Investment Q&A

• Suncor Energy Inc. (SU $78.06)
  • $78.06 P/E (TTM): 15.88X Cap: $91.62B
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• Enbridge Inc. (ENB $73.30)
  • $73.30 P/E (TTM): 28.1X Cap: $160.31B
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• Imperial Oil Limited (IMO $162.53)
  • $162.53 P/E (TTM): 20.54X Cap: $77.67B
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• Canadian Natural Resources Limited (CNQ $62.77)
  • $62.77 P/E (TTM): 19.86X Cap: $131.33B
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• Cenovus Energy Inc. (CVE $31.00)
  • $31.00 P/E (TTM): 14.32X Cap: $57.98B
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• ARC Resources Ltd. (ARX $26.69)
  • $26.69 P/E (TTM): 6.5X Cap: $14.97B
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• Peyto Exploration & Development Corp. (PEY $26.92)
  • $26.92 P/E (TTM): 15.01X Cap: $5.55B
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• Tourmaline Oil Corp. (TOU $63.60)
  • $63.60 P/E (TTM): 88.01X Cap: $24.53B
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• Parex Resources Inc. (PXT $23.09)
  • $23.09 P/E (TTM): 6.51X Cap: $2.22B
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• Birchcliff Energy Ltd. (BIR $6.98)
  • $6.98 P/E (TTM): 26.07X Cap: $1.92B
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Q: Thank you for your prompt and your customary excellent answer to my earlier question!

Q: 1. May I then request you to give me a concentrated collection of small/midcaps energy stocks that you think will be comparable to an ETF? say ZJO?

Q 2: Big and mid to big caps that are comparable to XEG?

I will leave the number of stock selection to your discretion.

Many thanks.

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Read Answer Asked by Savalai on November 09, 2021

• Spartan Delta Corp. (SDE $10.51)
  • $10.51 P/E (TTM): 31.53X Cap: $2.14B
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Q: I would appreciate your comments on the 3rd q numbers. They seem quite impressive but I don't have access to reports that indicate what analysts were expecting in cash flow. They seem to have beat earnings by a wide margin.

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Read Answer Asked by Murray on November 09, 2021

• Enbridge Inc. (ENB $73.30)
  • $73.30 P/E (TTM): 28.1X Cap: $160.31B
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• Canadian Utilities Limited Class A Non-Voting Shares (CU $47.81)
  • $47.81 P/E (TTM): 127.08X Cap: $13.14B
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Q: Is it an overkill to own both CU and ENB for the purposes of diversification, or are there sufficient distinction between the two businesses?

If the focus is on a steady growing income, and some growth, which would be your pick today? Thank you

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Read Answer Asked by ANDY on November 09, 2021

Q: Peter; Any reason natural gas is off about .45cents this am ? Thanks. Rod

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Read Answer Asked by Rodney on November 09, 2021

• Headwater Exploration Inc. (HWX $12.25)
  • $12.25 P/E (TTM): 16.84X Cap: $2.92B
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Q: Hi 5i
I have been unsuccessful in my search to find the release date for HWX 3rd Qtr results. Are you able to provide it? Thanks

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Read Answer Asked by Gordon on November 09, 2021

• Vermilion Energy Inc. (VET $15.48)
  • $15.48 Cap: $2.35B
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Q: Vermillion has been quite a bit higher in the past years. Now with oil around $80, although the stock is up it is not getting back to where it was a few years ago. Is it company specific issues like maybe debt or does the market not trust oil staying at $80? Any thoughts on this would be appreciated. Thank you.

Mike

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Read Answer Asked by Mike on November 09, 2021

• BMO Junior Oil Index ETF CAD units (ZJO $21.98)
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• iShares S&P/TSX Capped Energy Index ETF (XEG $24.26)
  • $24.26 P/E (TTM): 12.58X Cap: $1.98B
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Q: Hi Peter and team:
This is both a macro and micro question. Energy sector is hot and when I see you are tweeting a response to Eric Nuttal's exuberance, then I know I have to take notice!

When you gaze into your crystal ball, :) how much more upside do you see in the energy sector? Assuming energy has a ways to go yet, do you think it is going to be propelled by large caps or mid/small caps? Is it easy to play this rally via XEG or ZJO?
Or read your Q&A and buy an assortment of large and mid/small caps? I know you have consistently favored U/ENB for example.
Many thanks.

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Read Answer Asked by Savalai on November 09, 2021

• Enbridge Inc. (ENB $73.30)
  • $73.30 P/E (TTM): 28.1X Cap: $160.31B
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Q: Hi, Biden made some comments at climate accord about revisiting Line 5 decision which apparently resulted in weakness in ENB’s share price. I thought Line 5 had been put to bed. Could you please provide some context as to potential seriousness to ENB. Thanks.

