Investment Q&A

Q: I hold ERF, NVA, ARX, TVE, GXE, and VET in the "play money" part of my portfolio and I'm certainly benefiting from and enjoying the large increases but I know all good things must end and sometimes quite abruptly.

Are there a couple of key indicators I should be particularly watching for that it's time to get out of all of these quickly before I give up all my easy gains?

Thank you,

John

Q: I have questions:

1. ATCO vs BIP.UN - Do you agree with this article making a case that ATCO is maybe a better buy?

https://seekingalpha.com/article/4492123-forget-brookfield-infrastructure-buy-atco-instead?mailingid=26881852&messageid=dividend_ideas&serial=26881852.14358&utm_campaign=Dividend%2BIdeas%2BLaunch%2B2022-03-02&utm_content=dividend_ideas_control&utm_medium=email&utm_source=seeking_alpha&utm_term=Dividend%2B%26%2BIncome%2BSmart%2BList

2. Does ATCO have a rock-solid balance sheet that could potentially ride out an possible long recession?

3. Is there significant overlap between ATCO and BIP.UN ? Could a person own both? (I do also own BEP.UN which has utility exposure).

Q: I am in a quandary, I have no idea what is going on with this split shares. I bought the capital shares at the low of oil stock companies, the shares were $.50. I know that it was highly leveraged and there was no value in the capital shares. I accepted the fact that they could be worthless by 2023, the time that they would be redeemed. I was hoping that the oil stock would recover and the net asset value would go back to $5 as it was in 2018. Well the underlining stocks have mostly hit 5 year highs, but yet the net value of the capital shares are about $ 2.00, so the way I read it the stocks would have to go up another 100 % to get to this value, if my calculations are correct. Rhis is not going to happen, I emailed the company but no response I just do not under stand why the value is so low. Do I have this right if so I blow these shares out. Sorry for the long winded question.
confused

Thanks
auftar

Q: I selected Suncor as an example of a oil based holding to give some context and search ability, but it is obviously connected to oil price.

The conflict in the Ukraine is the obvious cause of the current spike in oil.

At what point do you decide that the oil price has peaked during this conflict and take profits off the table?

Would you continue to hold with the assumption that oil prices have more upside contrary to the faith in green energy?

If you took profits, or sold outright, would you park the money for reinvestment in oil when it falls, or move to a different sector?

This seems like an opportunity for building, one that may be missed by diversifying gains. I’m interested in your insight.

Q: My portfolio is well diversified and is a combination of RRSP and TFSA.
Presently, 17% of my holdings are in oil and gas producers (CNQ, SU, PXT, ARX, WCP, TVE, CJ) and another 10% is in pipelines (ENB, TRP, KEY). I am up significantly in all of them.
Should I be thinking of trimming or allowing these stocks to continue their run?

Thanks, Rick

Q: I have very little energy exposure in my registered account.
Is now a good time to add a long-term dividend payer and if so, please suggest 2 for me to consider.
Preferably one that isn't already over-valued and therefore may drop in price should oil return to $50 or $60/ barrel.
Thanks.

Q: I have around 15% of my total portfolio value in energy and utilities, spread across the following stocks. I have held most of these positions for quite some time.

Given the considerable rise in the past year (but still quite far off from ATH for some), would you suggest any consolidations or removal of any of these positions?

ENB: 17.72% of total, 44.35% gain
SU: 14.35% of total, 73.34% gain
MEG: 14% of total, 309.59% gain
WCP: 11.55% of total, 249.88% gain
ERF: 8.82% of total, 421.21% gain
CNQ: 8.67% of total, 248.39% gain
CPG: 7.33% of total, 346.70% gain
POW: 6.72% of total, 67.89% gain
PPL: 6.38% of total, 53.52% gain
AQN: 4.47% of total, 4.83% gain


Thanks in advance for the insight and advice!
David

Q: Apparently Canada will ban crude oil imports from Russia. Are there any other petrochemicals that we import from Russia? How will this affect Canadian companies and which companies do you see benefiting the most from this move?
Thanks for your advice.
Ian

Q: With the tragedy of the Russia-Ukraine war breaking out and the sanctions put in place, do you think the Canadian blue-chip energy co's such as IPL are facing headwinds or tailwinds right now? Wondering if this is a time to take profits or consider riding with Canada energy looking like a desirable alternative these days. Thanks

Q: Starting to look at enbridge for the dividend. Is is sustainable at this payout rate and how does it look for the upcoming years. Thanks.

Q: Can you please provide your insights on Boralex and Parkland and their valuations.
How do you see them perform ?

Thank you

Q: Your opinion of their numbers please.

Q: Is it possible the numbers are exactly the same for exports & imports as per Statistica?
Answer:

Here are links from Statistica for imports and exports for the major countries Canada deals with.

Q: I hold 13% of my non-registered account in energy and utilities, spread across the following stocks, with a focus on long-term income.

Would you suggest any consolidations or removal of any of these positions?

AQN, 9.70% of total, 3% gain
CU, 4.78% of total, 3% gain
ENB, 21.43% of total, 31% gain
EPD, 7.50% of total, 2% gain
FTS, 8.14% of total, 1% gain
KMI, 7.54% of total, 6% gain
PXT, 7.19% of total, 15% gain
SPB, 8.48% of total, 3% loss
TPZ, 4.19% of total, 8% gain
TRP, 4.86% of total, 11% gain
WMB, 4.63% of total, 10% gain
ZWU, 11.55% of total, flat

Thanks as always for your excellent work! Aaron

Q: Can you suggest three or four oil stocks at this stage of the rally or is it better to stay off the rocketing?
Thanks.

Q: Can you comment on results ? I purchased this yesterday, down 15% today. Would you hold, buy more, or cut your losses ?
Thank you

Q: Big news today on the joint venture with KKR. It sounds very encouraging. Is it a good time to buy on the news for future capital appreciation not to mention that dividend ? Thank you.

Q: Any figures available of Canada's total imports & exports of crude oil & to & from which countries?
Thanks

Q: Hi the great team, what will happen to oil stock price if oil price drops to $85?

Q: What's lit a fire under the renewables all of a sudden? The market has suddenly fallen in love with them again? Is this a temporary fling or likely to last?