Investment Q&A

Q: Have owned ESL with 2000 shares & IPL with 4000 shares for several years with substantial gains of 135% & 170% respectively. I am considering a trim of 25% on ESL & 50% on IPL. This would free up approx. $85,000 in a RIF acct. Would appreciate your suggestion for 2 new additions to complement the existing holdings which include KXS, DH, EIF, MIC & RY. Thank you.

Q: Can you please discuss and rank these pipelines for a 3+ year hold from a growth perspective?

thanks

Q: Hello,

Two part question. What news is there to explain why PPL is down 2% today and IPL up 2% (as of 2:50pm)?

Also, if we assume that the sector moves largely as a group with occasional daily fluctuations, would it not make sense to SELL holdings of IPL on a day like today to replace it with PPL given the roughly 4% gap in their daily movement? I watch these two and it seems that this approach could yield small but consistent growth.

Thanks!

Q: Could you please comment on the earnings and which one to purchase or both"

Q: Hi Peter & Co.,
Can you please comment on the most recent quarterly results for Inter Pipeline? They missed street expectations. I hold this one primarily for income. From a portfolio management perspective, how much should a quarterly result such as this influence my thoughts on holding, reducing, or selling my position?
Thanks!
Brian

Q: Hi there,

I am seeing the IPL is experiencing shutdowns due to the fires. Might the short term impact here be reason to exit a position and rebuy at a lower price or should the impact to the stock price not be that great?
Would it make sense to switch to PPL or perhaps a producer such as CPG or CJ that is differently affected?

Q: Hi, 5i.

For pure utilities, I have BEP (2.0%) and RNW (1.5%). I also have ENB (2.0%) and IPL (1.0%) if you consider those utilities.

I'm looking to increase my utilities allocation and wondering if I should add to what I have or take a position in Fortis (or another name you recommend).

Thank you,
Robert

Q: I sold all my energy and pipeline positions in early 2015 and currently have no such holdings. I am considering slowly re-entering this space. Do you think it is a good entry point for Ala, ppl and ipl? Any addition, deletions and modification would be appreciated. I am not adverse to risk. Thanks for all the good advice past, present and future.

Q: I hold the following equities among a wide variety of long-term positions. I have lots of patience, can wait while the cycle turns, and in no need of cash. I would appreciate your view on each of the following as to whether it is "dead money" for the near future and should be sold now. I will replace all sales by others. Aston Hill Trust units AV.UN; Mint Income Fund MID.UN; S.K.Telecom SKM(U.S.);
AG Junction AJ; Canadian Tire CTC.A; High Liner HLF; Inter Pipeline IPL; KP Tissue KPT; Street Capital Group SCB; Time Warner New TWX (U.S.); AT&T (U.S.). Thank you in advance for your wonderful service.

Q: Greetings Peter & Team:
A short time ago your comment was that you preferred gei over mullen transport. I own ipl and would appreciate as detailed a comparison of ipl & gei as your time permits. To my knowledge they are both midstream producers. Also, in your opinion which has the most upside in a changing market, and considering all metrics, which would you own. I await your learned opinion.
Regards,
Ben.

Q: Could I have your thoughts on this company's recently reported earnings and do you consider it a buy at the current price. Thank You.

Q: PAR Value: 5,000
Security Type: Corporate Bonds
Issuer: IPE
Maturity Date: 14 Jul 2028
Coupon: 6.1%
Approximate Annual Yield: 4.679%
Approximate Semi-Annual Yield: 4.626%
Rating*: BBBH/Baa2/BBB+
Amount of Inventory: 291,000
Special Term: CALL D+16
Approximate Price/100 CAD: 113.84 CAD
Hi, I dont have much experience in buying fixed income corporate bonds. What do you think about this one as a part of my fixed income allocation. The bank charges a $50 commission so a $5000 par value comes to about $5,703.85 CAD at todays rates. My other fixed income buys are etfs like VSC, BXF, VAB for about 15% of my portfolio. Thanks very much. Have a great cruise! Cheers, Shyam

Q: I sent this question on Friday afternoon but it seems to have been lost in the deluge.

I would like to increase my holding in the utility sector for balancing purposes. I am looking for a solid dividend and some growth to balance out the more risky areas of my portfolio. I have looked at your answers regarding ENB, TRP and IPL and can't discern which one you favour. I am thinking IPL because it is the most beaten up and offers a high dividend yield. I have learned not to just chase yield but they are an exerienced company who have just increased their dividend, cut their cap x and provided thoughtful guidance (I think). The one negative I see is that much of their volume comes from the oilsands and perhaps there is fear that this supply will decline in this low priced environment because it is expensive to produce.

With this background, are pipelines a good investment as utilities and if so, is my thesis on IPL sound? Secondly, would Telus be a better "utility" choice as some analysts/advisors do include the telcoms in this sector.

Thanks for your insight.

Paul F.

Q: Hello.
Thanks for the quality reading about companies. This subscription has generated educational and financial benefits.

After review of many income and quality holdings held through 2015, I find myself questioning Portfolio Management strategies. While I attempt to have a long time horizon and focus on the company not the ticker, I have to question the practice of an Investor holding companies that rise nicely in price only to fall from high prices (pick any reit or quality income oriented investment).....essentially doing a round trip ..some into a negative position. (IPL, BEI, WSP, TCN, CGX will be there soon)

Often accompanying the Investor along this journey are comments like, good company, good to hold for income investors, fundamentals look good or the dividend should support the stock price.

Can you offer thoughts on the above general scenario and either how to overcome the sense of loss as stock prices tick lower for companies previously sporting gains or what alternative strategies/ Portfolio actions are out there (not trying to be a trader) to help reduce the downside action of a Retail Investor's portfolio?

Thanks for your efforts.
Dave

Q: Hi, I realize O&G is clearly out of favour right now, but would like your thoughts on Interpipe and Whitecap. Both seem to be very good companies with good managment, but both are being hammered by the general market, and oil in particular. Both are yielding about 7.5%. Do you prefer one over the other, or should we just stay away from both for now? Thanks

Q: I noticed that the above filed a prospectus for 3 billion to issue Prefered.How will that affect them and would it be a buy at these prices and is dividend safe.Are they just refinancing or buying a company ??

Q: IPL recently raised it`s dividend and is now yielding 7.21%. As a person who relies on divs, I ask myself "Is this to good to be true? The chart is terrible but the div. is fantastic. So my question: If oil stays at $40 for a longer term at what point in time does this 7.21% become in danger? Three years,5 years? I understand that you do not have a crystal ball but is IPL turning into a yield trap? Thank You Ron

Q: Hi Peter and Staff
In my pipeline holdings I had IPL and ENB as double what I had ALA,PPL,KEY and TRP. If I read things correctly,they may be more reliant on oil sands projects that the rest. Does it make sense to look at all of them equally going forward or is IPL still better than ALA,PPL,KEY and TRP going forward?
Thanks for all you do
Dennis

Q: Hello,
I want to sell either Inter Pipeline or Pembina Pipeline but can't decide on which one. If you had to choose, which would you sell. I like both but want to use the funds elsewhere.
Thanks,
Martin

Q: Do you think this is a good time to buy?