Investment Q&A

• Pacific Gas & Electric Co. (PCG $15.95)
  • $15.95 P/E (TTM): 14.79X Cap: $42.16B
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• Public Service Enterprise Group Incorporated (PEG $81.11)
  • $81.11 P/E (TTM): 20.52X Cap: $40.07B
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• Cameco Corporation (CCO $146.84)
  • $146.84 P/E (TTM): 121.12X Cap: $64.77B
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• NEMI Northern Energy & Mining Inc. (NNE)
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• BWX Technologies Inc. (BWXT $215.18)
  • $215.18 P/E (TTM): 64.88X Cap: $19.53B
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• Constellation Energy Corporation (CEG $391.63)
  • $391.63 P/E (TTM): 40.18X Cap: $125.40B
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• NuScale Power Corporation Class A (SMR $43.76)
  • $43.76 Cap: $12.29B
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• Oklo Inc. Class A (OKLO $141.89)
  • $141.89 Cap: $21.17B
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Q: hi all:

looking at the total nuclear complex from producers to manufacturing to servicing to repairing.............the whole industry now and into the future

besides the producers (i own cco and nxe) who do you see as potential investable companies over the next 5+ years

(in services, i own bwxt)

more specifically, i'm hearing more that small modular reactors will show good potential for our energy grid, who do you foresee as playing a role in building and servicing?

......and anything else you care to add on this theme!

thank you

Upvote 4

Read Answer Asked by Robert on June 26, 2024

Q: Hello 5i, Could you comment as to why the operators of the Trans Mountain Pipeline would supply tanker loads of Canadian Oil to the US west coast refiners to replace Iraq oil. This oil is heavily discounted. I thought the purpose of the new pipeline was to obtain world price for Canadian oil and reduce the supply of discounted Canadian oil to the US. This new event is quite concerning for Canadian oil producers to achieve world price for there oil.

Upvote 3

Read Answer Asked by Michael on June 26, 2024

• Tourmaline Oil Corp. (TOU $60.63)
  • $60.63 P/E (TTM): 15.3X Cap: $22.55B
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Q: Dear 5i team.

I see TOU has announced the regular divident payable 6/28. I understnad they intend to pay "special" dividends based on results as the FY carries on.(and as they have done in the recent past) What is the timing for these, and when/how do they declare them?

Many thanks for your help.

Upvote 7

Read Answer Asked by Arthur on June 26, 2024

• High Arctic Energy Services Inc. (HWO $0.82)
  • $0.82 Cap: $10M
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Q: would you buy the stock given the news of capital returned and 2 new stocks being issued?

Upvote 1

Read Answer Asked by Gary on June 26, 2024

• Peyto Exploration & Development Corp. (PEY $20.13)
  • $20.13 P/E (TTM): 12.36X Cap: $4.05B
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Q: Good afternoon,

In recent commentary, it was noted that the payout ratio is 30%- the current div is $1.32, eps $1.62(?) - trying to square what seems to be a higher div payout ratio than .30.

Thank you in advance for your help,

Upvote 1

Read Answer Asked by Brad on June 25, 2024

• Tourmaline Oil Corp. (TOU $60.63)
  • $60.63 P/E (TTM): 15.3X Cap: $22.55B
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• Advantage Energy Ltd. (AAV $10.94)
  • $10.94 Cap: $1.86B
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• Birchcliff Energy Ltd. (BIR $6.33)
  • $6.33 P/E (TTM): 22.54X Cap: $1.71B
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Q: Hi 5i Guys,
What is your opinion of selling BIR and replacing it with TOU?
All other suggestions or information would also be appreciated.
Thanks

Upvote 2

Read Answer Asked by Thomas on June 24, 2024

• Suncor Energy Inc. (SU $56.02)
  • $56.02 P/E (TTM): 11.86X Cap: $67.68B
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• Canadian Natural Resources Limited (CNQ $44.98)
  • $44.98 P/E (TTM): 11.09X Cap: $93.63B
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Q: Hi, Oil is steadily trading above $80 and NG is up 75%, from its bottom recently. Summer driving season seems to have already started strong. Both CNQ and SU are still trading, close to their recent lows. Why have Oil/Gas equities failed to respond ?
Any thoughts or concerns ?

Thanks

Upvote 5

Read Answer Asked by rajeev on June 24, 2024

• Brookfield Renewable Partners L.P. (BEP.UN $42.09)
  • $42.09 Cap: $28.16B
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Q: After their surge- seemed be dropping fast- comment ?

Upvote 4

Read Answer Asked by terrance on June 24, 2024

• Advantage Energy Ltd. (AAV $10.94)
  • $10.94 Cap: $1.86B
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Q: Hi folks, thoughts on Advantage Energy aav/t buy of Longshore Resources for $450M....good deal/overpaid???....stock sold off on $11/share finance but Scotia positive on transaction & company (but they participated in finance)....increased their T to $20 & NAVPS a share to $25.45....U like company??.....thanks, jb

Upvote 1

Read Answer Asked by John on June 21, 2024

• Advantage Energy Ltd. (AAV $10.94)
  • $10.94 Cap: $1.86B
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• Headwater Exploration Inc. (HWX $7.47)
  • $7.47 P/E (TTM): 9.37X Cap: $1.74B
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Q: Hi 5i.
I need to sell Headwater Exploration short term. Would like to continue to hold. What would you recommend as a proxy?
Thank you.

