Investment Q&A

• Tourmaline Oil Corp. (TOU $57.62)
  • $57.62 P/E (TTM): 14.35X Cap: $21.50B
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Q: Hi 5i,
A question regarding TOU:
I've reviewed its website - very impressive and informative by the way! - and can't find any indication that TOU intends to send gas to the Canadian west coast for export as LNG. All gas it markets for LNG export seems to go through the US to the east coast or the Gulf.
I'm wondering if I understand this correctly and, if so, why wouldn't TOU take advantage of west coast LNG facilities in Canada and is it missing out by not doing so? (I know the TOU management is very smart so if they don't send gas to our west coast there's no doubt good reason - but I don't know what it might be ...).
Thanks for any insight you're able to provide.
Peter

Upvote 10

Read Answer Asked by Peter on January 09, 2024

• TC Energy Corporation (TRP $70.40)
  • $70.40 P/E (TTM): 17.55X Cap: $73.58B
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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?

Upvote 9

Read Answer Asked by Robert on January 08, 2024

• AltaGas Ltd. (ALA $41.45)
  • $41.45 P/E (TTM): 16.07X Cap: $12.61B
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• Keyera Corp. (KEY $45.38)
  • $45.38 P/E (TTM): 19.01X Cap: $10.41B
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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

Upvote 8

Read Answer Asked by david on January 08, 2024

• Capital Power Corporation (CPX $58.57)
  • $58.57 P/E (TTM): 18.5X Cap: $9.14B
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• Hydro One Limited (H $50.57)
  • $50.57 P/E (TTM): 24.45X Cap: $30.37B
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Q: For a 3 to 5 year hold and safety of dividend, which is the safer stock CPX OR H.

Upvote 2

Read Answer Asked by nick on January 08, 2024

• Enerplus Corporation (ERF $26.78)
  • $26.78 P/E (TTM): 10.81X Cap: $5.44B
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Q: Stock seems particularly weak compared to other Cdn. midcap oils. Any comments. Thanks.

Upvote 1

Read Answer Asked by Jerry on January 08, 2024

• Starbucks Corporation (SBUX $85.81)
  • $85.81 P/E (TTM): 38.17X Cap: $100.46B
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• JPMorgan Chase & Co. (JPM $294.90)
  • $294.90 P/E (TTM): 14.3X Cap: $814.58B
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• Williams Companies Inc. (The) (WMB $56.83)
  • $56.83 P/E (TTM): 29.19X Cap: $69.69B
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• Kimbell Royalty Partners Representing Limited Partner Interests (KRP $13.93)
  • $13.93 Cap: $1.50B
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Q: Good morning 5i team. I am interested in your opinion of KRP being held in a US rrsp. In reading your last response the withholding tax seemed to override your recommendation. Second question is under the present market conditions with 1 year to a lif conversion I have been bolstering interest yielding investment with a potential for capital gain. Could you recommend 3 Cdn and 3 US stocks or etf's with high dividends that have good earnings outlooks, valuation and perhaps some growth.

Upvote 3

Read Answer Asked by Robert on January 08, 2024

• BCE Inc. (BCE $34.98)
  • $34.98 P/E (TTM): 77.65X Cap: $32.86B
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• Enbridge Inc. (ENB $66.01)
  • $66.01 P/E (TTM): 23.44X Cap: $144.66B
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• Manulife Financial Corporation (MFC $41.67)
  • $41.67 P/E (TTM): 13.21X Cap: $72.17B
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• Fortis Inc. (FTS $69.59)
  • $69.59 P/E (TTM): 20.77X Cap: $35.27B
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• Emera Incorporated (EMA $65.95)
  • $65.95 P/E (TTM): 22.72X Cap: $19.85B
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• Hydro One Limited (H $50.57)
  • $50.57 P/E (TTM): 24.45X Cap: $30.37B
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Q: Hi Team,
could you rate these companies for a 3-5 years horizon considering I am looking for income and capital preservation but a bit of capital growth would also be good...

Thank you

Michel

Upvote 22

Read Answer Asked by Michel on January 08, 2024

• Altria Group Inc. (MO $67.05)
  • $67.05 P/E (TTM): 13.1X Cap: $113.67B
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Q: Good Morning,

I have held MO for a couple of years now and am down 20%. It pays a good dividend. Is the income relatively safe and secure? Will the price rebound and possibly grow?
Your thoughts would be most appreciated.

