Investment Q&A

Q: It has been a long while since I have owned Birchcliff Energy (BIR) and I was shocked to see it trading for less tham $6. The dividend yield is nearly 14 per cent. I understand that at 2.50 natural gas pricing that BIR has to use leverage to maintain the 20 cent per quarter dividend. I remember about a year ago BIR was debt free so I don't image their debt is that high. I also remember Jeff Tonkin saying that the dividend was almost sacrosanct. So I few questions. Is Tonkin still the COE or has he retired or stepped up to be on the BOD? Is the debt level of BIR still low? At 2.50 gas (I know BIR never used to hedge so I assume they are gettting spot pricing) how much debt per quarter must BIR use in order to maintain the current dividend and spend enough to keep production flat? Do you think they will resize, that is, cut the dividend? And if they cut do you thin they would do an NCIB and start to buy back the shares from their depressed levels?

Q: Hi 5i,
Happy New Year!
Of the 5 Green Utility stocks listed, could you please list them in order of preference (best to worst) with a short explanation of 1) why and 2) the pros and cons for each stock at this time?

Thank you.

Q: Hard to stomach a stock that i own that can pay out 170 plus million for no results to some genius resting on his last performance, NO, this abuse, i sold my holding and i feel that they are only looking after themselves and not the shareholders.
Thanks Again.

Q: I know 5i is not a big fan of KPT (KP Tissue). I owned a few years ago when I good dividend was hard to find and got out of it with a small capital gain. I have been watching it slide down to $9 per share which makes the dividend close to 8 per cent again. The third quarter presentation of the parent company, Kruger products, showed that debt is getting paid down, margins are up especially size the price of pulp is down. Next year's capex is guided to be slightly less than last year including the investment in their new Sherbrooke plant. If KPT could sustain the dividend with higher pulp prices, higher trucking costs, and lower prices for the products they sell then surely the dividend must be safe. I already bought a little at $9. Should I add some more and if the answer is no can you tell me why?

Q: I am retired and looking for dividends and some safety in a cash account. I have $10,000 to invest. Please give your take on ZPAY and ENB.

Q: Which would be your preference in a US RRIF , Chesapeake Energy or Sunoco?
Thank you

Q: Your opinion

Q: Last year I chose my bank investment by choosing the worst performer from the prior year. I di that wih CM and had a retun of almost 16%.

For 2024 it seems like a nose to nose rate for the worst performing Canadian bank between BNS and TD.

Can you confirm that as of December 29th which was the worst performer?

With Thanks and Happy New Year.


Sheldon

Q: I am going to do an “in kind”transfer from my RIF to my TFSA. Looking for best total return on a 3 to 5 year hold. Please give me your ranking with a few comments. Much appreciated. ram

Q: Hello, As a result of the spinoff I own BAM and BN.. As I understand it: BN remains BAM’s largest shareholder with a 75% ownership stake. And since BN has exposure to several business sectors, I am thinking of keeping my 1100 shares of BN and sell the 275 shares of BAM?
Your thoughts?
Thanks
Carlo

Q: I need to gradually raise cash over the next 6 months and am operating on the assumption that interest rates will begin a to decline in late Q1, I would only like to sell those holdings that are less likely to do well in a declining interest rate environment. Please rank each of these holdings from "Sell Now - least likely to benefit from a declining rate environment" to "Avoid Selling - should do very well in a declining rate environment". AQN, BCE, BN, BNS, DSG, ENB, GSY, KXS, NTR, PBH, TCN, TD
Thanks...Glenn

Q: I hold TD in my portfolio. I've read a couple articles recently highlighting that RY has performed much better than TD in recent years, pointing to RY's higher ROI investments (i.e. focusing on Canadian operations and US Wealth Management) relative to TD (i.e. focusing on US Retail banking, and their recent failed acquisition).

What are your general views on this comparison from an investing perspective and would you replace TD for another Canadian bank such as RY? Which of the Canadian banks would you select as a long-term "set it and forget it" investment based on sound management and, of course, expected stock returns.

Q: I hope you all had a great holiday. This is for when you get a chance.
I am planning trigger a loss by selling DG to help offset all the capital gains that I will have in 2024. Wanting to replace it with WMT, Cost, L, MRU or EMP.A. Looking for net return. Your thoughts please.
Happy New Year.
Ian

Q: I sold TRP for tax loss selling and used ENB for proxy as you recommended.
I am seeing that TRP is rising much faster than ENB.
Is there any reason for this disproportional rise of TRP vs ENB .
Thank you

Q: I am planning towards retirement within 5- 10 years and would like to transition my TFSA from growth oriented to dividend paying stocks to supplement my income upon retirement.

Can you suggest dividend paying stocks with min 3% yield with history of dividend growth. Thank you

Q: Which would you prefer any why?

Q: What is your dividend and share price growth opinion on these 2 over the next 12 months? It seems that their primary revenue source is selling data which provides limited growth. They seem to have lost out on the content distribution sector and I don't see new growth areas for them. Where do you think their growth will come from? I currently hold both (which is not good) and am considering selling both. I had originally invested for share price growth and dividends.

Q: Peter and His Wonder Team
I have been following this stock for some time...The dividend is over 6% which could be a red flag. I am also wondering about it's valuation. What are your thoughts going forward long term. Do you think at this price it is a buying opportunity ...if not, all factors considered what would be a safer price range? Thanks as usual!

Q: I hold the following energy stocks: BIR, CNQ, CPG ,PPL, SU, TOU, TVE AND WCP.
It represents 12.2% of my portfolio. Is this a fair portion. too high , too low??
If to high what would you suggest to sell. Could you also rate these as for sustainability and return going forward.

Thanks in advance.

Q: I have ENB & BNS I my portfolio, for the dividend plus with the talk of reduced interest rates, I thought their stock value will increase. With this in mind, do you concur. I was looking at GEI, but I was wondering if they are not paying out more than they are bringing in. Do you feel this is a wise move.