Investment Q&A

• South Bow Corporation (SOBO $38.17)
  • $38.17 P/E (TTM): 20.8X Cap: $7.94B
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Q: In a recent answer to a members question you made reference to "free" SOBO shares - resulting from the TRP spin out. I received spin out shares previously where the parent company share price was lowered as part of the spin out. Simply put were the SOBO shares in fact "free"?
Regards

Upvote 4

Read Answer Asked by Reg on October 08, 2024

• South Bow Corporation (SOBO $38.17)
  • $38.17 P/E (TTM): 20.8X Cap: $7.94B
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Q: As a dividend value investor with a five year or more outlook, should I keep the few SOBO shares, should I sell the shares and by more TRP or should I boost the number of SOBO shares?

Upvote 6

Read Answer Asked by STANLEY on October 08, 2024

• Enbridge Inc (ENB $47.69)
  • $47.69 P/E (TTM): 23.66X Cap: $103.86B
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Q: Trump has stated that he intends to impose a 10% Tariff on all goods entering the country to make America great again. The small oil producers and coal lobby are also aligned with him and expecting favours. Could Enbridge get caught up in this mess? I would like to start a position but I’m uncertain of the risks. I appreciate your thoughts.

Upvote 4

Read Answer Asked by Brad on October 08, 2024

• TC Energy Corporation (TRP $73.93)
  • $73.93 P/E (TTM): 18.11X Cap: $76.83B
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• South Bow Corporation (SOBO $38.17)
  • $38.17 P/E (TTM): 20.8X Cap: $7.94B
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Q: Can you tell me what the date of record was for determining the no. of shares of Sobo existing shareholders of Trp will receive.

Upvote 2

Read Answer Asked by Donald on October 08, 2024

• Highwood Asset Management Ltd. (HAM $4.83)
  • $4.83 P/E (TTM): 2.16X Cap: $73M
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Q: Do you have any information about this company. Looks like a troubled past from the stock charts but looks like the revenue growth shows things are changing. Any info you could add.

Upvote 1

Read Answer Asked by Tim on October 08, 2024

• Hemisphere Energy Corporation (HME $2.17)
  • $2.17 P/E (TTM): 6.88X Cap: $206M
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• L Brands Inc. (LB)
  • P/E (TTM): 16.0X Cap: $21.04B
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• Imperial Oil Limited (IMO $121.95)
  • $121.95 P/E (TTM): 13.61X Cap: $62.07B
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• Tourmaline Oil Corp. (TOU $59.67)
  • $59.67 P/E (TTM): 15.29X Cap: $22.35B
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• Texas Pacific Land Corporation (TPL $889.25)
  • $889.25 P/E (TTM): 45.35X Cap: $20.44B
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Q: Following up on Donald’s question on September 30th about favourable risk/reward scenarios with compelling valuations in the energy sector. Can you please name your three favourite energy stocks that fit this description?

Upvote 4

Read Answer Asked by Gregory on October 08, 2024

• Capital Power Corporation (CPX $71.25)
  • $71.25 P/E (TTM): 22.36X Cap: $11.01B
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Q: I understand that the growth profile of Capital Power Corp does not look promising for the next couple years. That said, recently there are nice gains in this stok (+25%). Is the stock a hold, buy or sell now at this higher valuation? Is there another utility that is preferred at this time?

Upvote 6

Read Answer Asked by Gerry on October 07, 2024

Q: Natural Gas prices on nYMEX are quoted to be around $US2.90/MMBTU but the Alberta natural gas price is trading at around 40cents Cdn per GJ. Since a GJ is almost the same as MMBTU why such a huge difference in price?

Upvote 5

Read Answer Asked by John on October 07, 2024

• Brookfield Renewable Partners L.P. (BEP.UN $36.97)
  • $36.97 Cap: $24.32B
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• Algonquin Power & Utilities Corp. (AQN $8.11)
  • $8.11 Cap: $6.22B
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• Capital Power Corporation (CPX $71.25)
  • $71.25 P/E (TTM): 22.36X Cap: $11.01B
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Q: Capital Power has performed extremely well this year, for a utility stock especially. I am wondering how much more room it might have to run. I also hold AQN at a loss large enough to eliminate my gain on selling CPX, so tax considerations are not an issue. I am pondering the wisdom of selling both AQN and CPX and replacing with another utility such as BEP.UN. I am looking at capturing a yield >5%. Any other suggestions would be welcome.

Upvote 3

Read Answer Asked by Robert on October 07, 2024

• Williams Companies Inc. (The) (WMB $62.61)
  • $62.61 P/E (TTM): 31.87X Cap: $76.45B
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• Vistra Corp. (VST $196.86)
  • $196.86 P/E (TTM): 33.28X Cap: $66.70B
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• Constellation Energy Corporation (CEG $368.49)
  • $368.49 P/E (TTM): 40.0X Cap: $115.11B
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Q: So much news these days about the ramp up to electric vehicles and the eventual elimination of internal combustion engines.

