Q: the pipelines enb,ipl,trp,ppl have showed quite a downturn recently-is it just profit taking or is some other reasons ?
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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: Last night on Market Call, John Zechner was on and said that he would sell the railways, the pipelines, and the auto parts manufacturers as they were all too expensive and he didn't see any upside for them. Could I have your opinion on this, particularly with regard to Enbridge and Magna?
Q: I have a couple of preferred's(royal,Enbridge)with rate resets.These are part of my fixed income portfolio,but I am unsure about how they would be effected by a correction in the equity market.These are long term investments but I would like to be aware of how they might react.
Q: Pipelines:
In looking to add pipelines to a balanced portfolio what is your preference when it comes to company size,looking at growth first and income second. I.E. ENB/TRP vs IPL/PPl. If chosing one, which would it be? (or other suggestion) Also how do you feel SCL fits in to the mix. As a supplier of pipeline coatings, is it a redundant play or a stock with different qualities/prospects than pure pipelines?
Thanks very much as always!
Phil
In looking to add pipelines to a balanced portfolio what is your preference when it comes to company size,looking at growth first and income second. I.E. ENB/TRP vs IPL/PPl. If chosing one, which would it be? (or other suggestion) Also how do you feel SCL fits in to the mix. As a supplier of pipeline coatings, is it a redundant play or a stock with different qualities/prospects than pure pipelines?
Thanks very much as always!
Phil
Q: A group of 8 Pipeline and Midstream companies analyzed by a broker has a 2015 forward PE of 28.4, after removing a high outlier, VSN. To me this number seems quite lofty and I'd like to know how it compares historically, say in the group's last cycle peak; after all how much growth can this group generate? I know the analysts say that growth is visible years out but it seems N. America is presently awash in oil with an average 250,000 BPD being imported by Eastern Canada from the U.S. so if shale oil continues to expand production, and there's no consensus on this prospect, would that be a catalyst for the group to stumble or accelerate growth? It seems likely that the growth number should be far less than 28% too, hardly justifying the PE.
And it seems the group is analyzed on its AFFO yield (like REITs) of 6.3% for 2015. Should interest rates rise would the group be hurt by the rise? Current stock yield averages only 3.6%. In the group I hold ENB with smaller positions in IPL and ALA; stock prices have been on a 45 degree climb for several years now - time to take profits or just watch closely? Thanks, J.
And it seems the group is analyzed on its AFFO yield (like REITs) of 6.3% for 2015. Should interest rates rise would the group be hurt by the rise? Current stock yield averages only 3.6%. In the group I hold ENB with smaller positions in IPL and ALA; stock prices have been on a 45 degree climb for several years now - time to take profits or just watch closely? Thanks, J.
Q: ENB has strongly lagged the other pipelines ytd, as well as in August. Why? Is this likely to continue? And do you still prefer ENB over IPP, TRP and PPL. If so, why?
Q: ENB - I cannot wrap my head around the current cash flow per share multiple. Nor the EPS multiple. And the yield is only 2.6%. How do you determine when a stock might be overvalued or is it more a question of momentum and business strength?
Q: Hello 5i,
I manage 2 RRSPs in our household. I am running the income portfolio on the larger account and the model portfolio on the other without duplicating crossover stocks . Does this sound like a valid strategy?
I am adding 2 stocks to both accounts and would like you to give me your preference at this time.
For Income portfolio ENB, ET, L, SLW and VNR
For the Model portfolio AYA, CSS , FSV, CCL.B, and DSG
Thanks
I manage 2 RRSPs in our household. I am running the income portfolio on the larger account and the model portfolio on the other without duplicating crossover stocks . Does this sound like a valid strategy?
I am adding 2 stocks to both accounts and would like you to give me your preference at this time.
For Income portfolio ENB, ET, L, SLW and VNR
For the Model portfolio AYA, CSS , FSV, CCL.B, and DSG
Thanks
Q: I am looking to compliment my portfolio with an infrastructure dividend paying company , considering BIP.un, but not happy with their latest quarterly results. Can you suggest a better choice. many thanks,Joseph
Q: Do you see a considerable and favoyrable uptick in enbridge at this time--what might cause interest in pushing its price back up to its recent highs and is it worth it given low dividends
Thanks
Thanks
Q: Hello Peter, this is a follow up to my previous question regarding positions in daughter RESP, where you advised no "need" of both ENB and TRP and 1 can go. Which one should be kept,looking at next 4-5 years time frame. Or you recommend any other in lieu of these 2.
