Investment Q&A

Q: Given all of the conflicting factors around the world and domestically, I am trying to organize my thinking regarding the energy sector. Can 5i please lay out some of the important issues and catalysts that may affect how we meet our energy needs in the near future. Can you also provide your thinking about the near term events that will specifically affect the North American energy industry? Including the new pipelines coming on stream shortly.

Take as many points as needed. Thank you,

Mike

Q: I know you don't follow closely companies outside NA, but still, would you have any opinion/information on this Korean company as there might increasing demands on memory chipson memory chips?

Q: Hi there, would it be wise for SPB to just cut the dividend now?

If SPB cuts the dividend by 60/70 %, would that actually help the shares finally stabilize somewhat as the market is asking for this? Where would you see the share price settle based on this scenario?

Thanks!

Q: Hi there, thanks for your answer regarding WGX. Follow up;

Are the shares currently trading at a fair price, cheap, etc? Can you provide ratios to support your views?

Your thoughts on not hedging at this point?

Your thoughts on current management/board?

Could WGX be a takeover target itself here?

Any two/three company ideas as to who would benefit taking them over?

Is the momentum for gold strong enough to break through $3K? Or could it fall sharply next week based on the US election results, your thoughts would be appreciated?

Thanks!

Q: What is your opinion of CNC as a near-term (for < 1 year) or long-term (5 years+) hold?
Do you believe its recent one month -14.37% drop to be strictly "election jitters"?
Thanks,
David

Q: Hello Peter,
With Brookfield moving its HQ to US, does this mean we will pay with withholding tax in our TFSA account for any dividends declared? Also, should one wait before adding to BN? Given Topicus's results, would it make sense to increase one's weight to from 2 percent to 3 percent .. Lastly, if one wants to stay conservative, would it make sense to sell TOI, and LMN and just focus on CSU? Much appreciate it

Q: Your thoughts on the quarter please?

Thx

Q: Given the stock is trading at essentially the value it has in cash on hand, with no debt and a client base from which to grow and expand - do you see much risk in acquiring at this price and what upside do you foresee?

Q: The last question in the Q&A for CoStar Group was in June. Do you have any more recent thoughts? What do you think of it for a long-term hold?

Q: Two questions (please take as many credits as needed):

Question 1:
BN has a 73% ownership interest in Brookfield Asset Management. BAM has a market cap of about $29B. How could one calculate the value of this 73% ownership of BAM based on market cap? I wasn't sure if the 73% was a figure of the total shares outstanding (and therefore value may be calculated as 0.73 x $29B) or whether the 73% interest was outside of the publicly listed shares (and therefore value would be calculated as much higher).

Question 2:
Based on the corporate restructuring announced, it says that "If approved, BAM will own 100 per cent of the asset management business, with Brookfield Corp.’s current 73 per cent interest held directly by owning approximately the same percentage of the publicly traded shares of BAM." Can you clarify what is changing here?

Q: Hi,

Which one of the three would you expect to bounce back in the short term. Any one of them that you would not invest in?
Regards

Q: Can you do a head to head comparison between VRT and ANET as for as which one you would prefer going forward and why? Does one have a bigger risk of something going wrong (Yup I'm talking about you SMCI) than the other?

Q: Hi! Thoughts on a switch from PINS to RDDT. Pros/Cons. I know you are showing interest in RDDT with recent earnings but does PINS still have potential or is it time to move on? Thank you!

Q: Good morning! Which of these two compounders that you recommend would you buy today? And why? Thank you to your team.

Q: If Trump were to win the US Election he suggested he would create a Dept overseen by Elon Musk to reduce US spending by 1/3rd. One of his targets is Green Energy which clearly he would be happy to eliminate.

How would this affect Renewable Producers like BEPC. Northland Power. Algonquin and other TSX wind n Solar Producers with operations in the US as well as other Canadian Power Generators like Capital Power and Altagas?

Would Trump go as far as to reduce the mandated usage of corn based ethanol or this would not be a target as it would hurt the US Ag industry?

Q: If I was to start a new account with the holdings on your Balanced Equity Portfolio today, would I match the current month allocation for purchasing each holding? Is there any other advice you have re starting an account mirroring the Balanced Equity Portfolio?

Q: Could you please comment on the results for Q3?

Q: Your thoughts on earnings and forward guidance please.

Q: Retired, dividend-income investor. I have spent a bit of time using your chart feature, which I think is excellent. I like the feature of it being total return (CG plus dividends).

Comparing total return for ZEB vs ZWB over various timeframes is easy, since they both have adequate history. The complication arises when adding HMAX to the comparison, due to it's very short history and therefore not being through a full cycle. It is apparent to me that the covered call ETFs do indeed give up total return for higher steady income.

To my amateur eyes, it appears that ZEB is the clear winner over 1-3-5 year timeframes, with HMAX taking over 2nd place in the 1 year timeframe.

However without the benefit of a full economic cycle, I can not come to a final decision. I have started building a position in HMAX, but I am now wondering if I should have been building a ZEB-ZWC position. I know that ZEB is banks, whereas HMAX is financials (banks, ins, etc).

Any thoughts you could throw in the mix would be helpful. Any indication of how it might perform over the longer term, based on the history so far....thanks...Steve

Q: I own both of these and have a similar loss in each. Want to reduce amount of telcos. Which would you sell for a loss, or would you reduce both by half. Which would you keep for the longer term or some of both. Retired. Like the income but want some growth. I'm OK to hold for longer term.
Thank you.