Governments have committed to installing charging stations to accommodate future demand.

What is the current status of power generating facilities. How easily can they ramp up supply to satisfy the future demand or is there already enough capacity.

What are your favourite Canadian and US power generators to satisfy this demand. Thank you

Upvote 5

Read Answer Asked by JACK on October 07, 2024

• Chevron Corporation (CVX $148.90)
  • $148.90 P/E (TTM): 19.52X Cap: $302.15B
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• Exxon Mobil Corporation (XOM $110.73)
  • $110.73 P/E (TTM): 16.04X Cap: $472.06B
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• Diamondback Energy Inc. (FANG $139.82)
  • $139.82 P/E (TTM): 10.45X Cap: $40.47B
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Q: Please comment on the above stocks. Would you buy these at current levels. If not which USA stock would you recommend instead of these.

Donna

Upvote 2

Read Answer Asked by Donna on October 07, 2024

• South Bow Corporation (SOBO $38.17)
  • $38.17 P/E (TTM): 20.8X Cap: $7.94B
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Q: Hi- your answer on yield expected was 1.9% - seems low for a pipeline / utility.
Some news reports have indicated 9% - can you clarify
thanks

Upvote 5

Read Answer Asked by Scott on October 07, 2024

• TC Energy Corporation (TRP $73.93)
  • $73.93 P/E (TTM): 18.11X Cap: $76.83B
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• South Bow Corporation (SOBO $38.17)
  • $38.17 P/E (TTM): 20.8X Cap: $7.94B
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Q: Hi Peter I have 100 shares of TRP in my RRSP and 60 in my TFSA I did nothing for the spin off and now I see that it has dropped quite a bit. Is it time to get out of this stock, what can I expect to happen now. Thanks

Upvote 7

Read Answer Asked by Nick on October 04, 2024

• Peyto Exploration & Development Corp. (PEY $18.95)
  • $18.95 P/E (TTM): 11.99X Cap: $3.78B
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• Parex Resources Inc. (PXT $18.03)
  • $18.03 P/E (TTM): 10.7X Cap: $1.75B
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• Whitecap Resources Inc. (WCP $10.51)
  • $10.51 P/E (TTM): 7.4X Cap: $12.94B
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• Surge Energy Inc. (SGY $6.90)
  • $6.90 P/E (TTM): 16.02X Cap: $683M
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• Gear Energy Ltd. (GXE $0.48)
  • $0.48 P/E (TTM): 10.6X Cap: $126M
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Q: I have only ENB in energy stocks and am looking to add a basket of stocks with at least a 5% dividend, but also looking for capital appreciation. With the dividend, I don't mind waiting for the appreciation. Do you see any red flags with any of these, and how would you make up a 5% position? Would you sub any other energy stock with a 5%+ dividend?

Upvote 9

Read Answer Asked by Kim on October 04, 2024

• Parex Resources Inc. (PXT $18.03)
  • $18.03 P/E (TTM): 10.7X Cap: $1.75B
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Q: What is your current analysis in comparison to your August thoughts? Buy, sell or trade and is the dividend in more danger of a cut or cancellation?
Thanx
Gary

Upvote 2

Read Answer Asked by Gary on October 04, 2024

Q: As a follow up to Donald’s question on September 30th can you please name your three favourite energy stocks with compelling valuations and favourable risk/reward scenarios?

Upvote 12

Read Answer Asked by Gregory on October 04, 2024

• South Bow Corporation (SOBO $38.17)
  • $38.17 P/E (TTM): 20.8X Cap: $7.94B
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Q: Good morning - I logged into my BMO IL account today and I still have not received the SOBO shares from the TC spin out arrangement. I believe that all holders of TC should have received the shares on October 1, 2024 which was two days ago. I called BMO IL and the agent I spoke with could not tell me when I would receive the SOBO shares. Would you know why this is the case and if any other brokerages are having the same delay? Clearly the shares are trading on the TSX so some investors must have their shares. Thank you.

Upvote 8

Read Answer Asked by Andrew on October 03, 2024

• South Bow Corporation (SOBO $38.17)
  • $38.17 P/E (TTM): 20.8X Cap: $7.94B
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Q: Will the dividends for SOBO be eligible for the Canadian dividend tax credit? Thanks!

Upvote 3

Read Answer Asked by TK on October 03, 2024

• Freehold Royalties Ltd. (FRU $13.56)
  • $13.56 P/E (TTM): 18.1X Cap: $2.22B
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Q: I am looking for income with some potential for capital appreciation. What are your thoughts on Freehold Royalties?

Thank you

Upvote 3

Read Answer Asked by kim on October 03, 2024

• South Bow Corporation (SOBO $38.17)
  • $38.17 P/E (TTM): 20.8X Cap: $7.94B
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Q: If one didn’t own any pipelines or energy infrastructure, is this TC Energy spin-off worth consideration? What might you recommend instead?

Upvote 4

Read Answer Asked by Craig on October 03, 2024