Investment Q&A

Q: Hi Guys,
you answered a question of mine the other day asking for suggestions for smaller cap O&G companies that might have greater upside potential than the larger mid and large cap producers.
you came back as follows:
HME, SGY, KEL, BTE, ATH in that order. Would that be your order of preference?
If not, could you rank.
Merci,
Ralph

Upvote 4

Read Answer Asked by ralph on March 17, 2026

• Canadian Natural Resources Limited (CNQ $63.14)
  • $63.14 P/E (TTM): 12.4X Cap: $131.70B
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• Brookfield Corporation Class A Limited Voting Shares (BN $58.56)
  • $58.56 P/E (TTM): 79.28X Cap: $131B
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Q: Good morning and thank you for your amazing insights these days .

Question regarding CNQ and BN. Two completely different sectors, but given the appreciation in CNQ in recent weeks, and the corresponding pressure in BN, I have been slowly taking some CNQ off and moving more into BN. Both are core holdings for me, but your conviction with BN is impressive and I just think it is foolish to not take small gains off the table and move more to BN on the view that this too shall pass - for both companies.

Crazy or a fair approach so long as measured?

Upvote 9

Read Answer Asked by Trevor on March 17, 2026

• MDA Space Ltd. (MDA $41.99)
  • $41.99 P/E (TTM): 48.49X Cap: $5.82B
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Q: Morning 5i,
I have done well with MDA in a TFSA account and would like to sell half and place the proceeds in a name or two (or three) that will benefit from Canada's recent emphasis on defense and both economic and northern sovereignty, as I believe these themes are both real and durable. Do you agree with the thesis and, if so, could you please provide a list of the names you think best placed to benefit from Canada's recent dramatic change in national philosophy?
Thanks 5i,
Peter

Upvote 8

Read Answer Asked by Peter on March 17, 2026

• Exchange Income Corporation (EIF $104.75)
  • $104.75 P/E (TTM): 35.47X Cap: $5.87B
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Q: What Canadian companies are most like to benefit from Canada's plan to invest billions in Arctic infrastructure development and defense/security along our northern perimeter. Thanks.
Robert

Upvote 21

Read Answer Asked by Robert on March 17, 2026

• Freehold Royalties Ltd. (FRU $16.74)
  • $16.74 P/E (TTM): 29.68X Cap: $2.74B
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Q: Good day,

Given FRU's most recent results, what are your thoughts, and is it a Buy, Sell, or Hold ?

Thanks,
Michael A.

Upvote 5

Read Answer Asked by Michael on March 17, 2026

• Wheaton Precious Metals Corp. (WPM $194.76)
  • $194.76 P/E (TTM): 44.05X Cap: $88.42B
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Q: please comment on Q4 earnings. Would you add to a half position here?

Upvote 3

Read Answer Asked by Harry on March 17, 2026

• ONEX Corporation Subordinate Voting Shares (ONEX $104.82)
  • $104.82 P/E (TTM): 8.64X Cap: $7.19B
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Q: Long time holder of ONEX. The 10 year chart is less then inspiring, could I get your opinion of this company. Continue to hold or move on? Thanks Ron

Upvote 2

Read Answer Asked by Ronald on March 17, 2026

• Wealthsimple North America Socially Responsible Index ETF (WSRI $48.37)
  • $48.37 P/E (TTM): 25.28X Cap: $986M
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Q: Today, Thursday, March 12, Ian Tam in the business section of the globe and Mail recommended 14 Canadian ETFs that offer an mote against global uncertainty. One of the ETFs was WSRI among other ETFs that are low volatility. I wasn’t surprised by the low volatility ETFs, but I was surprised to see WSRI among this list. I looked up WSRI but I couldn’t find anything special to indicate that it has a mote against global uncertainty or is any better than other S&P 500 ETFs such as ZSP. Can you shed some light on this?

Upvote 2

Read Answer Asked by Mary on March 17, 2026

• VanEck Rare Earth/Strategic Metals ETF (REMX $93.20)
  • $93.20 P/E (TTM): 102.36X Cap: $260M
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Q: Greetings, 5i. Could you recommend an ETF or two that would cover the spectrum of less common but important metals such as tungsten?
With appreciation,
Ed

Upvote 2

Read Answer Asked by Ed on March 17, 2026

• Vital Infrastructure Property Trust Tr Unit (NWH.UN)
  • P/E (TTM): 19.55X Cap: $1.41B
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• Vital Infrastructure Property Trust (VITL.UN $5.54)
  • $5.54 P/E (TTM): 19.55X Cap: $1.38B
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Q: Can you please provide insight into the name change and whether this has any effect on the operation of NorthWest Healthcare and their dividend. Thank you.

Upvote 1

Read Answer Asked by Donna on March 17, 2026

• iShares S&P/TSX Global Gold Index ETF (XGD $60.39)
  • $60.39 P/E (TTM): 24.93X Cap: $4.13B
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Q: For a gold exposure : At this point and time , let’s say on a 2 years horizon would you rather buy gold etf , gold miners etf (no juniors) or 1 or 2 specifics gold related stock (if so with ones) . Trying to mitigate risk here (even if it’s hard to predict gold price)

Upvote 3

Read Answer Asked by Olivier on March 17, 2026

Q: Is there a way to access AECO natural gas prices? I heard the only way was with a paid Bloomberg terminal. Thanks

Upvote 1

Read Answer Asked by Donald on March 17, 2026

• CCL Industries Inc. Unlimited Class B Non-Voting Shares (CCL.B $88.59)
  • $88.59 P/E (TTM): 19.46X Cap: $15.37B
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Q: Could have I an update on your views of CCL. Its hold in a RRSP. Would you suggest 1-2 companies with better or same risk profile you would suggest to switch for if you think that’s a good idea .

