Investment Q&A

Q: Currently, the oil patch future in Canada is largely predicated on the availability of more pipeline transportation. In this regard, is it a safe bet to invest in ENB,TRP and, to a lesser degree, in IPL.UN ? If so, which one is more promising, and why ? In addition, do you think that approval of the Keystone pipeline is a sure bet (likely to be announced in late March) ?

Q: Hello Peter, can I get your opinion on the likelyhood of inflation rising significantly over the next year or two? Do you have any suggestions on what to invest in during a high inflation period and any stocks that you would recommend during such a period? I am specifically looking at Bei.un, but it looks like I might have missed that opportunity. Any sectors you would recommend staying away from? TIA, Gerald

Q: CML Healthcare CLC-T. What is your opinion of this stock?

Q: BEP.UN misses estimates in more then one area yet SP holds up??? What are your thoughts? Is there a better long-term div. payer that you would recommend?

Q: I am somewhat confused by your A rating for BEP.UN. I undertand it is a solid, safe company with a reasonable distribution. Using your charts, you show it as having had a 4.0% gain and producing a 4.0% yield.However, when I compare it with the other A and A- stocks from your ratings that I also own (BAD, BYD.UN, CSU, ESL, and STN) it is substantially inferior on a relative basis. That being so, why does it have the same rating as those stocks. I am going to select the private option, but if you think it would be useful for othes to see your answer, feel free to make your answer public.

Q: Just Energy (JE), Would you continue to hold here? Is the new 84 cent dividend sustainable?

Q: I am interested in your thoughts on the Horizons Floating Rate Bond ETF (HFR). Is it a good place to park some cash for a six month holding period, how sustainable is the yield if bond prices go down, do you consider the .4% management fee reasonable. Thanks, Chuck

Q: Do you think JE, Just Energy, is now a good buy? Thank you

Q: Hi 5i Team, I am looking to increase my position with LP(KMP)in my RRSP for a long term hold. I like the div. and yld. on this company.

What are your views on Kinder going forward ?

Thanks, Den.

Q: Hi, Peter: Any thoughts on IPL.UN (Inter Pipeline Fund) since they announced their 2013 capital expenditures last week?
Thanks, Dale

Q: Hi
What do you think of INE-T for inclusion in an income portfolio. Is the dividend safe and do you expect any capital growth.
Tnak you David.

Q: What are your thoughts on Keyera Corp, should one be looking to sell it here, it has had quite a run. What do you feel regards it's valuation, does it justify its growth profile?

Q: ATP Atlantic Power. What are your thoughts re the sale of the Florida Assets. The Market certainly doesn't seem to care for it.

Q: Hi team, I have held Just Energy JE for the share price ride up and then back down again and have been dripping my dividends monthly. But now I am beginning to wonder if I should cancel my drip which is getting fairly large and just bank the dividends. Most TV experts seem to hate this company. However JE seem to keep growing their customer base both here and in the US. Your thoughts would be appreciated. No hurry for answer if you are short staffed. Thanks.

Q: I appreciate the chance to ask questions .
I am getting worried about the lofty P/E ratios of the pipes, if you look at ppl,vsn,ipl,gei,enb, etc they are all trading above 20 x earnings. Google levels!
I understand the need for yield but I am worried that one morning everyone at the same time will see something wrong with this,
Am I missing something ?

Q: Hello 5i,I'm thinking of buying Canadian Utilities(CU) for an RRSP but wondering if it is too expensive and wondering also if it is always expensive.Will a stock like this ever have a pull back?
I just joined 5i and love the service. Great job!

Q: Today (24/Jan/13) you answered a question (from Sam) comparing 2 pipelines (PPL & IPL.UN) for growth & dividends. You favoured PPL for higher dividend & faster expected earnings. I see the higher dividend but PPL also has a higher P/E (from Globe & Mail) - wouldn't that make it more expensive? or does one compare the P/Es to the Forward P/Es to determine expected growth on earnings? Please could you explain.

Q: ENF recently completed its announced $1.5B acquisition (drop down from ENB) and with the the recent run up in its stock price I'm wondering if it is fully valued or perhaps over valued. CIBC has a recent $25.75 12 month target while RBCDS has a $23 12 month target. Are there better risk adjusted values elsewhere?

Q: I have about 100% capital gain on several good dividend paying stocks but I read that investors may shift to another sector soon. How do I protect my long held capital growth. Example-ARX-book $12.32\ IPL.UN-book $11.27\ BTE-book $10.04. Thanking you ,J.T.

Q: Hi Peter, I am a 50 year old, long term, buy and hold conservative investor and have about 35% of my portfolio in various pipeline and mid stream stocks including ENB, ALA, PPL, KEY and IPL.UN. I am building my portfolio to provide me with retirement income from dividends that will continue for many years to come. I have been concerned with the latest research coming from various sources regarding the potential for the U.S. to be energy self sufficient in future years and wonder what the effect might be on my portfolio positions. I try to minimize my risk and hope that this potential development will not have a negative impact on these stocks. I know that the future is very difficult to predict but would appreciate your insight on this topic. Many thanks.