Investment Q&A

Q: HELLO PETER AND COLLEAGUES,

Five years ago I was willed a (small) number of shares in Suncor, which seems to have gone through some ups and downs the last few years (more downs than ups when it comes to CEO's replacements and other issues...) but seems to have stabilized somehow lately. Notwithstanding, do you consider CNQ a better run corp with a better chance of success, and should I, for the intermediate time when owning shares in an old fashion energy business still makes some sense, switch my SU position to an equivalent CNQ one? Thank you.

Q: I was thinking about rounding out my materials sector for income and was disappointed about the special dividend offered compared to last year. Are they shorter on free cash this year?
Also where do you see natural gas prices going in 2024 as this of course will be tied to their profits and hence share price?
Do you have any other suggestions with a decent dividend other then AEM and LIF?
Thanks
Jeff

Q: I know it's not exactly apples to apples, but would you view a swap from AQN to CNQ is a likely net positive 1/5/10 years out? This is for the 'stable' part of my portfolio - some growth but dividends and overall steadiness. Could also consider ENB or FTS (already own BIP). . Thanks in advance. - Jeff

Q: I’m trying to form a kind of hybrid of the Hodson and the Buffet approach to investing. Hodson: balanced portfolio. Buffet: a few excellent companies. So I would form a fairly balanced portfolio but be overweight considerably in a few.

Buffet says you are buying a piece of a business; you are not buying a stock. He and Munger don’t care about the stock market. They both say you don’t need very many stocks, no more than 5 or 6. They also say their approach is not for the average person, who usually doesn’t know how to value a business and should just stick to EFFs. Their approach is for someone who knows how to analyze and value a business. Peter Hodson and 5i do know how to analyze and value a business. (And in answers to questions 5i has also said several times that the way to build wealth is to own a small concentrated portfolio.)

On the other hand, 5i is all about building and rebalancing a diversified portfolio, covering all, or almost all, sectors. This approach is more concentrated than an ETF, but not as concentrated as a Buffet/Munger small set of quality companies. I don’t know anything about Sees Candy, Geiko, or Coke. But they certainly do.

If Buffet/Munger were looking only at Canadian companies, which few would they want to own? Any size, any sector. Just outstanding businesses.

Q: What did you think of their earnings?

Q: Is it worth selling a half position in suncor and buying canadian natural resources ? There will be no tax consequences just trading costs.

Q: With the prices of some oil stocks down significantly in the past 6 months, do you think that some of the larger companies (SU, CNQ, etc) would want to take over some of the smaller players at a nice discount? A bit speculative, but can you identify some of the smaller takeover candidates?

Q: Two questions:

(1) If you could only own one of CNQ or SU, which would you choose, and why?
(2) If both CNQ and SU could be owned, in equal amounts, are their profiles and metrics such that diversification would be enhanced?
Thanks as always for your insight.

Q: HI team: re CNQ
with the recent pull back , is it due to the whole energy sector as a whole?
what would be a decent entry price to add to my 1/2 position already owned?
thanks
Michael

Q: Looking for top 5 dividend stocks ( with good dividend growth ) from overall return perspective. 5 US and 5 Canadian. Thanks

Q: In regards to the comment of the energy sector being very very cheap.
If you had zero exposure to the energy sector, and only cared about total return and growth.
What would be your 4 top picks to research?

Q: Kindly rank the following securities for a buy at current levels. Thank you.

Q: I own these energy stocks and some are on the plus side and others are on the losing side. I've been waiting for quite some time for the Chinese economy to take off, but it seems to go nowhere ? I would like to trim some of my holdings. Please place them in order of what you would keep down to some you would let go. Maybe you could code them as 10 being the best and 1 as being the worst. Thanks.

Q: Would appreciate your top heavy oil producers in Canada and rank the best buy for long term hold. I have listed a few above . Thank you

Q: Good afternoon,

The Globe and Mail reported that the Trans Mountain pipeline is scheduled to start in Feb 25.

Although the news of the opening is already baked into the market, are there any undervalued energy stocks that you could recommend as a good addition to the energy sector of a well diversified portfolio that may well benefit from the opening of the Trans Mountain pipeline in the next few years?

Tank you and I'll await your recommendations.

Q: Hey Guys,

- I'm trying to help out a family member that is 67 years old, that is not financially literate, has no investments, no savings...
- He will be receiving approx $ 80k in an inheritance in the next 6 months...

- He Already blew through a previous inheritance of over $100k in about 3 years

- I am setting up a TFSA Investment/Trading account for him and doing a Financial Intervention , So To Speak to get him Back on track...

- His minimum basic expenses like rent is covered by payments he receives..., But additional living expenses and extra income is what I want to help him with and extend the life of the extra inheritance he will be receiving...

- The listed stocks are the ones I am planning on recommending for him to look at and research...

- Please comment and suggest other stocks and investment ideas to consider for:
- Considering His Age and Small investment of $60k

-Looking for:
- Somewhat Safe/Bit Aggressive Growth
- Preservation of Capital
- Income

***Not looking for total financial planning here, But I'm Looking for Ideas to look at and suggest in this type of scenario...
- You Suggest, I Research further and my relative decides...

Thanks

Q: thinking of bottom fishing energy with bias to natgas , which producers
would you consider most undervalued.
thanks

Q: Looking to increase exposure to energy in TFSA by either adding to SU (2.7% to 5%) or take-up new position in either CNQ or TOU. Growth and income is the goal over 2-3 year hold. How would you guys proceed?

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: 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