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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: Hi 5i! Saw this article on the potential resolution of Northland Power’s strategic review:
https://www.bloomberg.com/news/articles/2016-12-05/china-three-gorges-sdic-said-among-bidders-for-northland-power
The article mentions a couple of potential bidders and a recently passed deadline for initial bids but does so on an “individual who wishes not to be named” basis. What would be the best you could do as an estimate of potential upside on a bid, downside on nothing emerging, and probabilities of the various alternatives? I have a decent gain already, which I could book if estimations favor doing so, but I have hung in to this point to see how the review might go. Thanks!
Read Answer Asked by Lance on December 05, 2016
Q: Hi, I have a number of renewable energy companies in my portfolio including the above, which I treat as a mini ETF, and they have performed wonderfully with both yield and growth. They have pulled back with the election however. Have you changed your view on any companies in this area, and if so which ones?
Read Answer Asked by Patrick on November 21, 2016
Q: I'm looking to re-invest the proceeds received from the BNK take-out transaction. Ideally looking for another takeover candidate but doesn't have to be in oil/gas sector. Another criteria would be that the company is "solid" with limited downside if a takeover doesn't materialize.
Read Answer Asked by Chris on October 12, 2016
Q: Hi 5i: I’m a bit puzzled by Northland Power’s (NPI) strategic review announcement, as I am more used to seeing this move in the context of companies that have been struggling in one way or another and punished by the market. Over the time I have owned NPI it has appeared to be doing very well, with significant growth projects coming on stream and maintaining a very attractive stream of cashflow back to shareholders. At this point it still has more growth in the proverbial pipe and its support in the market has taken its yield down below 5%, even before the price pop on the review announcement. Is the review likely an indication that it has received overtures from a potential acquirer? What else might occasion the review in the context of a company that appears to be doing well and being rewarded with an increasing share price? Thanks for your thoughts!
Read Answer Asked by Lance on July 13, 2016
Q: In your write on NPI you said "there are other 5% yielders with less leverage". Can you tell me who they are.

Thank you as always
Craig
Read Answer Asked by Craig on June 28, 2016
Q: Just comparing NPI to other electric utilities in Canada during the past year this one wins hands down. Can you please explain the recent outperformance and future prospects. It still has an attractive yield of 5%. NPI generates power from renewable sources but then so does BEP.UN as opposed to a coal based utility such as TA. perhaps NPI would be a nice addition to the income portfolio.
Thanks for your great service,
Steve


Read Answer Asked by Steve on April 01, 2016
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