Investment Q&A

• Veren Inc. (VRN $9.14)
  • $9.14 P/E (TTM): 19.56X Cap: $5.63B
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• MEG Energy Corp. (MEG $27.40)
  • $27.40 P/E (TTM): 11.49X Cap: $6.97B
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• Whitecap Resources Inc. (WCP $10.79)
  • $10.79 P/E (TTM): 6.63X Cap: $6.33B
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Q: I live and Calgary and have spoken to quite a few people in the industry and they are saying similar information.
Essentially that declines in wells are going to out stripe the demand in the next year creating more demand then supply. Many companies around here have been underinvesting in new production due to the market conditions.
I am quite cautious on oil and gas companies as they haven't performed well over the last 7 years.
Are these people overly optimistic or is there a potential trade and opportunity to go up to 10% weighting in Oil and Gas?
If so, do you think CPG, WCP, and MEG would be good exposure?

Thanks.

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Read Answer Asked by Colin on June 15, 2021

• Intact Financial Corporation (IFC $302.72)
  • $302.72 P/E (TTM): 24.49X Cap: $53.99B
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• Trisura Group Ltd. (TSU $43.91)
  • $43.91 P/E (TTM): 19.64X Cap: $2.14B
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Q: To my knowledge both of these companies are in the specialty insurance business. Given that TSU is wholly owned by BAM.A (3.5% of my overall holdings; overlap concerns?), which do you prefer for a conservative investor and why. What would be their outlook considering an post-COVID opening world and over the next 5 yrs? Is there another name you prefer more in this specialty space?

Thank you!

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Read Answer Asked by David C. on June 15, 2021

• Prime Dividend Corp. Class A Shares (PDV $8.73)
  • $8.73 P/E (TTM): 14.86X Cap: $7M
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Q: Could I have some information on this company. What they do and whether the dividend is sustainable, and how much of the dividend is return of capital. Many tnx.

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Read Answer Asked by Jacques on June 15, 2021

• Currency Exchange International Corp. (CXI $19.82)
  • $19.82 P/E (TTM): 42.26X Cap: $124M
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Q: thoughts on the quarter and how much to insiders own now? Thx

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Read Answer Asked by blake on June 15, 2021

• Burcon Nutrascience Corporation (BU $2.67)
  • $2.67 Cap: $35M
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Q: this stock has been drifting down while plant is ramping up for production. is this a good entry point? i like the concept .

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Read Answer Asked by brian on June 15, 2021

• Shinhan Financial Group Co Ltd American Depositary Shares (SHG $50.32)
  • $50.32 P/E (TTM): 8.14X Cap: $24.81B
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Q: This financial conglomerate seems to have very attractive fundamentals. What can you tell me about it?
Thanks, Hugh

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Read Answer Asked by Hugh on June 15, 2021

• Li Auto Inc. (LI $29.59)
  • $29.59 P/E (TTM): 28.77X Cap: $31.31B
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• XPeng Inc. American depositary shares each representing two Class A (XPEV $19.13)
  • $19.13 Cap: $18.17B
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Q: Hi team,
The Economist (june 5th) reports on EV companies vying to compete with Tesla. It reports that a Chinese co. is now selling EV in Norway.
What are your views on these companies ?
Gratefully,
Jacques IDS

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Read Answer Asked by Jacques on June 15, 2021

• Toronto-Dominion Bank (The) (TD $102.13)
  • $102.13 P/E (TTM): 10.49X Cap: $175.91B
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• Bank of Nova Scotia (The) (BNS $77.34)
  • $77.34 P/E (TTM): 16.2X Cap: $96.33B
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Q: Do you feel today is a good entry point for the big Canadian banks? Would you please rank them in order of preference at current valuations. Also, please do similarly for US banks. Please deduct question credits at your discretion.

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Read Answer Asked by Joel on June 15, 2021

• Charlottes Web Holdings Inc (CWEB)
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Q: What are your current thoughts on this stock and the outlook for the next 2-3 years? Thanks very much.

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Read Answer Asked by Dustin on June 15, 2021

• BMO MSCI Emerging Markets Index ETF (ZEM $24.34)
  • $24.34 P/E (TTM): 5.41X Cap: $1.53B
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• iShares Core MSCI Emerging Markets ETF (IEMG $61.70)
  • $61.70 P/E (TTM): 0.18X Cap: $100.74B
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Q: Hello,
I have sold ZEM in my CDN RRSP account. I am going to transfer these funds to my USD RRSP. Which ETF would be an equal replacement for my USD RRSP keeping in mind tax efficiencies? I would like the US ETF to be as similar as possible to ZEM.

Thanks.

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Read Answer Asked by Mauro on June 15, 2021

• Miscellaneous (MISC)
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Q: I've just read your email regarding the upcoming changes to your website and fees. What's the difference between "5i membership" and "basic bundle"?

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Read Answer Asked by chris on June 15, 2021

• Twilio Inc. Class A (TWLO $131.67)
  • $131.67 Cap: $20.17B
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• Dropbox Inc (DBX $27.91)
  • $27.91 P/E (TTM): 18.52X Cap: $7.85B
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• DocuSign Inc. (DOCU $80.33)
  • $80.33 P/E (TTM): 15.39X Cap: $16.23B
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• Pegasystems Inc. (PEGA $58.08)
  • $58.08 P/E (TTM): 56.54X Cap: $9.92B
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• j2 Global Inc. (JCOM)
  • P/E (TTM): 30.4X Cap: $6.52B
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• Duck Creek Technologies Inc. (DCT)
  • Cap: $2.52B
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• Coursera Inc. (COUR $9.08)
  • $9.08 Cap: $1.41B
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Q: Hello 5i, a report from RBC came out this morning with their ''need to have'' tech companies. Their Outperform ratings were on COUR, DBX, DCT, DOCU, JCOM, PEGA, TWLO and PEGA. Are you familiar with those companies and could you please mention your (2) favourites of the list and why? I own DOCU and TWLO already. If your preference is the same, it'll be a relief. If they aren't, I would open a new position since I have room for another one in terms of my allocation. Much appreciated, thank you.

