Investment Q&A

Q: As a retired income investor, I own TRP (3.7%), ENB (3.5%), ENF (0.7%), PPL (1.7%), IPL (2.8%), ALA (3.7%) representing ~16% of the Canadian investments across all my accounts (registered & unregistered).

I am uncertain whether I should continue to hold all of these because the overall percentage is too high. Keeping in mind that I need income, should I perhaps cut the 16% down to ?? or is it fine to continue with this percentage? Which are your preferred picks for a longterm hold?

Should I rationalize down to 3 or 4 of these names or cut percentages of specific stocks? Do you view any of them as especially risky?

(Canadian banks and telcos represent 24% and 10% respectively of my Canadian investments.)

This may count as another question which is fine:
• Have you any insight into the geographies served by the smaller pipeline companies?
• Is there any likelihood of acquisition/ merger activity between them or with TRP or ENB or ?

Thank you 5i, as always!

Heather

Q: Q3 results have not impressed the market. Or is it $45 WTI?

Q: Would you consider KEY a reasonable buy at today's prices to be held for dividend and some minor growth? Is there another company you would prefer for the same objectives of dividend and growth? Would you prefer KEY to ALA in view of the latter's potential current issues?

Q: Further to today's Q&A from Stephen R. re sector diversification and PPL / TRP, I too have a similar issue with TRP and ENB. I have been (arbitrarily) assigning both of these holdings as half Energy, and half Utility. Could you give me your opinion on this approach. Thanks kindly, T.

Q: I just read a globe and mail article on line about changes in short positions between the 15th and 30th of September. This article shows a short of 100,000,023 which is over 10% of the o/s shares. One, how is this possible and two, how do I find out whether any of my shares are being loaned out for this purpose?

Q: Both of these had small pullbacks. Which of these two looks more attractive? Thanks

Q: with the approval of the pacific northwest LNG pipeline would this benefit ENB or other pipelines more? or are there natural gas stocks close to the pipeline that could benefit when completed?
Thx

Q: Would there be any advantage to owning both these related securities in my taxable account? I already own Enbridge with a low cost base and wondering whether I should leave well enough alone. Thanks.

Q: Could you please advise what the payout ratio is based on free cash flow.

Q: ENB. and TRP: I've owned both for 6 years now; so, my returns on a ACB is very high - however, both are carrying very high debt loads of $50 to $45B on their books. Should I be overly concerned with holding these stocks over the longer term?

Q: I am looking to crystallize gains in PPL, and seeking an alternative in the pipeline/utility sector. I currently own ENB and TRP as well as FTS. What do you recommend for diversification in combination with those three?

Q: What are the US and Canadian companies, that have what they call a wide Moat? What would be your definition and criteria of wide Moat companies?

Q: All things considered, which is the "better" buy at this point ENB or FTS. Does the share price rise in ENB make FTS the better opportunity? I realize there is integration risk with acquisitions for both.
Also, is Loblaw a pretty good "buy" with today's drop?
Thank you.

Q: We depend on dividends for fully half our income. At the moment we have have a full position in TRP and 1/2 positions in IPL and PPL. I'm considering a 1/2 position in ENB for growth and dividend. Is this too much in one sector? And have I missed the ENB boat with all its recent price increases? - Ted

Q: Why would SE be trading 8.5% higher than ENB's offer price? Is the market suggesting another suitor is in play?

Q: The combined total borrowings of $56.3-billion for ENB/Spectra, scares me. Should I be scared?

Many Thanks. Austin

Q: Hi team, I have in my RRSP ( balance portfolio) parkland fuel and trans Canada pipeline. Would Enbridge be too similar to add to my holdings?

Q: a big deal today. does this change your opinion?

Q: Today Enbridge Inc. (ENB) announced they are purchasing Spectra Energy Corp (SE) in an all stock deal.

I own Enbridge in my non-registered account (in order to take advantage of Canadian Dividend Tax Credit) and I own Spectra in my US $ RRSP (in order to minimize taxes on US dividends which are treated like interest income).

I want to participate in both the Canadian and US energy infrastructure (pipeline, midstream processing) market.

My question is what can I replace Spectra Energy in my RRSP with? I own Kinder Morgan (underwater), Oneok (above water) and recently sold off Williams (too much drama) in the RRSP account.

Am I better off to sell Spectra now or wait for the Enbridge merger and then sell off the Enbridge or even keep Enbridge in my RRSP as a US holding. Or do I increase my holding(s) in Kinder Morgan or Oneok?

Thanks for the excellent service.

Q: Reportedly ENB wants to raise as much as US$7 bil for general corporate purposes including reducing debt & financing capital spending,but it does not expect to spend the funds on any specific project.What is going on?The market certainly dislike as it took a sharp drop today