Upvote 2

Read Answer Asked by Tulio on June 21, 2024

• iShares Core S&P/TSX Capped Composite Index ETF (XIC $48.26)
  • $48.26 P/E (TTM): 6.15X Cap: $19.61B
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• Vanguard FTSE Developed All Cap ex North America Index ETF (CAD-Hedged) (VI $46.51)
  • $46.51 P/E (TTM): 0.19X Cap: $609M
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• Vanguard S&P 500 Index ETF (VFV $170.20)
  • $170.20 P/E (TTM): 27.07X Cap: $27.61B
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Q: My son has held VFV and XIC in his RRSP account for a few years now. That was based on your recommendation around starting an ETF portfolio for him at that time.
He will have extra cash to contribute this year, and I'm wondering if he should maybe add some other ETF's at this point, or just continue to stick with these 2.
If he should add, what other ETF's would you recommend?
Also, for the 2 he already has, do you still think VFV and XIC are the best choices, or are there other ETF's you like better right now?
Thank you!

Upvote 4

Read Answer Asked by FJ on June 20, 2024

• Canadian Natural Resources Limited (CNQ $44.98)
  • $44.98 P/E (TTM): 11.09X Cap: $93.63B
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Q: Why does the Start Price for CNQ.TO in the INC portfolio equal 104.70? Is this a typo? CNQ was added on May 31 2024 and the highest price on May 31 was 51.761. Thanks

Upvote 1

Read Answer Asked by Hali on June 20, 2024

• Enbridge Inc. (ENB $65.69)
  • $65.69 P/E (TTM): 23.08X Cap: $142.02B
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• AltaGas Ltd. (ALA $40.93)
  • $40.93 P/E (TTM): 16.17X Cap: $12.49B
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Q: I'm considering switching ALA (in an RIF) for ENB.
Your view?

Upvote 8

Read Answer Asked by Valerie on June 20, 2024

• Emera Incorporated (EMA $67.55)
  • $67.55 P/E (TTM): 22.99X Cap: $20.14B
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Q: I have Emera (which is down a lot) in an RIF - and thinking of transferring to a TFSA .
I'm thinking that it will increase as rates come down.
Is this overly optimistic ?

Upvote 4

Read Answer Asked by Valerie on June 20, 2024

• Suncor Energy Inc. (SU $56.02)
  • $56.02 P/E (TTM): 11.86X Cap: $67.68B
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• Enbridge Inc. (ENB $65.69)
  • $65.69 P/E (TTM): 23.08X Cap: $142.02B
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• Canadian Natural Resources Limited (CNQ $44.98)
  • $44.98 P/E (TTM): 11.09X Cap: $93.63B
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• TC Energy Corporation (TRP $70.66)
  • $70.66 P/E (TTM): 17.37X Cap: $73.02B
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• AltaGas Ltd. (ALA $40.93)
  • $40.93 P/E (TTM): 16.17X Cap: $12.49B
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• Tourmaline Oil Corp. (TOU $60.63)
  • $60.63 P/E (TTM): 15.3X Cap: $22.55B
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• Precision Drilling Corporation (PD $82.92)
  • $82.92 P/E (TTM): 12.2X Cap: $1.08B
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• Brookfield Infrastructure Partners L.P. (BIP.UN $47.46)
  • $47.46 P/E (TTM): 1149.01X Cap: $22.08B
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Q: Current overall portfolio weightings in energy and utilities sectors are as follows: ENB 2.5%, ALA 1.5%, TRP 1.5%, SU 1.5%, BIP.UN 1.5%, PD .75%, TOU .75%, CNQ .5%. Please comment on any possible additions, deletions, switches, increased/decreased weightings, considering a long-term (10 year) time horizon and the impending South Bow spinoff involving TRP

Upvote 6

Read Answer Asked by Chris on June 20, 2024

• Brookfield Renewable Corporation Class A Exchangeable Subordinate Voting Shares (BEPC $58.89)
  • $58.89 Cap: $22.62B
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Q: If Trump wins the election in November, he has threatened to write executive orders against development of wind power as well as reduce incentives for all clean energy, wile promoting fossil fuels. You have often liked BEPC for a safe long-term investment (and I own a full position in it). How much will a Trump victory hurt the future growth of BEPC?

Upvote 4

Read Answer Asked by arnold on June 20, 2024

• Enbridge Inc. (ENB $65.69)
  • $65.69 P/E (TTM): 23.08X Cap: $142.02B
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• Pembina Pipeline Corporation (PPL $53.07)
  • $53.07 P/E (TTM): 17.91X Cap: $30.42B
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Q: If only one which would you recommend and why please? Thanks again. Dan

Upvote 6

Read Answer Asked by Danny-boy on June 19, 2024

• NextEra Energy Inc. (NEE $81.88)
  • $81.88 P/E (TTM): 29.22X Cap: $170.27B
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Q: Was just about to step in to my first purchase of NEE when they make a big equity sale announcement at $50? Am I getting that right? The stock trades at $69 today. That seems extreme. The news release is very hard for me to decipher. Can you explain this in layman's terms and whether this is good or bad for today's valuation? Would you step in here or wait for things to settle down?

Upvote 2

Read Answer Asked by Thomas on June 18, 2024

Q: Good Monday Morning,

Just read Gordon Papes article in the Globe regarding oil demand.

What is your general take on the article?

I do not hold any producer stocks but lots of infrastructure equities - for income - ENB, PPL, KEY,, etc.

Should I be concerned and making changes?

Thanks very much.

Upvote 9

Read Answer Asked by Dave on June 17, 2024

Q: Following up on my recent question on AI energy consumption issue. Could this be an issue for the development of the AI sector at some point in the future?
Thank you

Upvote 5

Read Answer Asked by Ahmed on June 17, 2024