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Investment Q&A

Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.

Q: Hello 5i Team

Imperial Oil (IMO) completed its Significant Issuer Bid (SIB) on June 15.

IMO then announced a new Normal Course Issuer Bid (NCIB) commencing approximately June 29.

In the 2nd quarter financial report, IMO has stated the NCIB will be completed by the end of October, based on purchasing the maximum allowable shares per day as per the NCIB.

Question, if IMO completes the NCIB on November 04 based on the maximum daily share purchases can IMO commence a second SIB in the one year period following the completion of SIB completed on June 15 (i.e. commencing early November or December 2022).

If IMO cannot undertake a second SIB, would they be limited to either increased dividends or a special dividend or are there other options to distribute excess capital back to the shareholders.

Is there a readily available website source for SIB, as recently other companies have announced SIB (E-L Financial, United Corporations, Economic Investment Trust)? Maybe as they are announced they can be included on your dividend announcement page?

Thank you
Read Answer Asked by Stephen on August 22, 2022
Q: Let me echo the earlier comment about the valuable insights from your Canadian Quarterly Earnings Pulse Report.......Wow, like an "executive summary" that puts plenty into perspective........Many thanks and looking forward to "digesting" future Pulse Reports, too!!!........Tom
Read Answer Asked by Tom on August 22, 2022
Q: I just read your new Canadian Quarterly Earnings Pulse Report; great report and very pertinent! Thanks.
Read Answer Asked by Gerry on August 20, 2022
Q: Hi, we have energy sector exposure through, CNQ,SU,TOU and ENB. There are several reasons for owning the sector through CDN companies, primarily for Dividend Tax credit in the Non Regd accounts and also their relatively lower risk profile and size. We have not invested in US Oil, and Gas/Pipeline companies, except a small holding in XLE.

CNBC guests/traders, frequently recommend the US companies listed in the question and it appears that all these stocks are doing well. ( OXY - with 20% ownership with Warren Buffet }. My question is that, in Canada, do we have Energy companies with similar product/business profiles to these US names. And, if so, for a Balanced 5i Portfolio risk profile investor, is the sector well represented with these four CDN companies ? Current Portfolio Weight: CNQ/SU/TOU: 9% ENB:6% Total-15%.

Thank You
Read Answer Asked by rajeev on August 20, 2022
Q: hello 5i:
a follow up to a previous question on ECN.DB: can you explain why there has been a steady erosion in the price of ECN.DB, from a high of 104 a year ago, to $98.50 today? I would think that a 6.1% return (at todays price) would be attractive and would actually result in a higher price, assuming that one believes ECN is worth holding (I do). Is it simply a matter of higher interest rates, present and anticipated?
thanks
Paul L
Read Answer Asked by Paul on August 19, 2022
Q: Can you provide me with an artificial intelligence ETF both canadian and US.
Also what large and small capstocks are at the forefront of this new trend.
Sort of like Microsoft, intel and Cisco in their infancy.
Read Answer Asked by Helen on August 19, 2022
Q: For a TFSA with a growth tilt, what would be the portfolio percentage invested in stocks related to Balance, Growth, Income and Yield, aka REITS?.......Many thanks for the suggestion.........Tom
Read Answer Asked by Tom on August 19, 2022
Q: Hello Peter,
When Brookfield first indicated that they were going to spin off the asset management unit, the stock popped alot, but then subsided. Now, the spinoff is more certain as opposed to just mentioning it, why is the stock not behaving as it did when the first announcement was made? Please provide your view. Given USA is still delaying its legalization of marijuana, I was deciding on Weed or Hut mining given both are volatile. What would make sense ? Thanks very much
Read Answer Asked by umedali on August 19, 2022
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