Q: Sorry for the " subquestions" but all are related to the same stock + the same % of energy investments..What is the best option in my RRSP ? 1) sell now 2) wait for the Shell acquisition and then : a) keep the cash + Shell stocks or b) Sell Shell stocks in order to buy an equivalent US large oil Cie for nontaxable dividends ( XOM ? etc..).
5i Research Answer:
We would be comfortable owning Shell, and would be fine tendering to the deal to get Shell shares and cash. Regardless, because there is still 4% value on the deal to close, we are willing to hold ARX for now, just in case a third party emerges in the deal. A final decision can be made prior to the shareholder vote in several months.