Investment Q&A

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

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.

Q: Hi 5I
With respect to PPL could you briefly explain How would one participate in the secondary offering and what are potential ups and downs to be aware of..
thx
jim

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.

Q: I would like your opinion as to what has been driving the price of Energy stocks down ( like CJ who has good fundamentals ) other than the price of oil and gas.
Also why is the price of oil and gas low, when demand seems relatively strong.

Q: Hi, PPL did a secondary offer for 26 million ( plus 15% overallotment option) subscription receipts, to convert to common shares at $42.85 each, to part finance the deal to buy Alliance Pipeline and Aux Sable from Enbridge. Would you recommend to participate in the offering ? Thanks

Q: Do you think renewables are a good buy currently?

Do you like NPI or do you have another recommendation?

Q: At what sustained oil price do things really start to burden TVE?
Seasonal strength in oil is approaching or is it?
Thank you for any insights you can provide.

Q: Hi

It seems that 5I's support of TVE has waned considerably. RBC has defined their forecasts as "underwhelming". With the continuous under performance over the last few quarters, are you still recommending it? I believe it will take a few years for me to get back to the price I paid for it.

Carl

Q: Can you update your thoughts on FRU?

Q: Your thoughts on purchasing LTH as a lithium developer play. Are there others you would prefer in this space?

Q: I have a full position in Tourmaline, and have held it for a few years. I am concerned about it's falling stock price. Is there a compelling reason for this, and should I lighten up on the stock?

Q: As a source of dividends, many Canadian “hydrocarbon energy” companies have a long and positive track record. Today, non-hydrocarbon energy sources have become more economically attractive, are growing quickly through significant investment, are becoming easier to support politically, and continue to improve through ongoing R&D. Against this backdrop of an accelerating shift to lower carbon energy sources…

Which Canadian “hydrocarbon energy” companies do you think are best suited to adjust to this change?

Q: Hi 5i
Re : ohns question today concerning TVE .... "TVE buy sell or hold" it appears that part of the questions was not answered.....
What price would be of interest?

Thx

Q: Hi, Energy sector has been weak for past few months, for a variety of reasons. Oil and NG prices have been drifting lower and OPEC keeps sending mixed signals. US sanctions on Russia have only produced a muted response, with their Oil finding its way to India, China and many other countries. Oil is hovering back to $70 level and still there is no sign of US ready to fill in their SPR. After a strong 2021 and 2022 (and 1st half of 2023), do you think, current weakness could be temporary and it's just a short term breather ? Or, considering the cyclic nature of the sector ( possible recession concerns ) and history, it might be time to take some profits and reduce the sector weight, from your generally suggested 10% to say 5% ? If so, would you trim equally or in any order among these holdings ? Thank You

Q: How would you think about this company, in terms of debt? Too much?

Thanks.

Q: Would appreciate your current opinion on YGR after last report. Thanks

Q: Oil and Gas is approximately 7% of my overall portfolio. Given the recent pullback in Oil and Gas stocks, would you consider this a good time to add to a number of positions? I am looking at adding to CVE, TVE and BTE.

Q: Dear Peter et al:

From many of the articles that I have read, it appears that utilities sector is a safe bet for 2024. The rates are going to be stable and not rising seems to be the consensus.
If you agree with this thesis, what are the companies that do you think can mimic or match the return of an ETF like ZUT/XUT? I don't want to pay the high MER but willing to buy a small basket of stocks and hold them for at least 2-3 years.

Many thanks.

P.S. I have spent an hour browsing through the Q&A section and I "kinda" know what your answer is going to be(!!) but need some "handholding" :)

Q: Unless your opinion has changed over the course of the last few years it appeared back then that USO was your favoured way to play crude, as in the commodity. Anything changed ?

Is there a similar way to play natural gas? I was thinking maybe UNG, but I'm thinking the contract roll-overs make that chart look as bad as it does. Maybe the ticker symbol should be changed to U-G-L-Y.