Investment Q&A

Q: Peter; It seems to me that the “ generalists” exited the Canadian energy sector today. Large volume and down. Do you see any overall factor for the decline? Thanks.
Rod

Q: BEPC is down 18.54% and BIPC is down only 7.73% over the past year. This is quite a difference given that they are both utilities. Can you tell me the difference between them in terms of what they invest in, safety, and expected growth? If you were to add to one, which one would it be, if any?
thanks

Q: I have 6000 shares bought around $23.00 of tpz. Div. is $1.20 a year. Key. recently bought major purchase from Plains and upgraded to buy. Dividend is $1.92 a year. Your opinion of both companies please. At current prices would you sell tpz and buy key.?

Q: What do you think of tou. is it a buy now or wait a while. Do you think the future looks good.

Q: hi folks:

what am i missing here?

time and again, when a dividend company comes under pressure (in this case AQN) all the wags talk about 'soaring and unsustainable dividends'

this clip from today:

Yes – Algonquin’s juicy dividend. The drop in share price has caused Algonquin’s dividend to soar. As of the time of writing, the stock is down over 50% year to date, while the dividend yield has swelled to 10.93%.

That’s an insane, if not unsustainable, dividend yield. Even if Algonquin were to slash its dividend in half, it would still offer a very competitive yield, and still one of the better-paying options on the market.


the dividend $ has NOT changed; only the yield as a % of share price has

either the company can support the dividend or it cannot

my point: a dividend is a reflection of the strength of the balance sheet and the companies cashflow

that the price gets knocked in half is irrelevant to the dividend paid

UNLESS said bal/sht and cashflow will no longer support the divy at that amount

(yes, i understand that the current price reflects people's belief that the balance sheet cannot continue this level of dividend)

so, are these type clips just sensationalizing or am i completely wrong?

again.........

thx

happy new year team

Q: Hi, Toumaline stock has come under pressure, over past 2 weeks. Natural Gas prices have also been trending lower for some time, with today's reports about warmer weather forecasts for USA and Europe, through January, 2023. What is your outlook on NG and LNG prices and supply/demand situation, for 2023 and beyond ? Do you believe that despite near term headwinds, stock could continue to outperform and should be part of ownership, in Energy sector ? Thank You

Q: Peter; Every week we see oil inventory has risen or fallen - is there a US LNG storage level also announced- with 200million in the US and likely a pro rata number in Canada in freezing mode- surely the level would be dropping yet NG is up barely .12 cents today. What more could we ask for to support NG stocks ? Spring IS coming when demand will drop- would you be trimming or selling gas stocks? Thank and all the best to you and staff - have a safe,healthy and happy. Holidays. Thanks
Rod

Q: Hi there,

Looking insight on the two oil companies Athabasca and Surge. What is forecast on 2023 on the cash flow. Will 2023 be a positive on both companies with record cash flow, potential buy share pay backs and dividends. What is your rating on the two companies. Thank you.

Q: Hi, What can you tell me about TNZ. Is it a possible investment op?

Q: i own vermilion, cnq, erf, and gear . gear has an 11% yield, no debt, i cant resist.
i want to add one more small to mid cap energy name canadian. i know you like tamarack but it is a weak performer. can you recommend another for growth. dave

Q: The company’s share price has been languishing behind the sector for the last few months. Any particular reasons why? Expectations for 2023? Best of the New Year to all a 5i.

Q: I am picking up oil and gas stocks (with yield). These two stand out. Could tell me how they stand as regards to their book? Which you might prefer? I was thinking of a mix between the two.

Q: My question is, is BEP.UN worth holding at this present time. I am underwater on the stock in a non-registered account, but it does pay an attractive dividend in US dollars. What is the reason that it is dropping in price? In your opinion do you think there will eventually be a price turn around. Thanks … Cal

Q: My question in general is how reasonable is the current valuation for BEP.UN ?

I believe the historic high yield is somewhere around 7%, so we're a long way off from that. I think we're close to 4.9% (?)

P/C seems pretty reasonable now relative to the past, but P/BV is still high compared to the 1.1 low.

How about price/FFO ? I can never find this. What is it currently? I think the low was about 4.6 in the past.

Thanks as always for answering the above, and Merry Christmas to your AWESOME team at 5i.

Q: Hi, I am in the camp that fossil fuel industry will be a place to be in 2023. With that said do you feel it is better to be in a fund such as NNRG or XLE or to be in individual companies either CDN or US? If so, can you give a few with some good dividends that you would recommend to look at. Thanks

Q: Dear 5i,
If I understand correctly, BEPC-TO and BEP.UN-TO are identical companies.
In a perfect world they should trade at the same price and thus offer the same dividend yield. If this is the case, does it matter which one a person should purchase in their registered accounts like a RRSP? (ie would there be any witholding taxes with either one?)

thanks

Q: Can you comment on the long term prospects for this company.
it seems to be in a free fall. Might it be at the point to even buy more?

Q: please give me your view on superior plus acquisition today of Certarus
looks like 50 mln new shares on $1 bln deal, and what would you consider a
good entry point range.
many thanks

Q: I currently own Kelt but wondering if this is a buy or hold as my position is quite small so I was thinking of adding to it to make it the same weight as you have in your growth portfolio ?

Thanks

Q: What is going on with AAV and DVN recently. Both are dropping at a greater rate than other gas & oil stocks. Would you hold or sell? Would there be 2 or 3 others that might be more solid alternates?