Investment Q&A

Q: My wife just started a tax free savings account. She recently bought ATZ and SHOP. Can you recommend a couple good Canadian stocks for her tax free? Also Is it fine to purchase US stocks in her Canadian account? Can you recommend a couple US stocks also.

Q: Please share your advise on this REIT today for a long-term investing. Thank you.

Q: Does the average investor need exposure to the renewable sector right now? Trying to pick a winner amongst what seems to be a sector facing a number of headwinds (pun intended) seems like a bit of a "mugs game" at present. Can you come up with a compelling reason to not just sit that area out for awhile in favour of opportunities elsewhere?

Q: Regarding AQN, your response to Robert(Mar. 07), indicated earning consensus is 19.4c on March 17. If AQN itself is only expecting 55c-61c for the year, are the analysts not setting up the company for a huge miss on the 17th?

Q: I am considering adding CAT to the industrial sector of my TFSA to complement WSP. I would like a relatively safe 10% annual return from CAT. I note that WSP ate CAT's lunch with 3&5 year returns. Cat is doing better over 3,6 and 12 months. The impetus for the CAT addition is the infrastructure bill $$$$ in the US. Is this a good plan for a 3-5 year hold? Thank you

Q: What are the expectations for the March 17 AQN quarterly report and how does this align with expectations set by AQN itself?

Q: The latest quarter news release seems to show a large loss from swap contracts. Also, seems to have recurred throughout the year. What does that mean exactly, and will this loss continue? What do you think of the quarter overall?

Q: Please provide an update on Equinor ASA and some comment of their recent moves acquiring more north sea oil exposure. I believe they also expanded holdings near Newfoundland.

Thank you, Doug

Q: Hi Guys
Can you list a few U.S. stocks with attractive Free cash flow Yields ( using EV instead of MCAP) preferably with stable cash flows, that trade at attractive Forward P/E ratios.
Looking also for a decent dividend. I was pondering IBM, their interest coverage looks decent, but their Total Debt/EBITDA looks a bit high at 4.0x
Thanks Gord

Q: Robert Gill of Goodreid Investment Counsel had a bullish opinion on TC Energy in today's Globe. Recent opinions on TRP from 5i are less bullish. Do Gill's opinion or numbers do anything to change your opinion? ENB is my long term hold in the sector,  TRP would be a 'clip the coupon  while awaiting some reversion to mean on the share price' type holding.  
A related question: With these high debt utility type stocks, how great are the risks we go into multi year period of higher interest rates? 
Thank You.

Q: Good Morning Peter, Ryan, and 5i Team,

PSI is getting smacked down a wee bit this morning after reporting their Q4 numbers. Their Q4 seemed decent to me. Could I please get your opinion as to whether I should add to my position ?? Thanks very much. DL

Q: Your thoughts on the last quarter please?

Q: PHX has seemingly released just stellar results, why there are no market activities to reflect that? No buy or sells and no noticeable SP movements? Thanks.

Q: I've been eyeing Canadian Natural Resources especially light of a great 2022 and Q4. I'm underindexed on energy in our portfolio and if there was one single oil and gas company in north american to invest in for a mix of income and growth any other names you suggest and how does CNQ rank amongst those?

Q: THESE ETFS HAVE VERY ATTRACTIVE DIVIDENDS DO YOU THINK THE DIVIDEND IS REASONABLY SAFE,

Q: I have held ALA for many years, I have some cash to deploy in the account holding ALA. All my other holdings in that account have bounced to start 2023 with ALA the glaring exception who lost steam and gave back its gains. Good time to buy the dip on ALA and worst case I get the 3.7% div for the rest of 2023? You don't seem to be huge fans based on replies to other ALA questions. I don't see a huge downside if markets continue to be shaky and with the interest rate hike cycle hopefully nearing an end.

Q: How did you like the results. Still viewed as one of your favourites?

Q: Hi, I think, my question may have been lost due to time out. Capital Power has been bit of a disappointment, since we took a full 5% position with ACB of $50, in mid 2022. After reaching a high of $52-53, stock has been languishing around $41-$43 and does not seem to get any traction. I am aware that valuations in Utilities sector have been impacted, due to likelihood of higher interest rates for longer. But, CPX share price has lagged almost 10% more than its peers like FTS. Recent results also failed to inspire any confidence. Analysts are predicting lower power prices in Alberta, through 2024. Dividend yield of 4.75% seems to be the only solace.

Do you see any catalyst which could help recover stock price, over near term ? Or, it would make sense to take a capital loss (in taxable account) and reallocate funds to another sector ( e.g., Industrials - ATS/TFII ), which appears to have some tailwind. We also have a 6% position in FTS, in utilities sector and are underweight Industrials.

Thank You

Q: If you could give me your take on latest quarter I would appreciate it. Also, if you would comment on dividend stability that would be appreciated.

Thanks!

Q: Kindly comment on the CNQ results just released this morning. Thanks.