Investment Q&A

Q: The above pipeline companies are still declining. With declining interest rates I might have expected them to recover at least somewhat after the recent sharp declines. What is your perspective on these continuing price declines? Do you think the dividends are reasonably secure?

Q: I would appreciate your thoughts on PPL preferred shares. I own the G series, which have dropped significantly over the past few weeks.

Thanks,
John

Q: Pembina is acting badly again today (unlike the other pipelines). Any rationale for this? I see that it was halted earlier today but no news was posted as to why.

Q: Any news behind the 15% drop in share price today?

Q: Good Evening
I own both IPL and PPL
I understand that the drop in oil prices is causing stocks like Vermillion and Whitecap to plummet. However, I am very surprised with the 23% drop in IPL, and PPL.
Can you please provide some explanation as to why there was such a huge drop in the prices of IPL and PPL today? After all these companies are not oil producers.
I will also appreciate it if you could provide some insight whether it is now time to average down on IPL and PPL , hold them or sell them.
I will appreciate your comments. Please deduct two credits.

Q: Any idea why ppl which currently yields 5.27% was down last week while the above other defensive stocks were up?

Q: It looks as though utilities, and renewable utilities in particular, have taken off, while Canadian pipelines, which are also traditionally stable investments, are either flat or dropping.
Do you have any comments on whether:
1. this is a short term disparity or a fundamental shift,
2. whether one group is better than the others at current prices, and
3. If the recent drop now otherwise creates a good point of entry for any or all?

Q: Why PPL has dropped much less compared to Enbridge

Q: Follow up...
ENB or PPL for purchase today?
Tks.
G

Q: Hi, could you please comment on PPL’s earnings and payout ratio please. Thanks

Q: Thoughts on earnings? If you back out the $300 mil impairment charge what does it look like? A comment on their guidance going forward?

Q: Q: Hello Gentlemen,
I hold 5.8% of TRP and 4.2% of ENB in my portfolios. Long term TRP has underperformed both PPL and ENB. I consider selling half of TRP (in RIFF) and use the proceeds to take a position in PPL.
Your opinion please.
Thank you,
Werner

Q: How would the Teck Frontier oilsands mile project affect Enbridge or Pembina (if at all) if it is approved or rejected? Thanks!

Q: Hi,

I have enough cash to add one of these two. Would you suggest one over the other or is this 6 of one and half-dozen or the other choices?

Thank you.


Larry

Q: Hello Gentlemen,
Are the above listed companies still buyable at this time?
Thank you

Q: I have had a small position in Keyera since before the oil price crash. It is still down 20% and even the most optimistic forecasts will only bring it close to my cost price. Its dividend is about the same at PPL, is lower than ENB and higher than TRP. ENB is my only other pipeline stock. I could sell KEY and add to ENB or open an position in PPL or TCP. Which do you think would be better for income and a little growth?

Q: An y chance that ENB could benefit directly or indirectly from the Court's decision to allow
PPL to transit of fuel through BC to the coast?? or is better to invest in PPL??
Art

Q: Is PPL good value at this time?

Also, in your opinion, which specific companies will benefit most from the impending shift from gas to electric powered vehicles (that is, companies that will be tasked with building the infrastructure such as commercial and residential charging stations, etc.)?

Q: Hi, I currently hold ENB (0.53%), PPL (1.03%), TOU (0.48%), and WCP (0.37%), total of 2.42% of my portfolio. I actually have ENB in my utility sector weighting, which would make my overall energy even lower. Would you consider it 50/50 energy/utility??

I'm looking at slightly increasing my sector weight in energy to maybe 4-5% since its so low (mostly because my current holdings have gone down or I've sold previous energy positions). Energy companies in Canada have been hit so badly its hard to put money back into the sector right now. I know you hold MCR in your portfolio and you like PXT and SU. Based on the current valuations/fundamentals and future potential, should I add to any of my current positions, sell them, or add PXT or SU to the mix?? How would you suggest consolidating these?

Thanks!

Q: IPL dividend percentage increases since 2004 have been 4.17, 4, 7.7, 8.3, 6.6, 8.2, 12.4, 11.9, 12.8, 5.3, 3.8 and 1.8. Current yield 7.57. Payout ratio 30% using op cash flow and 244% using free cash flow.

PPL dividend increases since 2004 have been, 8.5, 5.3, 10, 9.1, 8.3, 0, 0, 0, 2.6, 3.1 7.3, 4.7, 5.6, 7.4, 9.8 and 5.3. Current yield 4.94. Payout ratio based on op cash flow = 55%, on free cash flow 121%
Do you see a worrisome trend here especially for IPL and how secure do you feel the dividends are for both companies.? In your experience does the decreasing yearly percentage increases especially now for IPL, trending to zero, predicate a 0 % increase eventually or a dividend cut?

Thanks
Jeff