfolio. Thinking of adding QSR. Your thoughts. Or should I keep my cash for better opportunities during tax loss period ? BEW and PNG are my play money. Playing PNG with house money.
Read Answer Asked by Roy on September 12, 2019
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