Investment Q&A

Q: Could you confirm/comment, on recent insider buying?

Q: Hi you made the following ‘generation vs distribution’ comment wrt AQN to Peter on Dec 2. Could you please expand on this a bit further as I mistakenly thought AQN was primarily generation. Could you similarly comment on NPI and INE re generation vs distribution. Thanks.

“The majority of its (AQN’s) business is distribution and has less exposure to generation already.”

Q: Does Emera have exposure on the Muskrat Falls project? I see the regulator has asked Emera to "adjust" for slow / non-existent benefit from The Link between NS and NL. Emera remains up 30%-40% from my purchase but would suggest a pivot to FTS or a Brookfield company here? Or anything other non-oil utility?

Thank you.

Q: I am interested in a Canadian Utility ETF with a slant towards renewables. Can you advise your best recommendation?

Ken

Q: Which would you pick and why? how long of a term would you leave your investment? Thanks

Q: What are your thoughts on Pacific Gas & Electric now that it has exited bankruptcy after the wildfires caused by their equipment?
I see a new CEO, new board and was interested to see that it is now David Tepper's largest position at Appaloosa, Dan Loeb's largest position at Third Point and Baupost just made it a top ten position. Is this a good rebound play as California's largest utility? Thanks

Q: Hi 5iR, What would be your top 3 Canadian Natural Gas O/G junior to intermediate companies? Am looking for companies with at least 60% NG production, i.e. TOU at 82% as an example. In addition, if there is some 5iR expertise on the US side what would be your top picks there?
Thanks as always 5iR.
Cheers, Chris

Q: Hello,
I am not sure if we are allowed to ask a question on this type of fund but here goes.
I am just wondering what your opinion is of this fund?

Thanks

Q: I am considering selling KEY for a tax loss. In this context which company would you suggest as a proxy to buy in the 30 day period before KEY could be bought again, without offending the CRA in terms of superficial selling.

Q: Hi team,
I am wondering what the difference is between BEP and BEPC. Also, which of the two would you prefer as a play on renewable energy

thanks
Paula

Q: I purchased a convertible bond from Just Energy a few years back that they recently "force converted" to equity because they couldn't pay the interest on the bond anymore from what I can tell. This thing has been a disaster. Is their business viable anymore?
-Disappointed Dave in Montreal

Q: Hi guys,

I'm looking for potential opportunities in the energy space where the line between clean and fossil, as well as energy vs utilities seems to blur more and more. Also there seems to be increasing suggestion that big oil is interest to move into this space with investment and engineering capital.
Are these corporations good opportunities and if so do they look to be positioned as underpriced for growth relative to the current frothy players like npi and bep?

Q: is the new gas contract with Pomigas a + or - from previous contract or from reality of what is actually going on. What was the dispute about.
TKS

Q: Good evening to you all - Thanks to 5i, I loaded up on BPEC eighteen months ago and now have a utility bulge in my portfolio that needs trimming. I am only underweight in "energy" and herein lies my problem. Energy in Canada seems to mean non renewables like our wonderful SU, Canadian Natural Resources and TOU. Is not BEPC an energy company as well as a utility? If say half it's valuation is in production, then could that be construed as energy sector allocation for my purposes and I don't have to sell, just mentally reallocate? Or, is this just mental gymnastics on my part and I should just sell to reduce, pay my taxes ( i'm out of losses, hopefully forever), and invest the proceeds in a normal energy company to satisfy my portfolio analytics?
Many thanks

al

Q: Looking to sell cvx and move back to Canada would you see this as a good move or would the oil sector be a little safer in the US with more growth potential and less environmental negative news going forward.If you agree with selling could you give me a replacement in Canada held in a rrsp.

Q: Dear 5i Team. This company has been on fire the past few days. Do you know why? Is it time for a small position? Thanks for your impressive expertise answering the daily questions. I read them every day.
Lorraine

Q: Please comment on the relative pros and cons for each, and rank them for purchase soon. I am grateful for your excellent service!

Q: I have no utilities exposure. I want to add 1 Company. I was looking at Fortis because I believe they are your favourite given their size and history of dividend increases. They currently are mostly electricity delivery (<90%) with some renewables and fossil fuel. By 2035 they expect to increase renewables from 2% to 7%. That seems like a long time for such a small increase. They are eliminating their fossil fuel generation. If I prefer to invest in a utility with more of a focus on renewables, would AQN or BEP.UN be a better bet. Shouldn't they do better as renewables become 'trendier'? Which do you prefer out of AQN and BEP.UN. BEP.UN has had quite a run recently.

Q: Good morning 5i team,
Which would you buy PEY or BIR ?
Thanks,
George

Q: Hi guys,

Two questions so please deduct the appropriate credits:

1 - Is the energy sector now purely a trade going forward? Are the days or steady production growth gone given how volatile the price of energy can be? It seems like there are ample opportunities for trades, but buy and hold, unless its a pipelines seems to be finished for now at least. Agree or Disagree?

2 - Looking to add some consumer discretionary to my portfolio for a recovery. Deciding between QSR and ATZ. I like the size of QSR and the dividend, but ATZ has lots of growth potential in the U.S. and Internationally and my wife likes their clothes!! ;) If you had to choose one, which would it be?

Thank you,
Jason