Investment Q&A

Q: Hello,

Do you know what's going with TRP? It's been declining more than its piers i.e. PPL and ENB.
Do you think buying on weakness would be a good strategy here?
Also, which pipeline stock would you prefer for a medium to long term and which one you think is the safest?

Thank you

Q: what caused the big price drop today?

Q: 7:19 AM 7/8/2022
Our retirement income portfolios are heavily weighted to higher dividend companies : banks, utilities, pipelines, telecoms, BIP and BEP, and CNR.
We are considering adding one or more of the following companies: PKI, EIF, NWC, SLF, TRP.
We would expect them to provide reliable increasing dividends plus some ongoing share price growth over the years.
Could you please indicate what order you would purchase them and maybe a comment or two on each for a very long term hold.
Thanking you.......... Paul W K.

Q: Of my pipeline holdings, these 3 companies occupy ENB40%/TRP38%/PPL22% respectively. Ironically, over the last 5 years share price-wise, ENB has done the worst, and PPL the best. I would like to add a bit more to the group and normally I would start with PPL so to balance the three. I would appreciate your thoughts on the future of these 3 or any other alternative options and given the splits, which would you choose? Also, would you say that moving NG is the better longer term bet vs oil?

Q: what is your favorite pipeline today? cash account

thanks help

Q: Do you have any rate reset prefs that you think are worthwhile here? Thanks

Q: Hi,
I'm under the impression that the earnings from TRP were not too bad, yet today it has dropped considerably. Is this a case of 'sell on news', or is there something else that I should be aware of?

Thanks, as always, for your insight!

Dawn

Q: All these stocks have done well do you see much more upside and will they stay up with the price of oil.

Q: In which order would you rate these stocks as the best buy right now in each sector or is there something else in each of these sectors Energy, financial, utilities that you would consider a better buy.

Q: Good Morning,

For yield - I am considering adding to or acquiring many of the above noted stocks.

Please rate in terms yield, growth potential and safety.

Also add any others I might consider.

Thanks very much.

Q: Can you list some of your favourite Canadian stocks that are eligible for the Canadian tax credit that yield over 4%? I am building a dividend portfolio and have the banks, ENB, PPB, SLF.

Thank you!

Q: Hi 5i,
I noticed ENB and TRP have both recently issued long bonds out to year 2052/2082. I don't understand the strategy of a 30yr/50yr bond, please explain. I think these were issued to repay a series of "Preferred Shares", which looks to me to be a bit broken. Can you tell me how many other companies are doing this?

Q: Hello Peter,
I am assuming Enbridge and TC Energy are going up due to higher oil prices and fortis and emera are safer places to be. In the long run, should i move some monies from Enbridge and TC energy to Fortis or Emera as they may have higher pricing power going forward when negotiating new rates? Thanks very much

Q: HI!
In an income seeking portfolio, if one has a portfolio that is overweight financials, do you think it makes sense in the current environment to lighten up and add to pipelines and utilities due to the geopolitical events and risk of recession down the road. Thought in rate rising environment assets that benefit from rising rates were in favour but it seems telcos, utilities, and pipelines are moving more now. Obviously with price of oil, increase in pipelines is understandable and clearly yield curve is playing a role. What are your thoughts on whether increasing rates will eventually hurt utilities/pipelines. Thank you!

Q: Could I have your best single selection for both US and Canada for a conservative investor in these 7 sectors - energy, global defence, cyber, pipelines, utilities, consumer staples and defensive growth within software tech. Thank you for the help.

Q: I hold 13% of my non-registered account in energy and utilities, spread across the following stocks, with a focus on long-term income.

Would you suggest any consolidations or removal of any of these positions?

AQN, 9.70% of total, 3% gain
CU, 4.78% of total, 3% gain
ENB, 21.43% of total, 31% gain
EPD, 7.50% of total, 2% gain
FTS, 8.14% of total, 1% gain
KMI, 7.54% of total, 6% gain
PXT, 7.19% of total, 15% gain
SPB, 8.48% of total, 3% loss
TPZ, 4.19% of total, 8% gain
TRP, 4.86% of total, 11% gain
WMB, 4.63% of total, 10% gain
ZWU, 11.55% of total, flat

Thanks as always for your excellent work! Aaron

Q: Could you provide the % age of the bottom line for these co's that is generated by renewables vs hydrocarbons?
Also if possible could you provide their strategic focus - capital investment % on renewables vs hydrocarbons?

I may have the incorrect BAM listed and I may have missed a key player in this domain.

Thank you

Q: Comments please on their Feb report for the end of the year and latest quarter... and for their prospects going forward. Thanks!

Q: In TRP's Feb 15 report there are two phrases used:
- "Net income attributable to common shares" and
- "Comparable earnings"

What is the distinction being made by TRP here?

Thanks.

For context, here is a portion of their Feb report:


Net income attributable to common shares for fourth quarter 2021 of
$1.1 billion or $1.14 per share compared to
$1.1 billion or $1.20 per share for the same period in 2020.
For the year ended December 31, 2021, net income attributable to common shares was
$1.8 billion or $1.87 per share compared to net income of
$4.5 billion or $4.74 per share for 2020.
Comparable earnings for fourth quarter 2021 were
$1.0 billion or $1.06 per common share compared to
$1.1 billion or $1.15 per common share in 2020.
Comparable earnings for the year ended December 31, 2021 were
$4.2 billion or $4.27 per common share compared to
$3.9 billion or $4.20 per common share for the comparable period in 2020.
Net cash provided by operations for the year ended December 31, 2021 was
$6.9 billion compared to
$7.1 billion for 2020.
Comparable funds generated from operations for the year ended December 31, 2021 were
$7.4 billion, in-line with 2020 results.

Q: Would you own both of these or just one? If one, which one please?