Investment Q&A

Q: Can you explain the details of the TRP spinoff that is planned for the second half of 2024 please? I invested in TRP for the dividend income. What do you recommend I do after the spinoff is completed knowing dividend income is the highest priority when investing in this company?

Q: I am thinking about taking a full position in either Altagas or Keyera. Could you please provide your thoughts on both companies.

Thanks

David

Q: For a 3 to 5 year hold and safety of dividend, which is the safer stock CPX OR H.

Q: Stock seems particularly weak compared to other Cdn. midcap oils. Any comments. Thanks.

Q: I hold both Peyto and Arc Res. I feel it would be prudent to only hold one of these. Peyto yields 10.2% vs. Arc at 3.3%, Pey more oil, Arc primarily gas, PE ratios are nearly identical at 6.8. LTD levels are similar considering the size of the companies.
I also hold PXT which I could sell and invest the money in these 2 names. Any thoughts? Thanks

Q: In your opinion, is it worth holding on to AQN for the potential benefits of it's renewable business sale/split (and whatever other news follows), or sell now and invest in to companies with more proven management and stability e.g. I'd be putting the proceeds mainly in to BNS and TD.

Q: This stock has struggled compared to its large cap competitors such as CNQ and SU. I have a position which is underwater and in your opinion is it a buy, sell or hold. Thanks. Rick

Q: hi folks:

why do you suppose whitecap is around 2 year lows?

seems like most 'in the know' favour it as a well run, solid energy co

comments?

thanks

Q: It has been a long while since I have owned Birchcliff Energy (BIR) and I was shocked to see it trading for less tham $6. The dividend yield is nearly 14 per cent. I understand that at 2.50 natural gas pricing that BIR has to use leverage to maintain the 20 cent per quarter dividend. I remember about a year ago BIR was debt free so I don't image their debt is that high. I also remember Jeff Tonkin saying that the dividend was almost sacrosanct. So I few questions. Is Tonkin still the COE or has he retired or stepped up to be on the BOD? Is the debt level of BIR still low? At 2.50 gas (I know BIR never used to hedge so I assume they are gettting spot pricing) how much debt per quarter must BIR use in order to maintain the current dividend and spend enough to keep production flat? Do you think they will resize, that is, cut the dividend? And if they cut do you thin they would do an NCIB and start to buy back the shares from their depressed levels?

Q: Hello 5i Team

Could you please review the three listed US Oil & Gas midstream companies which are not MLPs?

Please rank in order which would be the best company(s) for allocation of capital.

Are there any other US C-Corporation midstream companies which I should be reviewing?

These would be held in a US dollar denominated RRSP account for long term growth and income.

Thank you

Q: Would you be a buyer of TVE today?

Thanks

Q: Which would be your preference in a US RRIF , Chesapeake Energy or Sunoco?
Thank you

Q: What energy company would you suggest at today's value- YGR, MEG or another name?

Don

Q: Can you provide an updated outlook for this name.Also do you know the percentage os shares held by insiders.What do you think of its current valuation?

Q: Pays big Dividend and price continues down. Should we bail or will someone buy them out and save us. Down about 40%.

Q: If things get worse in the Middle East and Oil goes up $ 40.00 to $ 120.00 a barrel what are best 5 Canadian Oil Companies to BUY

I own ATH and it performs well. What do you think of ATH ?

Let me know your top 5 under these circumstances or global ?

I agree with Mark Twain all months are difficult

bob

RAK

Q: I've held both companies from time-to-time and am interested in STEP at current prices. SHLE seems a bit more volatile (good and bad).

How would you rate them?

I'm assuming that as long as the producers are maintaining or increasing production, these companies have potential.

Q: I hold the following energy stocks: BIR, CNQ, CPG ,PPL, SU, TOU, TVE AND WCP.
It represents 12.2% of my portfolio. Is this a fair portion. too high , too low??
If to high what would you suggest to sell. Could you also rate these as for sustainability and return going forward.

Thanks in advance.

Q: I have a considerable loss in BEP.UN. I am considering selling it to harvest the loss. However, I am concerned that the stock might jump in early 2024 leaving me to 'chase' it to repurchase it. Do you see any catalyst that might trigger a surge in price during my 30 day wait period?
With appreciation,
Ed

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.