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Investment Q&A

Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.

Q: Hello 5i Team

Inter Pipeline according to the TMX website has 429,219,175 Listed Shares Outstanding and 429,200,000 Total Shares (All Classes) outstanding.

Inter Pipeline according to Q2 financials has 429,200,000 shares outstanding.

Brookfield in their press release dated July 15 states the Brookfield entities own 41,848,857 shares and have an economic interest (but not voting control) through Total Return Swaps in 42,492,698 shares.

1 – Why is there a discrepancy in the shares outstanding on the TMX website and IPL’s financial statements?

2 – What is the actual number of shares that are required to be tendered to BIPC’s offer to meet the 55 % requirement set by the Alberta Securities Commission?

3 – What happens if the percentage of IPL shares tendered to BIPC offer is greater than 55 %, but less than 90 % (where BIPC can force the takeover of the remaining IPL shares)?

Thanks for all you answers during the saga of this takeover.
Read Answer Asked by Stephen on August 12, 2021
Q: I'd like your opinion in regard to which of the above would be the best investment over the next five years? Perhaps you could rank them from highest to lowest in your opinion. I've included BIP because of their likely acquistion of IPL and the broad level of infrastructure that they represent. With thanks, Don
Read Answer Asked by Donald on August 11, 2021
Q: Hi team I sold Transalta Renewables (RNW) today out of my Cash account @ 63% profit and my TFSA @ 84% profit. Not particularly happy with todays report and future forecast.
Looking for a good solid replacement with a bit of growth and dividend. I am thinking of Brookfield Renewable BEP.UN and Hydro One (H) both in your Income Model Portfolio. Looking for your thoughts, good entry points and any additional suggestions. My total Utilities Sector now sits at 9%. Thanks.
Bill
Read Answer Asked by William on August 11, 2021
Q: Given the under-investment in oil exploration over the past several years, I am seeking an investment in an oil name with strong reserves to complement my SU holding. Can you suggest a couple options with sustainable supply (low depletion) over the medium term to capitalize on the anticipated price rally needed to spur new investment in supply. Thank you.
Read Answer Asked by Benjamin on August 11, 2021
Q: My TFSA is pretty much the way I want it. But now I'm organizing my non-registered account. First, Is there too much overlap between BAMR and SLF. (if so which one would you prefer). Second, Is there too much overlap between FTS and H (if so which one would you prefer. Could you put all of these in rank order, best fundamentals first. Finally, should I just take equal sized positions in all, even position sizes end up being quite small, like somewhere between 1.5% and 2%. If you think those size positions are too small I will eliminate the last 2 or 3 from your rank ordering. I mainly want the dividends in a set and forget style setup, and I will add to positions as funds come available. Thank you again for excellent insight and advice. I learn an enormous amount from the Q/As daily.
Read Answer Asked by Gordon on August 09, 2021
Q: Hello Peter and 5i team,

Could you please give your opinion on Antero Resources?
Natural gas prices have been stronger than expected yet Antero missed earning estimates by a wide margin. Is it because of hedging or other factors? It is one of the largest producers and could benefit from the natural gas price in the near term.
Where do you see the stock going forward?
Thanks.
Read Answer Asked by Rajiv on August 09, 2021
Q: hi folks, your thoughts on Anaergia acquisition of Rhode Island Bio Energy facility...sounds good for future of Anrg but n/r lacked details of purchase price, etc....& how much it will help the bottom line of Anrg....have small spec position & would U add or wait until first Q results come out?? ...& would you view Anrg similar to Xebec xbc?.... Thanks as always, jb Piedmont
Read Answer Asked by John on August 06, 2021
Q: Hi team,

Where do you speculate the price of oil is going from here, given all the problems with the reopening and of course the tensions in the Middle East.

I think people would rather go back to work by still wearing masks and getting vaccinated and the tensions in the Middle East is more likely to escalate due to proxy wars between Iran and Israel, as well as the likelihood of the Nuclear Deal failing or dragging inconclusively.

If the price is on the rise because of the above, then which of 2 Canadian oil companies you think make the best candidates for a quick trade and why.

I am holding VET for long-term return, and I was thinking of CNQ or CVE for this purpose.

Thanks for your insight! Always! :)
Read Answer Asked by Saeed on August 06, 2021
Q: hello 5i:
We have about a 2% position in ENB. While looking to add to our present position, I did a quick comparison with TRP and PPL. Using P/S, PE, P/CF, P/B, P/FE and Earnings Yield, it appears that PPL is the cheapest when current valuation is compared to 5 year averages. I know that you've recommended ENB as your favourite in this space and am wondering why, assuming my numbers are correct (derived from Morningstar). Can you enlighten me, as I know the future is more important than past metrics? Also, Morningstar has a -2.09 Earnings Yield for PPL. Is this correct and how is that possible?
I am willing to sell ENB and invest in only one of these companies (have held ENB for approximately 12 years, so obviously favour buy and hold).
thanks
Paul L
Read Answer Asked by Paul on August 05, 2021
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