Investment Q&A

Q: what do you think of a switch from enb.pr.f to zwc for same div but more growth ?thanks Phil

Q: Hi Guy,

Just wanted to get your thought on Eric Nutall's take on the oil market on BNN yesterday.

He believed that more specialized companies (top picks were BTE, CPG, PD) were more promising than generalized companies like CNQ and ENB.

I value your opinion and would be happy to spend more points for a more detailed answer., especially on CNQ and CVE.

Q: Hi,
Today (April 04) you answered Jacques' question by suggesting a switch from EMA to FTS. Would you suggest the same for BEPC/and H? I am trying to "replicate" the performance of an ETF by holding some of the utility companies. Hence this question.

Q: Dear 5i team.

Can I have your updated views on this covered call etf? What % are they writing cov calls on, and what is the projected elasticity of price moves assuming markets up/down 20%

Tanks for your help.

Q: Does the decline in Telus and Bell have any similarities to the decline in AT&T and Verizon about 6 months ago? I note that the US telecoms staged a nice comeback since. Would you expect the same or are the stories different?

Q: hi, can I get your thoughts on the price action of BEPC. today down over 3%? any reason? was there a large sell order by a large institution/investor? i may be biased, but I have seen quite a few days like today on this equity, which seems odd as it is not a growth name, more of a stable slow growth dividend grower? share price now below 2020. I'd appreciate your thoughts on this one, as a dividend grower, and slow-medium growth equity going forward. is there more beyond the effect of higher than before (but still pretty reasonable on a historical basis ) interest rates. and, do you see a theme in these cdn stalwart dividend companies ( eg banks, telcos, utilities) mismanaging things when rates were low, poor risk management etc, getting caught up in the frenzy of low rates and locking in bad management decisions? the hit on BEPC and all these seems excessive to me? appreciate your current thoughts.
cheers, chris

Q: HI 5i,
I would like to initiate a position in Brookfield Infrastructure. I know the difference between BIPun and BIPC on how they are taxed. I would choose to buy BIP.un in a registered account, or BIPC in a regular account. BUT, the price difference is ridiculous ($40 vs $47). And the data I see on YahooFinance do not match, even if these two are more or less equivalent. Eg:
BIP.un: Eps=0.19 P/E=212
BIPC Eps=1.15 P/E=40
Could you clarify where is the truth in these numbers?

Q: I believe BCE cut their dividend by 50% in 2008 during the financial crisis and restored it in 2009 the following year. In your opinion, is the company in the same financial condition as it was during the financial crisis of 2008 which may warrant a reduction in dividend? It looks like Telus also reduced their dividend during this crisis. Can you comment on why the management teams may have acted differently with their investor dividends. I would appreciate your thoughts.

Q: Hi Peter, I'm a pensioner and hold BCE in my RRSP account mainly for the dividend with an average cost of 49.25. Why such a downturn and would you continue to hold for the dividend or is there a chance the dividend could be lowered or cut. I thought this was one of those buy and forget about stocks. Thanks

Q: Good morning,

Thinking of selling BCE for a capital loss, and replacing with FTS. Hold FTS until ex-dividend date of May 16th, and then buy back BCE in time for their June ex-dividend date.

Reasonable strategy if no immediate near term price catalysts - good or bad - for either BCE/FTS?

Q: I am thinking about swapping out BLX for ENB. I am holding the investment primarily for income. May I get your take on which you prefer as a long term hold? Thanks very much.

Q: Based on my TD Webroker Analyst ratings, ANGIE STOROZYNSKI and Analyst with Seaport Global has a 4.5 star rating as a result of her PERFORMANCE WIN-LOSS RATE
84 Out of 128 Successful Ratings(66%) and an Average Return Per Rating
+12.0%

Now I know generally we're not supposed to take analyst ratings that much into account with maybe the exception of "..are the analysts ratings trending up or down".

Is that the theory I should be be taking with analysts ratings? What's 5i philosopy on analysts ratings and do you take note of any prominent analysts in the investment field?

Those questions aside Neil Kalton from Wells Fargo with a similar rating but an average of half of Angie's came out with a rating for Nextera Energy NEE on the same day as her. His is for a target price of $85 and hers is for $44. It seems mind boggling how two analysts can have both and upside of 30% percent and a downside of 30% on the same stock on the same day being the most recent analyst opinions on the stock??? What is your price point for NEE today, Is it a buy, sell or hold. What price would you get in at because I'd like to average down on the position I have on it now. Thanks for the help to clear things up.

Hope everyone has a good Easter Weekend.

Cheers

Q: Can you please comment on how BCE is progressing with its long term goals.
Also, can you please compare its EBITDA for 2023 to its past history. Are things getting better or worse ? Thank you very much

Q: Ing vs umax for sustainable dividend? Thanks

Q: Do you have any insights into GXE? It's oddly holding at .64 despite Oil rising and other companies moving higher. Beyond the dividend cut and strategic review flop, is there anything else you can add about their prospects? Thanks.

Q: HAS GAINED SOME MOMENTUM RECENTLY. BESIDES HAVING A NICE DIVIDEND,
what is your opinion?

Q: I'd like to invest a substantial inheritance in solid, relatively safe dividend stocks in a non-registered account for a stream of tax-efficient income. Can you suggest 7-8 stocks for me to consider and do you consider that number enough for diversification? Would you buy in gradually over the year or invest all at once? Is it unwise to invest in Canadian stocks only ( have geographic diversification in my registered accounts)? I won't need the income for 2-3 years and will probably hang on to them for life, whatever that may be (I'm in my late 50s). Thanks. I have tons of credits - use as many as needed.

Q: Currently down 15% on both. Make any sense to take a loss On tellus to double down On bell? Or hold or better some other suggestions for more recovery potential.?Tks. Larry

Q: I'm curious as to the lack of a high dividend paying etf in your Income portfolio? Also curious as to your thoughts on the partial use for these in a RRIF or PLIf account ( I am in MB and we have PLIF's). I'm setting up a PLIF and considering having more than a full position of HDIV, along with big stable dividend growers I'd pick from your favorites. I have a RRSP of the same value of the PLIF and investments in TFSA. I've been 100% equities all my life, eat volitility for breakfast. If you were setting up your own PRIF, looking to make significant income, what would it look like?

Q: I will need to sell one or a combination of several of these stocks for my RRIF withdrawal. EIF (gain )has been good to me over the years , SPB ( loss ) hopefully Certarus acquisition will help , BEPC ( loss ), spinout , full portfolio position of BEP.UN .

Would you sell a full position of one of these or split between the 3 ( or 2 ) . How would you proceed ? Thanks Derek