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Read Answer Asked by Gary on November 09, 2021

• MEG Energy Corp. (MEG $30.89)
  • $30.89 P/E (TTM): 6.87X Cap: $7.85B
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Q: Can you please comment on earnings

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Read Answer Asked by Patrick on November 09, 2021

Q: Peter; How does one know when the “ generalists “ sector are buying the oil and gas sector? Thanks. Rod

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Read Answer Asked by Rodney on November 09, 2021

• AltaGas Ltd. (ALA $47.78)
  • $47.78 P/E (TTM): 18.37X Cap: $13.86B
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• Algonquin Power & Utilities Corp. (AQN $8.40)
  • $8.40 Cap: $6.41B
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Q: Hi guys

Wondering for a 5+ year hold would you buy Algonquin or Altagas for a secure and steady dividend plus some growth? Do you feel one company has better leadership?

Much thanks

Stuart

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Read Answer Asked by Stuart on November 08, 2021

• Canacol Energy Ltd. (CNE $1.53)
  • $1.53 Cap: $52M
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Q: Hi team,
Regarding the last question on Canacol,the shares seemed to be "breaking out" but over the last week and a half and after their not so strong quarterly report what are your thoughts CNE going forward and would this be a good long term buying opportunity?
Many thanks,
Jean

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Read Answer Asked by Jean on November 08, 2021

• Tamarack Valley Energy Ltd. (TVE $10.32)
  • $10.32 Cap: $4.92B
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• Yangarra Resources Ltd. (YGR $1.12)
  • $1.12 P/E (TTM): 6.33X Cap: $120M
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Q: Would like to know your thoughts on Yangara's most recent quarter. Is there another company in the same sector you would prefer?
thanks
Don

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Read Answer Asked by Don on November 08, 2021

• Surge Energy Inc. (SGY $8.24)
  • $8.24 P/E (TTM): 21.36X Cap: $823M
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Q: What is your take on the quarterly results for Surge Energy (SGY) released earlier this week? The market didn’t seem too keen on it as the price dropped below 5.00/sh.

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Read Answer Asked by Robert on November 08, 2021

• Enerflex Ltd. (EFX $29.81)
  • $29.81 P/E (TTM): 42.5X Cap: $3.58B
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Q: This company's SP took a big dive in the last earnings release but increased its dividends. Is EFX oversold? Would it be a candidate for a quick rebound in the short term? Thanks.

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Read Answer Asked by Victor on November 08, 2021

• Enerflex Ltd. (EFX $29.81)
  • $29.81 P/E (TTM): 42.5X Cap: $3.58B
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Q: Comments on the recent quarter,the market sure did not like it,it was a recent Motley Fool pick, do you think this drop represents a good entry point for a 3% 2 -3 year hold
Thanks

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Read Answer Asked by Greg on November 08, 2021

• Algonquin Power & Utilities Corp. (AQN $8.40)
  • $8.40 Cap: $6.41B
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Q: Is there latest acqusition of a coal power plant in Kentucky, though it does plan greening hurt the stock along with some dilution with share offering.Just doesn't seem to get traction.

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Read Answer Asked by terrance on November 08, 2021

• TC Energy Corporation (TRP $86.06)
  • $86.06 P/E (TTM): 26.89X Cap: $86.59B
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Q: What's your current view on TC Energy? Why the decline today as it met analyst expectations? Would you suggest a swap to increase holdings in for ENB and/or CNQ?

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Read Answer Asked by Gerry on November 08, 2021

• Brookfield Infrastructure Partners L.P. (BIP.UN $49.95)
  • $49.95 P/E (TTM): 101.85X Cap: $23.59B
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• Brookfield Infrastructure Corporation Class A Exchangeable Subordinate Voting Shares (BIPC $62.75)
  • $62.75 Cap: $8.34B
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Q: Can you explain the difference between BIPC and BIP ? Of the two which would you prefer for a long-term investment.Many thanks,Joseph.

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Read Answer Asked by Joseph on November 08, 2021

• Brookfield Renewable Partners L.P. (BEP.UN $40.81)
  • $40.81 Cap: $27.99B
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• Algonquin Power & Utilities Corp. (AQN $8.40)
  • $8.40 Cap: $6.41B
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• Northland Power Inc. (NPI $21.21)
  • $21.21 Cap: $5.55B
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• Innergex Renewable Energy Inc. (INE $13.74)
  • $13.74 P/E (TTM): 72.32X Cap: $2.79B
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• TransAlta Renewables Inc. (RNW $12.48)
  • $12.48 P/E (TTM): 45.91X
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• Boralex Inc. Class A Shares (BLX $27.26)
  • $27.26 Cap: $2.77B
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Q: If you were to rate the above renewable energy stocks (including the ones you're aware of but not listed above) for yield+growth potential what would be your order of ranking? Thanks.

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Read Answer Asked by Victor on November 05, 2021