Investment Q&A

Q: Could you tell me aside from the fact that the Canadian market is/has been dominated by resource companies, why the volume of CNQ and SU for example is characteristically the highest on the TSX? While I have a fair bit of CNQ, I wonder what the high steady volume should be saying to investors now? Is it about good dividends, future price increases of crude, anticipation of the federal government major projects ...? Would you be loading up today on oil companies?
Many thanks.

Q: Given the new bid …..what is the likelihood of SCR being successful on the takeover of Meg.assuming CVE goes no higher.

Q: Hi 5i Team - This has not been a favourable stock for a long time. However is it possible it may have some possibilities going forward. How much debt has been paid down and how much remains. How did the last quarter look. Do you think management has the capability to turn this around or is new management needed. Are there any fundamentals you think are noteworthy. Also what is the insider and institutional ownership and has there been any significant trading recently.
Thanks.

Q: Nat Gas:
I hold ~1% each of ARX and TOU. Also, ~5% XOM, which is also a major gas producer.
I don't have much confidence in this liberal gov't's promises of gas development. Would you recommend a US gas producer, and if so, which one?
Thanks
Jerry

Q: stock seemed to be under pressure today on large volume. Do you have any explanation?
jerry

Q: I acquired this stock ( a significant position) one month ago ,with a 1-2 years perspective, believing that it is a solid Cie financially, well priced,and well positioned for the natural gaz demand in 2026 .It already shows 11% loss on paper,is my choice still "reasonable", and do you see it as a sell,buy,or hold in your perspective ?

Q: Hi 5i
I am bargain hunting so looking at Brookfield Renewable. I charted BEPC and BEP-UN and am puzzled by the significant outperformance of BEPC over 1-5 years. I don't think the div treatment should make that much of a difference. BEPC is 9% off 52 week high, BEP-UN 15% off. Your thoughts? And if I decide to buy, am I wrong to think BEP-UN could have more gain potential?
Thanks, Greg

Q: hi 5i,
I like to start a new position on TOU for my RRSP ?, is it now a good time to buy it.
The goal is Capital preservation and income.
thanks

Q: Please give your opinion on the takeover with Strathcona's improved offer. Thanks.

Q: Do you consider CEG a BUY/SELL or HOLD today? A reason please ?

Are there better options in this sector?

US and CND options

Q: Can you comment on Condor Energies (CDR) and the recent insider buying. Is it an interesting company? or should I take a pass?

Q: Hi. Pursuant to my prior question about Orca, based on the "bare bones" math it appears that Orca has a Market Cap of $70.4 MM CAD (19.8 MM shares x $3.56CAD), cash on hand of $136.8 MM CAD ($98.5 MM USD), no debt, and cash flow from (6 month) operations of $72.5 MM CAD ($52.2 MM USD), or $3.66 CAD/share. Note that all the financial data is taken from the 6 month statements up to June 30 2025. I guess my first question is whether not I am missing anything material in the "math", as these numbers indicate a negative Enterprise value. The follow up is that if this numbers are indeed correct, then this valuation must be a function of perceived political risk, given that Orca operates in Tanzania. Can you shed any insight on this, or is this outside your wheelhouse ?

Q: Of these two which has a safer dividend and better growth going forward for a retired senior? THANK YOU

Q: I bought NEE in a tax-deferred account because of fast-growing power demands by AI and other technologies (also because you liked it so much). It has been a frustrating business to hold, especially compared to other utilities like DUK and AEP. Did NEE become a victim of the current US admin’s pig-headedness about renewables ? NEE shares worth holding ? Analysts seem torn : several rate it a strong buy but almost as many rate it as hold/sell. Questions posed to different AI engines give responses that are just as conflicted.

What do you think of NEE’s business model and the prospects for share appreciation over the next 3 years vs. its peers? If possible, some in-depth comment would help . Please act as critical umpires who are now fed up (pretend if you must). If you have better ideas (preferably US , UK or Europe) I would welcome your suggestions.

Q: Hi 5i Team - Could you provide an update on Valeura including your take on its Q2 report. Please include insider ownership and any recent activity, its potential for growth, and anything else you think is significant. I am not sure whether to continue holding (small position) or take profits.
Thanks.

Q: Hi 5i
I noticed Chair/CEO Mike L Rose keeps buying more and more and more shares. At today's price (58.45) I think he has ONE BILLION DOLLARS of TOU. Would like your thoughts on why he is so confident on his company. Also, Barry Schwartz indicated it is kind of an AI play as the demand for energy rises. Comments please.
Thanks, Greg

Q: I bought a large amount of PSI because it’s listed in a 5i model. I don’t follow Canadian markets, so I buy 5i-recommended Canadian businesses without much checking. PSI shares have only sunk in value. Why is PSI in your model (other than for dividend) ? Is it worth holding ? Is it an attractive takeover target ?

My question (admittedly a leading question from one who is weary of these losses in tax-deferred accounts): is it not better to shoot this thing and be done with it? You are still holding PSI which makes me think I must be wrong. Am I ?

Is PSI's *business model* viable, really sustainable ?

Sometimes a business I hold does nothing for long periods and just sits idle, or still. Then, suddenly it jumps like a rabbit, and the share price jumps and away we go. A forced metaphor perhaps but intended to to illustrate the sell-indecision. BNS is an example of such ‘rabbit’ — but it’s only after years that I am finally now breaking even, showing a small loss. The long wait is often not worth the opportunity costs.
I am baffled why PSI is favored at 5i.
:ao:

Q: Journey energy is starting to move since April the CEO and CFO have been buyers(any comments on that?). What do you think of the CEO the metrics on the stock and the companies assets and balance sheet? It's P/E , price/book and P/Sales seem fine to me what's not to like?

Q: What do you feel the prospects are for this company. What would you expect the price to be 12 months from now/

Q: I was looking through the questions about this company, as the valuation seems out of whack. The current Orca Financials (as of June 30 2025, on their website), state that there are about 19.8 MM shares outstanding, which at the current share price ($3.56 CAD) suggests a market cap of $70.5 MM CAD. In one of your earlier discussions about Orca, I saw a Market cap quoted at $155 MM. Am I missing part of the math on this one ?