Investment Q&A

Q: I need to gradually raise cash over the next 6 months and am operating on the assumption that interest rates will begin a to decline in late Q1, I would only like to sell those holdings that are less likely to do well in a declining interest rate environment. Please rank each of these holdings from "Sell Now - least likely to benefit from a declining rate environment" to "Avoid Selling - should do very well in a declining rate environment". AQN, BCE, BN, BNS, DSG, ENB, GSY, KXS, NTR, PBH, TCN, TD
Thanks...Glenn

Q: I held AQN in two separate accounts for over a year, I sold AQN in the account that had the largest position (80%) and I've hung on to AQN in the other account.

I thought of replacing AQN with NPI to maintain my sector exposure, I've yet to make that purchase.....why???? I've been side tracked with the idea of buying BEP.... Can you folks please wade in, would appreciate some of your thoughts and rationale.

Happy Holidays to the staff and readers

Q: Hi Peter, Hi have listed my big loosers and will appreciate you opinion for clean up purpose. 1. Can go right away 2. There is some hope so hold on 3. add more

Q: Hello Peter,
I am thinking of increasing my weight to 5 percent for Fortis. I understand that the company has been stable for long time with increasing dividends, but is it possible that it could run into headwinds as Algonquin did? I am wondering if i should stick to 3 percent and put the other 2 percent in hydro one and Emera.. Thanks very much

Q: Could you rate these company's expected performance over the short and medium term( next 3 years)? Which would you sell first for tax loss purposes? Thank you

Q: I own the companies in question in an unregistered investment account. To offset some capital gains I was thinking of divesting myself of some of these investments. Please rate them in order of disposition in your opinion. I am a retired investor who believes in companies with a history of dividends. Additionally, can you suggest 3 potential investment replacements, thanks.

Q: Your opinion on headwater?? I also own Supremex that I am up nicely and could move that or move on from AQN.
Thx

Q: What probability would you put on another dividend cut for AQN?
Thanks as always.

Q: Hello Peter
Your comments on Knight's , Canopy Growth, and Algonquin Power's results please? Much appreciated

Q: Do you think AQN and BEP.UN will have any more downside due to tax loss selling, and would you consider avging down at any time. Thanks

Q: I just sold the above stocks to harvest tax losses. I intend to repurchase them in 30 days. How important (or prudent) is it, in your opinion, to purchase proxies for them? What could you recommend if your feel it is useful to do so?

Appreciate your insight.

Paul F.

Q: Many utility companies have lost half of their market capitalization from their peak. Do you anticipate any utility companies being potential takeover targets in the upcoming month?

Q: Hello,
Based on their financial statements, are these companies worth keeping or exit before year end for capital loss?
Thanks
CR

Q: Can you please tell me the estimated forward P/E for the above 4 utilities. Could you please rate from best to worse for potential total return over the next 2-3 years.
Thanks

Q: I haven't been following the market too much for several months and was shocked to see that AQN has fallen dramatically (from about $10 to $8 in one month). I don't see much news or questions on AQN. Any insight into why there has been such a dramatic drop?

Q: 40-70% losses on paper on these 4 Cies ,2 are now under book value and one is getting close,I wonder if there is a limit on the downside.At this level I am ready to wait for some kind of recovery..Would a "switch" between these stocks or even a sell would be to consider at this level ?I know that predictions are impossible,but your impressions are always appreciated..

Q: I am a long-term buy & hold type of investor. There are 3 companies in my portfolio with renewable energy assets--AQN, BEPC, NPI-- with percent weightings in my portfolio of 0.7%, 0.9%, and 0.8%, respectively (2.4% in total). I have an unrealized loss with AQN of ~$40,000, and so was thinking of crystallizing the loss-- temporarily shifting the proceeds to BEPC--with a plan to re-buy AQN in >30 days. HOWEVER, given that AQN is planning to divest its renewable energy assets (correct?) and given that I have lots of other utility exposure (FTS, EMA, with these 2 securities totaling 3.5% portfolio weighting), perhaps it would be better to just keep the proceeds from the AQN sale in BEPC (and perhaps also upping the NPI holding somewhat), and not bother re-buying AQN in >30 days time. With the general caveat that you are hesitant to give "personalized" advice, how would you handle this type of situation?

Ted

Q: Hi 5i,
I like putting you guys on the spot because I can get objective opinions.
If one wanted to buy and hold either CU or AQN today for an RRSP with no short or medium terms plans to sell (ie collect income and hold for long term). Which one would you buy and what would be your high level reasons? I already own a full postion in BIP for my RRSP but I think another multi-utility might be good to own since they seemed to have depressed prices and very good dividends.

Q: Hi 5i

Is anything expected of AQN in the near to mid term to turn its fortunes around ? You've mentioned previously you consider it a hold ... how long would you monitor this one for signs of a turnaround ? Frustrated but willing to see how this plays out.

Q: ENB’s large acquisition and stock issue with the resulting (short term) price hit looks like a buying opportunity to me. Thinking of exiting out of AQN as it looks like it’s going nowhere and buying more ENB. Good idea?