Upvote 2

Read Answer Asked by Dave on January 08, 2024

• Enbridge Inc. (ENB $66.01)
  • $66.01 P/E (TTM): 23.44X Cap: $144.66B
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• Fortis Inc. (FTS $69.59)
  • $69.59 P/E (TTM): 20.77X Cap: $35.27B
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• TMX Group Limited (X $54.97)
  • $54.97 P/E (TTM): 36.82X Cap: $15.55B
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• Toromont Industries Ltd. (TIH $143.36)
  • $143.36 P/E (TTM): 24.15X Cap: $11.75B
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• Hammond Power Solutions Inc. Class A Subordinate Voting Shares (HPS.A $118.09)
  • $118.09 P/E (TTM): 17.56X Cap: $1.42B
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Q: Looking to invest my TFSA contribution. Can you give me your top 5 Canadian dividend growth stocks at the moment.

Upvote 15

Read Answer Asked by Joe on January 08, 2024

• British American Tobacco p.l.c. (BTI $57.80)
  • $57.80 P/E (TTM): 32.3X Cap: $127.89B
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Q: Is this a good entry point to buy BTI? Is the dividend safe? In which account should I hold the stock to maximize after-tax return? cash, Tfsa, rrsp in cdn or us$

Thank you

Upvote 3

Read Answer Asked by David on January 08, 2024

• ARC Resources Ltd. (ARX $26.54)
  • $26.54 P/E (TTM): 6.39X Cap: $15.73B
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• Peyto Exploration & Development Corp. (PEY $18.79)
  • $18.79 P/E (TTM): 11.47X Cap: $3.80B
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• Parex Resources Inc. (PXT $17.43)
  • $17.43 P/E (TTM): 9.45X Cap: $1.66B
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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

Upvote 1

Read Answer Asked by lance on January 08, 2024

• Toronto-Dominion Bank (The) (TD $102.28)
  • $102.28 P/E (TTM): 10.49X Cap: $177.20B
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• Bank of Nova Scotia (The) (BNS $79.53)
  • $79.53 P/E (TTM): 16.5X Cap: $99.27B
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• Enbridge Inc. (ENB $66.01)
  • $66.01 P/E (TTM): 23.44X Cap: $144.66B
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• Brookfield Renewable Partners L.P. (BEP.UN $34.85)
  • $34.85 Cap: $23.13B
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• Algonquin Power & Utilities Corp. (AQN $8.02)
  • $8.02 Cap: $6.17B
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• North West Company Inc. (The) (NWC $50.34)
  • $50.34 P/E (TTM): 18.25X Cap: $2.42B
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• Premium Brands Holdings Corporation (PBH $95.27)
  • $95.27 P/E (TTM): 45.95X Cap: $4.27B
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• Hydro One Limited (H $50.57)
  • $50.57 P/E (TTM): 24.45X Cap: $30.37B
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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.

Upvote 9

Read Answer Asked by Jeff on January 08, 2024

• Suncor Energy Inc. (SU $55.96)
  • $55.96 P/E (TTM): 11.65X Cap: $67.06B
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• Canadian Natural Resources Limited (CNQ $43.03)
  • $43.03 P/E (TTM): 10.64X Cap: $89.96B
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• Whitecap Resources Inc. (WCP $10.18)
  • $10.18 P/E (TTM): 6.88X Cap: $12.56B
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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

Upvote 3

Read Answer Asked by Rick on January 08, 2024

• Bank of Montreal (BMO $157.78)
  • $157.78 P/E (TTM): 13.88X Cap: $114.57B
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Q: Good morning,

Noticed BMO p/e meaningfully higher than other Cdn banks at 23x- is this accurate and if so can you please illuminate me as to why?

