Q: Yesterday I said that I have just sold all our shares in SPB:CA despite the high dividend, because the share price has been languishing for too long. In fact the share price has been steadily declining and it is this decline over a long period that has pushed me to sell.
I asked for alternatives in the energy industry, but you excluded oil and gas suggestions.
I have recently sold ENB because its share price has also been steadily declining. If a stock has a high dividend, I still like to see the share price remaining stable or increasing a little.
We have a 5% position in BEP:UN, but I have always considered this to be more of a utility than an energy stock. Your suggestions seem to be very similar to BEP:UN.
So can you reflect on this and give me a suggestion on a single company in the energy industry that is likely to provide the best ROI over the next 3-5 years, but include oil & gas in your answer.
Thanks in advance.
I asked for alternatives in the energy industry, but you excluded oil and gas suggestions.
I have recently sold ENB because its share price has also been steadily declining. If a stock has a high dividend, I still like to see the share price remaining stable or increasing a little.
We have a 5% position in BEP:UN, but I have always considered this to be more of a utility than an energy stock. Your suggestions seem to be very similar to BEP:UN.
So can you reflect on this and give me a suggestion on a single company in the energy industry that is likely to provide the best ROI over the next 3-5 years, but include oil & gas in your answer.
Thanks in advance.
5i Research Answer:
For a single company pick, reflecting the notes in the question, we would suggest CNQ.