Upvote 4

Read Answer Asked by Olivier on March 17, 2026

• Vanguard Value ETF (VTV $202.95)
  • $202.95 P/E (TTM): 19.03X Cap: $178.73B
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Q: On November 10, 2025, you noted that you weren't 'big fans' of the traditional value factor, citing VTV’s heavy weightings in Financials (20%) and Staples (14%) as a reason for your limited interest.
Given the recent spike in global market instability, has your outlook on VTV or the traditional value factor shifted? Would you consider this defensive exposure more attractive in the current climate? :ao/sab::

Upvote 3

Read Answer Asked by Adam on March 17, 2026

• Galaxy Digital Inc. Class A common stock (GLXY $28.26)
  • $28.26 Cap: $11.03B
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• Coinbase Global Inc (COIN $169.02)
  • $169.02 P/E (TTM): 39.35X Cap: $44.63B
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• Galaxy Digital Inc. (GLXY $21.15)
  • $21.15 Cap: $8.26B
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Q: For investors already active in US names, would you endorse continuing to hold GLXY into and after the TSX de-listing? Or, for example, do you feel there are more compelling names in the US crypto space to consider for a portfolio?

Upvote 4

Read Answer Asked by Andrew on March 17, 2026

• NexGen Energy Ltd. (NXE $15.89)
  • $15.89 Cap: $10.50B
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• Cameco Corporation (CCO $159.62)
  • $159.62 P/E (TTM): 178.36X Cap: $69.51B
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• Denison Mines Corp. (DML $4.88)
  • $4.88 Cap: $4.40B
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• Ur-Energy Inc. (URE $2.18)
  • $2.18 Cap: $842M
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• Energy Fuels Inc (UUUU $18.32)
  • $18.32 Cap: $4.21B
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• Uranium Energy Corp. (UEC $13.71)
  • $13.71 Cap: $6.54B
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Q: I would like your top 3-5 plays in the uranium-related space in both Canada and in the US, including small and large cap companies. A brief comment supporting your choices would be appreciated. Thanks.

Upvote 7

Read Answer Asked by Dona on March 16, 2026

• TransAlta Corporation (TA $19.13)
  • $19.13 Cap: $5.68B
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• Brookfield Corporation Class A Limited Voting Shares (BN $58.56)
  • $58.56 P/E (TTM): 79.28X Cap: $131B
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Q: Is this a good time for Brookfield to takeover TA?

Upvote 8

Read Answer Asked by Robert on March 16, 2026

• Amazon.com Inc. (AMZN $233.65)
  • $233.65 P/E (TTM): 30.86X Cap: $2.50T
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• Booking Holdings Inc. (BKNG $176.60)
  • $176.60 P/E (TTM): 1.09X Cap: $139.83B
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• Starbucks Corporation (SBUX $96.92)
  • $96.92 P/E (TTM): 81.01X Cap: $110.41B
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• Uber Technologies Inc. (UBER $71.81)
  • $71.81 P/E (TTM): 15.3X Cap: $146.70B
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Q: Could you give me an update on your view on Starbucks since your last comments 8 months ago. I m holding it in an RRSP account and I am reviewing for maybe a better large cap consumer discretionary stock is you can suggest 2-3 .

Upvote 3

Read Answer Asked by Olivier on March 16, 2026

• Hemisphere Energy Corporation (HME $2.72)
  • $2.72 P/E (TTM): 9.0X Cap: $257M
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• Suncor Energy Inc. (SU $87.65)
  • $87.65 P/E (TTM): 18.36X Cap: $104.03B
  • View SU Profile
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• Imperial Oil Limited (IMO $177.48)
  • $177.48 P/E (TTM): 27.89X Cap: $85.82B
  • View IMO Profile
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• Canadian Natural Resources Limited (CNQ $63.14)
  • $63.14 P/E (TTM): 12.4X Cap: $131.70B
  • View CNQ Profile
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• Tourmaline Oil Corp. (TOU $60.95)
  • $60.95 P/E (TTM): 86.12X Cap: $23.59B
  • View TOU Profile
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• Whitecap Resources Inc. (WCP $14.43)
  • $14.43 P/E (TTM): 14.32X Cap: $17.51B
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• Tamarack Valley Energy Ltd. (TVE $10.68)
  • $10.68 Cap: $5.17B
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Q: Could you please list your top 5 Cdn oil stocks in order of preference. Thnks

Upvote 13

Read Answer Asked by Dennis on March 16, 2026

• Boyd Group Services Inc. (BYD $165.77)
  • $165.77 P/E (TTM): 153.06X Cap: $4.61B
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Q: Could have I an update on your views of Boyd group. Its hold in a RRSP. Would you suggest 1-2 companies with better or same risk profile you would suggest to switch for if you think that’s a good idea .

Upvote 3

Read Answer Asked by Olivier on March 16, 2026