Thank you

Upvote 2

Read Answer Asked by Brad on January 05, 2024

• Finning International Inc. (FTT $56.20)
  • $56.20 P/E (TTM): 12.03X Cap: $7.52B
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• Toromont Industries Ltd. (TIH $143.36)
  • $143.36 P/E (TTM): 24.15X Cap: $11.75B
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Q: Could I please get you thoughts on Finning

Upvote 3

Read Answer Asked by Tony on January 05, 2024

• Dollarama Inc. (DOL $193.05)
  • $193.05 P/E (TTM): 44.98X Cap: $53.60B
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• North West Company Inc. (The) (NWC $50.34)
  • $50.34 P/E (TTM): 18.25X Cap: $2.42B
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• Alimentation Couche-Tard Inc. (ATD $69.60)
  • $69.60 P/E (TTM): 18.77X Cap: $66.08B
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• Leon's Furniture Limited (LNF $30.46)
  • $30.46 P/E (TTM): 12.83X Cap: $2.08B
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Q: I don't have any retaill type stocks in my RRSP. This would be for a mid to long term period. Looking for capital appreciation with possibily reasonable dividend gains. Any suggestions?

Upvote 6

Read Answer Asked by Jacques on January 04, 2024

• Dollarama Inc. (DOL $193.05)
  • $193.05 P/E (TTM): 44.98X Cap: $53.60B
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• Tourmaline Oil Corp. (TOU $57.62)
  • $57.62 P/E (TTM): 14.35X Cap: $21.50B
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• Premium Brands Holdings Corporation (PBH $95.27)
  • $95.27 P/E (TTM): 45.95X Cap: $4.27B
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• iShares Global Healthcare Index ETF (CAD-Hedged) (XHC $63.70)
  • $63.70 P/E (TTM): 75.18X Cap: $481M
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• EQB Inc. (EQB $100.00)
  • $100.00 P/E (TTM): 10.23X Cap: $3.88B
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• Lumine Group Inc. (LMN $47.41)
  • $47.41 P/E (TTM): 176.19X Cap: $12.50B
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Q: Hi group Happy new year to all. Can yo give me your top picks (stocks or etfs) in the following sectors and a brief comment + good entry price pays Strong dividend US or CAD

Financials - I Own GSY TD, FFH, BN, BAM

Energy - I own ARC, ENB, F, NRGI

Healthcare - BIO TECH - I have no exposure but like CVS at present levels

Consumer staples - L, WMT, Cost,

Tech- QQQ, Apple, MSFT, AMZ, GOOG

Consumer discretionary - QSR,ATD,MCDS, ATZ

Upvote 17

Read Answer Asked by Terence on January 04, 2024

• Brookfield Renewable Partners L.P. (BEP.UN $34.85)
  • $34.85 Cap: $23.13B
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• Brookfield Renewable Corporation Class A Exchangeable Subordinate Voting Shares (BEPC $46.46)
  • $46.46 Cap: $17.69B
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Q: Hi 5i,
In a RRSP account, is it better to have BEP.UN:CA or BEPC:CA?
Thanks.

Upvote 2

Read Answer Asked by Brian on January 04, 2024

• Fortis Inc. (FTS $69.59)
  • $69.59 P/E (TTM): 20.77X Cap: $35.27B
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• Capital Power Corporation (CPX $58.57)
  • $58.57 P/E (TTM): 18.5X Cap: $9.14B
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Q: I am considering swamping Fortis out for Capital Power for higher overall return in the intermediate term (3 to 5 years). Thoughts?

Upvote 7

Read Answer Asked by Gerry on January 04, 2024

• Enbridge Inc. (ENB $66.01)
  • $66.01 P/E (TTM): 23.44X Cap: $144.66B
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• Sun Life Financial Inc. (SLF $80.51)
  • $80.51 P/E (TTM): 14.93X Cap: $46.31B
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• Brookfield Renewable Partners L.P. (BEP.UN $34.85)
  • $34.85 Cap: $23.13B
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• North West Company Inc. (The) (NWC $50.34)
  • $50.34 P/E (TTM): 18.25X Cap: $2.42B
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• Dream Industrial Real Estate Investment Trust (DIR.UN $12.27)
  • $12.27 P/E (TTM): 25.54X Cap: $3.62B
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• Brookfield Asset Management Ltd. Class A Limited Voting Shares (BAM $83.33)
  • $83.33 P/E (TTM): 40.67X Cap: $136.25B
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Q: Thinkinf of swaping out Sunlife now in a hopefully falling rate environment for a stock with more overall growth potential, but still a dividend over 4%. Please provide a few names for a dividend focused retirement portfolio that also bring strong overall return potential. Or, thoughts on whether Sun Life is still a stock to own in this situation.

Upvote 9

Read Answer Asked by Gerry on January 03, 2024