Q: With the tragedy of the Russia-Ukraine war breaking out and the sanctions put in place, do you think the Canadian blue-chip energy co's such as IPL are facing headwinds or tailwinds right now? Wondering if this is a time to take profits or consider riding with Canada energy looking like a desirable alternative these days. Thanks
5i Research Answer:
Likely tailwinds. In addition to the sentiment impact of higher oil prices, anada may finally realize that restricting pipelines is a bit of a recipe for trouble if other transportation modes are impaired (i.e Europe right now). Thus, sentiment towards pipelines may improve somewhat.