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Read Answer Asked by Michael on June 15, 2021

• Fiera Capital Corporation Class A Subordinate Voting Shares (FSZ $6.77)
  • $6.77 P/E (TTM): 21.47X Cap: $731M
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Q: Hi there , how safe is FSZ for its dividend and the stability of its share price ? (inverse of volatility) , when compared with a "utility" like BCE. if BCE is 10, in a scale of 1 to 10 , FSZ would be ?
it appears that FSZ has serious prospects of increasing its earnings in the future , why is so ?
thanks

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Read Answer Asked by Alejandro (Alex) on June 15, 2021

Q: Whatever you charge for your service is made back on my 1st trade then the gravy train just flows….

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Read Answer Asked by James on June 15, 2021

• Cameco Corporation (CCO $109.02)
  • $109.02 P/E (TTM): 188.75X Cap: $47.45B
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Q: Some argue that the Biden climate agenda will be positive for uranium prices, but today (June 14) CCO's market cap is taking a substantial dive on (to my knowledge) no news, nor even an analyst downgrade. Any idea what's going on?

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Read Answer Asked by John on June 15, 2021

• Enbridge Inc. (ENB $62.03)
  • $62.03 P/E (TTM): 22.86X Cap: $135.22B
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• Great-West Lifeco Inc. (GWO $52.80)
  • $52.80 P/E (TTM): 12.77X Cap: $49.18B
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• Turquoise Hill Resources Ltd. (TRQ $42.99)
  • $42.99 P/E (TTM): 13.77X Cap: $8.65B
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• Tourmaline Oil Corp. (TOU $61.97)
  • $61.97 P/E (TTM): 18.19X Cap: $23.19B
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• Freehold Royalties Ltd. (FRU $13.54)
  • $13.54 P/E (TTM): 13.48X Cap: $2.22B
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• Labrador Iron Ore Royalty Corporation (LIF $27.95)
  • $27.95 P/E (TTM): 13.23X Cap: $1.78B
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• Magna International Inc. (MG $58.34)
  • $58.34 P/E (TTM): 10.82X Cap: $16.72B
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• Capstone Copper Corp. (CS $8.16)
  • $8.16 P/E (TTM): 54.59X Cap: $6.21B
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• Kirkland Lake Gold Ltd. (KL $49.71)
  • $49.71 P/E (TTM): 15.41X Cap: $13.10B
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• Stelco Holdings Inc. (STLC $68.14)
  • $68.14 P/E (TTM): 21.11X Cap: $3.71B
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• WELL Health Technologies Corp. (WELL $4.70)
  • $4.70 Cap: $1.17B
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• Converge Technology Solutions Corp. (CTS $5.99)
  • $5.99 Cap: $1.12B
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• Lightspeed Commerce Inc. Subordinate Voting Shares (LSPD $17.91)
  • $17.91 Cap: $2.46B
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• Nuvei Corporation Subordinate Voting Shares (NVEI $47.61)
  • $47.61 Cap: $6.75B
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• Topicus.com Inc. (TOI $186.57)
  • $186.57 P/E (TTM): 96.53X Cap: $23.63B
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Q: I would appreciate your thoughts on holdings in the portfolio. All have been winners - I am fairly prudent yet always looking for trends and will hold long term. I don't rely on dividends though they are preferable. Would you make changes for another holding(s)?

Petroleum: TOU, FRU, ENB
Finance: GWO, NVEI
Steel: STLC, LIF (Watching cyclical trends)
Auto: MG
Mining: CXB, KL, (TRQ - I expect an upturn in 2 quarters)
Software: CTS, LSPD, TOI
Healthcare: WELL

Thank you for your support.

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Read Answer Asked by Martin on June 15, 2021

Q: As a TD Waterhouse user, I received a notification from them this morning that TD had pulled the Q4 IPO. TD gave no reason, and I've been unable to find any other information. I hadn't asked to subscribe to it, but I'm curious about what happened since it was so widely touted. Do you have any insight? Thanks.
Barbara

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Read Answer Asked by Barbara J on June 15, 2021

• BRP Inc. Subordinate Voting Shares (DOO $68.20)
  • $68.20 Cap: $4.98B
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Q: Can I get your opinion on BRP for a long term hold please, with a review of fundamentals including debt, profitability, cash flow and growth potential.

Carl

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Read Answer Asked by Carl on June 15, 2021

• Flutter Entertainment Plc (PDYPF)
  • Cap: $36.20B
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Q: My brokerage does not seem to support purchase of PDYPF, at least not online. What are the taxation implications of purchasing Flutter's PDYPY ADR version in a TFSA? Some sites warn of double taxation with ADR versions.
Thank you.

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Read Answer Asked by David C. on June 15, 2021

Q: Several recent IPO offerings have been withdrawn by the issuer, including LMPG and Q4. Are there specific reasons or is this part of a general trend?

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Read Answer Asked by Jeff on June 15, 2021