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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: According to Graham's The Intelligent Investor one way to make money is to buy companies selling for less than book value. In previous responses 5i has said that book value can be somewhat tricky because while some companies have measurable hard assets others have a large amount of goodwill which is somewhat intangible and difficult to measure. I see that BIR now has a price to book value ratio of .69 suggesting that an investor can buy one dollar's worth of the company for 69 cents. I have two questions. First, is BIR one of those companies with measurable hard assets that are now underpriced? Second, is the massive dividend sustainable?

Thanks as always for your expertise and Merry Christmas to everyone at 5i.
Read Answer Asked by Richard on December 21, 2023
Q: Hi, my question is about the oil and gas sector which I always had a generous amount in this sector ( 10% or more) because I live in oil country.
And have done quite well.
I’m thinking of taking it down to 4-5% because of the headache the sector is having with government and environmental concerns of the people.
My thoughts are the growth going forward is just not there and will be stagnant at best .
Do you agree ? Or ‘em I way too early in my thinking. Thanks
Read Answer Asked by Brad on December 21, 2023
Q: I held AQN in two separate accounts for over a year, I sold AQN in the account that had the largest position (80%) and I've hung on to AQN in the other account.

I thought of replacing AQN with NPI to maintain my sector exposure, I've yet to make that purchase.....why???? I've been side tracked with the idea of buying BEP.... Can you folks please wade in, would appreciate some of your thoughts and rationale.

Happy Holidays to the staff and readers
Read Answer Asked by jeff on December 20, 2023
Q: Hello,

Can you rank CNQ, SU and Toumaline in order of preference for overall returns? If owning only one which would be your choice? Is the recent pullback in prices a good opportunity to buy into the sector or should a person stay on the sidelines for a bit to see how the economy slows in the next half year? This is for a new account so no position yet. Income with some growth preferred. Please take credits as needed. Thank you! Great service.
Read Answer Asked by Harry on December 20, 2023
Q: To what extent is the comparatively higher sell off in Canadian oil & gas producers attributed to Guilbault's promise to cap our Canadian production as a green initiative. How serious is this recent Trudeau government threat coming out of COP28 in Dubai? I hold TOU and CNQ but it is an energy general question.
Read Answer Asked by Keith on December 18, 2023
Q: in your answer to the question about this company you gave the stock symbol as AXL. can't find the company under this symbol. can you clarify company looks interesting thanks Richard
Read Answer Asked by richard on December 15, 2023
Q: IMO Recently completed a $1.5 Billion Substantial Issuer Bid,(Fancy name for share repurchase)buying roughly 19 million shares at $78.50.Can you explain to me other than improving their EPS and not having to $38 million in dividends a year going forward how this is good stewardship of $1.5 Billion and can you tell me question number 2-What happens to these shares are they simply “retired”so in other they just vanish from circulation never to be seen again and $1.5 Billion also retired. Thanks and Merry Christmas
Read Answer Asked by Greg on December 15, 2023
Q: A question for the 5i team on a small cap oil/gas explorer/producer Arrox Exploration. I just started a small position based on my own research and would as always appreciate your input.
Read Answer Asked by Robert on December 14, 2023
Q: I wish to make my holdings in the energy sector more resilient to market turmoil and retain those holdings that have strong economic fundamentals plus pay a reasonable dividend. Can you recommend any that represent a good entry at this time.
Read Answer Asked by Denis on December 14, 2023
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