Investment Q&A

Q: I'm thinking about selling PXT now (say mid-October) to lock in the tax loss early, and then buy back later (over 30 days, of course) at a even lower price (gaining more shares hopefully).

I know PXT is depressed due to the local political issues in Colombia. Do you have any updates on these problems? What are your views on these situations? Is PXT still a good investment? Thanks.

Q: Hi 5 !I team
Can I please have your prognosis anticipated by the sale of assets from SU to ATCO

At some inflection point would it be good to own both?

Thank you

Peter

Q: Hello Peter
Out of the three stocks, AQN has the highest dividend; however, is this sustainable? From an overall safety with decent dividend, I was thinking of Fortis instead of BEP.UN. Any comments please?

Q: I am contemplating buying PSK for nat gas exposure but I don't know the actual % of total royalties that are derived from nat gas. Do you have that data for both PSK and FRU? I would sell FRU to make the buy in spite of the fact that FRU has outperformed PSK slightly over the past year and div if much higher. I am attempting to partake in the success of the LNG facility on the west coast. Is this move wise and will it accomplish my intent?

Carl

Q: Can you please provide your opinion on the subject company. With a dividend in the 7% range, it does seem attractive. But if the company was that good, it likely would be in your income portfolio.

Q: PXT is supposed to have declared a dividend on 9/14 payable on 9/30. Do you know if they actually paid that on 9/30? I only ask since I have not seen that in my bank account as of today 10/03. Thanks.

Q: In question you responded to today, the information in the questions was not correct. According to NRGI website, this in the correct information
Geographic Allocation as of 08/31/2022
Sector Weight
Canada 83.04
United States 9.32

Q: Hi...further to my recent questions regarding Eric's NRGI ETF, I just want to make sure I understand the tax treatment of this ETF before I purchase it.

According to his website, NRGI is 82% USA and 18% Cdn as of Aug 31/22.

Please correct me if I am wrong:
1. Any share price appreciation will obviously be taxed as Canadian capital gains.
2. Any dividends from a Canadian company will be taxed as Canadian dividends and received the dividend tax credit.
3. Any dividends from a USA company will be taxed as interest income.
4. Any "covered call" dividends from either a USA or Canadian company will be treated as Canadian capital gains (not 100% sure on this one).

So, ignore the share price appreciation aspect for now. Eric has stated the target distribution is 7%.

My conclusion is that the distribution could then be split into roughly 5% dividend (82% of which would be taxed as interest income) and 2% covered call (taxed as capital gain).

Q#1 = So, is it safe to say that the ETF would be taxed with roughly 4% being interest income tax, a negligible amount of Canadian dividends, and the vast majority being taxed as capital gains (share price change plus CC-dividend impact)?

Q#2 = So, I believe it still makes sense to buy this in a Cash Account...do you agree?

Thanks for helping me understand this one....Steve

Q: Where do you. think the price for a barrel of oil is headed in 2023? A difficult question but based on your years of experience, I'd appreciate your opinion. Please give a few reasons for your answer.

Q: Would you buy CNQ:CA that's oilier or the gasier TOU:CA Why and when, Thanks

Q: Enbridge is the only pipeline stock that I currently own. I am looking to buy more. Before I do, do you think the TC Energy involvement in the Kitimat LNG project makes it a better investment right now? Would you consider owning both?

Thanks,

Mike

Q: Good morning,

I'm aware of the outlook being more income oriented then growth with this company.

Are we nearing over sold here? With this value contraction and a medium term outlook.

Thank you very much.

Q: NEWS ALERT
OPEC+ to Weigh Production Cut to Bolster Oil Prices
OPEC+ is set to consider Wednesday its sharpest production cut since the start of the pandemic to help prop up falling oil prices, a move that could put pressure on global economic growth.

The Organization of the Petroleum Exporting Countries and its Moscow-led allies, collectively known as OPEC+, are weighing a reduction of more than 1 million barrels a day, delegates in the group said.

Peter; Would this be a trigger to generalists to buy into the oil market? Thanks. Rod

Q: Looking ahead to a very tight European natural gas market this winter. Which five Canadian (if any) and US natural gas and LNG companies would see a direct benefit?
Thank you

Q: Can you provide your assessment of last evenings 2023 capital plan and future forecast for investors. I suspect there to be significant upside both near and mid term. Do you agree?

Q: Peter; As a veteran market watcher what do you make of the large TVE volumes daily? Generalists or the
underwriters getting off stock? Thanks. Rod

Q: Hi, how safe is the dividend on a scale of 1-10 whereby 10 is very safe. Do they carry debt that could some day impact the dividend as rates rise? Has the dividend ever been cut? Any reason why the dividend has not been raised for a few years? Lastly, do you see Keyera as a takeover target in the future. Many thanks as always for the great service that you provide.

Q: Retired, dividend-income investor. I own a full position in NNRG in my TFSA account.

I am looking to add an energy income ETF in my wife's Cash account. Because I am a huge Eric fan, I had naturally gravitated to NRGI, not even thinking there might be other alternatives to his income ETF. The question earlier today related to ENCC woke me up.

Could you please list some Energy Income ETFs that you think I should consider. I will then do some of my own research on each of your candidates. Is there one that stands out as head-and-shoulders above the rest?

NRGI is roughly 85% USA stocks. whereas ENCC appears to be very heavy (90%) to Canadian. Does this factor into the equation, related to income taxes and which type of account it should be placed in?

When overlaying ENCC and NRGI on your 6 month charts, they look virtually identical. ENCC has a 10% yield vs NRGI at 7%, although I suspect there will be special dividends in addition.

Your thoughts...thanks...Steve

Q: Hi
I have held SPB for a long time and my cost is $5.98 Over the years the stock has been more than paid for itself by the dividends.
It has been as high as $16.00 in the past year or so but now it is back below $10.00 again. It now yields over 7%. Is that out of line or even sustainable?
What could be the fundamental reason for this latest set-back? Winter is on it's way and global warming notwithstanding it will likely get colder.
They have continually been buying more assets and should that not make the shares more valuable?
Could I have your analyses please. H.

Q: What is your opinion of ENCC? Apart from the dividend is it a worthwhile investment at today’s price?