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Investment Q&A

Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.

Q: I am finally going to dump my AQN holdings and would like to redeploy capital to get similar dividend yield. I hold hold postions in all of the other stocks listed. How would you rank order them in terms of value/upside and are there any particular standouts which you would recommend for a buy now. Thanks
Read Answer Asked by Gary on November 28, 2023
Q: 1:17 PM 8/30/2023
Hello Peter

I am trying to decide if it is worth investing in either Keyera or Gibson Energy as both seem to be attractive stable little companies that just go about their businesses.

I would appreciate your comparative analysis of Keyera and Gibson Energy for a very long term hold. Can you comment on debt levels, quality of management, possibility of a takeover, liklihood looking forward of regular dividend increases, and the potential of each company for future growth.

Both companies have nice dividend yields now. but no meaningful increases in share prices so the only reason to own either one is for the annual dividends, but Keyera's share price has fallen from about $50 in 2014 to about $34 at present so the dividends barely make up for the capital loss. Similarly Gibson's share price now [about $20] is the same as it was in 2011 so no growth there either but at least you did get to collect some dividends along the way.

Gibson's dividend was up each year since 2012 but was flat from 2017 to 2019, and Keyera's dividend was raised annually from 2004 till 2020 with twice with no raises, and no raises from 2020 to the present so one wonders if the cash flows are a bit weak some years.

It seems to me that of the two Gibson, although a much smaller company than Keyera, may the better bet.

So in your opinion is there any economic justification in investing in either of these two little companies?

On the other hand maybe this is a wild goose chase looking at Keyera and Gibson and maybe it is better to just stick to PPL, ENB, and TRP.

Thank you.......... Paul W. K.

Read Answer Asked by Paul on September 01, 2023
Q: 7:37 AM 8/10/2023
I was looking at the share price graph of KEY this morning. On your 5i Interactive chart it shows the price as $30.19 as of Sept 01, 2014. However TD Waterhouse shows the price as $49.92 for Sept 01 2014 and Yahoo shows the price as $49.13 for Aug 31 2014 so they agree.
This is a HUGE difference.
According to 5i I have broken even but according to TDWaterhouse and Yahoo I have lost a lot of money. Which do I believe? It makes it very hard to judge historical capital gains and makes it really hard to judge whether a company is worth investing in. I doubt that many people reinvest the dividends back into the same company which I think is what the 5i chart does.
What counts is what you actually paid. Please explain
If I had bought shares in September 2014 which price would I have paid?
Thank you........ Paul W. K.

Read Answer Asked by Paul on August 10, 2023
Q: This seems like an ideal entry point for these stocks.!
On May 4/23 you were asked to rank the above by expected Total Return and Dividend Safety.

1. How would you rank them today?
2. Looking forward what are the key points that would support your rankings for total return?
3.What are their projections for dividend increases and which if any seem to be over-reaches?
4.What are their projected Debt vs Cash Flow metrics?

Thank you, Hugh
Read Answer Asked by Hugh on August 05, 2023
Q: Could you please rate the following companies with respect to risk for inclusion in my TFSA. They are listed as to yield from highest to lowest. KEY/GWO/CU/EMA/BIP.
Read Answer Asked by Gail on July 17, 2023
Q: Hi 5i Team, I'm a retired dividend investor supported by portfolio dividends.

Currently, I'm holding positions in ENB and TRP for my pipeline weighting. I'm concerned about the lagging performance of TRP. What are your thoughts on trading TRP for PPL? Alternatively could also consider GEI or KEY.

Can you please list your favorite pipeline selections in order of growth and safety?

I like to hold 2 sector companies for diversification. Also, as TRP has been flat there are no cap gains. Please advise.

Thank you.
Read Answer Asked by Maury on June 28, 2023
Q: Hello, with the current inflation scene, economy and interest rates, expectations of a pause by Federal Reserve and possibility of a soft landing, what sectors will be your favorites to invest/overweight today with a 5-10 years horizon ? And, in these sectors, what will be your best 3 picks, based on current valuation and future growth, in order, with suggested price levels to buy/add ?

Thank You
Read Answer Asked by rajeev on June 08, 2023
Q: Hi 5i,
I have 3 different questions- please deduct accordingly.
1.) Since March 24 KEY (+12.46%) has outperformed each of ENB (+6.21%), TRP (+8.75) and PPL (+8.06%) by fairly substantial margins. I know that's a short time frame, but can you offer an explanation for KEY's better performance, and would you expect it to continue to lead the others over the next year?
2.) GSY is at or close to its lowest level since January 2021 - do you think the relevant company, sector and economy related bad news is now priced in and expect it to recover to the $150 range over 12 - 18 months, or do you think that's a pipe dream, and why or why not?
3.) In your opinion is ET likely to recover to at least the $14.00 level (where I bought it some time ago) this calendar year - and why or why not.

Read Answer Asked by Peter on April 18, 2023
Q: Early in the winter I bought some Keyera, but only got about half of what I had bid for. The price started to climb, so I just let the remainder of the bid expire. The price is now back down near my initial purchase, and I am debating whether to purchase the other half (I hold a 1% position, this would make it 2%). Could you comment on:
1) current guidance from management
2) debt levels, and how this compares to others in the industry
3) dividend payout percentage
4) do you consider it a "buy", and if so, buy now or wait a bit

Thank-you, Grant
Read Answer Asked by grant on April 03, 2023
Q: I own the above pipeline stocks in various accounts. In my flee to safety and dividends, I am now overweight in this sector. Could you please rank the above securities and which security you would hold or sell.

Read Answer Asked by David on March 28, 2023
Q: Good morning.

I noticed that KEY is going to switch from monthly payout to quarterly. Is this good, bad or neither? Pembina started that too this year. The dividends are the same but over the pass few years I notice a few stocks switching. I think Parklawn (PLC) did a few years ago as well as AD.UN. It just seems like more and more of my monthly payers are switching to quarterly.

Read Answer Asked by Jimmy on February 16, 2023
Q: Good day,

Can you please rank the following for me in terms of personal preference - ENB, KEY, PPL, T, BCE, SLF, TRP. I own them all, but just want to see how closely calibrated my weightings are compared to your relative rankings.

Thank you.
Read Answer Asked by Trevor on January 05, 2023
Q: These stocks have been identified as the top 10 undervalued mid cap stocks. Would you consider any of these be buys and if so, (given no consideration for sector) can you list in terms of most favorable first. Also, which do you think will "hold on" best given the economic uncertainty and likelihood of recession.
Read Answer Asked by Colleen on October 20, 2022
Q: Hi, how safe is the dividend on a scale of 1-10 whereby 10 is very safe. Do they carry debt that could some day impact the dividend as rates rise? Has the dividend ever been cut? Any reason why the dividend has not been raised for a few years? Lastly, do you see Keyera as a takeover target in the future. Many thanks as always for the great service that you provide.
Read Answer Asked by Anthony on September 29, 2022