Q: ENB
I read recently that Enbridge uses most of it's cash flow to pay out the dividends and then issues shares to finance it's new projects and it has been doing this for a number of years.
Is this not a "mugs" game?
Thanks.
I read recently that Enbridge uses most of it's cash flow to pay out the dividends and then issues shares to finance it's new projects and it has been doing this for a number of years.
Is this not a "mugs" game?
Thanks.
Q: ENB's Northern Gateway pipeline approved by Federal with 209 conditions,5 fr.B/C.Gov't plus opposition fr.environmentist & the 1st Nation.You state it will eventually get built & will not affect ENB materially if at all.Please provide some names that will be adversely & positively affected.Thanks a lot
Q: safety??
the market seems to go higher and many feel a significant correction is coming. what say you ??
Which stocks might fair best in a serious correction or and bull market.A short list with a reason would be very helpful.
thanks
Yossi
the market seems to go higher and many feel a significant correction is coming. what say you ??
Which stocks might fair best in a serious correction or and bull market.A short list with a reason would be very helpful.
thanks
Yossi
Q: Good Morning:
I am more fearful on the Northern Gateway Project outcome ... Investor confidence is waning due to First Nations and Kitimat opposition ... I just received notice of a new share offering . ( is this bad timing ? ) . Is this going to be a 5 year legal trap ?
Does your opinion of Enbridge change with these events ? Thanks
I am more fearful on the Northern Gateway Project outcome ... Investor confidence is waning due to First Nations and Kitimat opposition ... I just received notice of a new share offering . ( is this bad timing ? ) . Is this going to be a 5 year legal trap ?
Does your opinion of Enbridge change with these events ? Thanks
Q: Hi team:
I owned all the pipelines: TRP, IPL and PPL as well as ENB
for the dividends and abit of long term growth
I have some extra cash, which one would you suggest for 3-5 years hold for dividends and abit of growth ? Thanks
I owned all the pipelines: TRP, IPL and PPL as well as ENB
for the dividends and abit of long term growth
I have some extra cash, which one would you suggest for 3-5 years hold for dividends and abit of growth ? Thanks
Q: hi peter
trying to understand why enbridge is dropping lately can,t find any negitive news.
your thoughts would appreciated
trying to understand why enbridge is dropping lately can,t find any negitive news.
your thoughts would appreciated
Q: I have ENB.PR.N-T at 4% reset in 2017. My question is how to decide when to sell preferred shares.
Similar preferreds have come available with a higher Dividend. I would sell Enb. as it is above its $25 issue, and pick up the newer issue with 5 years to go. Or could you direct me to a website that could enlighten me on buying and selling preferrers.
Thanks for the great work you and your team do, I have found it very helpful in confirming some of my purchases.
Thanks Jack
Similar preferreds have come available with a higher Dividend. I would sell Enb. as it is above its $25 issue, and pick up the newer issue with 5 years to go. Or could you direct me to a website that could enlighten me on buying and selling preferrers.
Thanks for the great work you and your team do, I have found it very helpful in confirming some of my purchases.
Thanks Jack
Q: Hi: I am interested in opening a position in Enbridge. Are there any near-term catalysts, positive or negative that I should take into account prior to investing? Does the Northern Gateway project pose any risks or has this already been priced in to the stock? Anything else you could tell me that would be material to my decision making process would also be much appreciated.
Thanks!
Thanks!
Q: Hello 5i team,
I have been reading your general guidelines on asset allocation in the various comments and have decided to add some fixed income in my portfolio.
My plan, in this case anyway, is to sell some companies that I hold in my RRSP and buy them back in my non-registered account.
One company that i am considering selling is Atco. Now, my question is whether, at this point in time, i would be better to buy back Atco, or one of its peers instead. I note in the RBC site that it cites Enbridge as a peer. I am not sure that they are the same but maybe so.
So, my question is whether i should buy a peer company or buy back Atco at this time? And on what basis would you decide this?
I should say that I suspect that Enbridge is fasting growing than Atco and has a higher dividend. I should say that I don<t immediatly need the dividend. Really appreciate your service and thanks for any help
I have been reading your general guidelines on asset allocation in the various comments and have decided to add some fixed income in my portfolio.
My plan, in this case anyway, is to sell some companies that I hold in my RRSP and buy them back in my non-registered account.
One company that i am considering selling is Atco. Now, my question is whether, at this point in time, i would be better to buy back Atco, or one of its peers instead. I note in the RBC site that it cites Enbridge as a peer. I am not sure that they are the same but maybe so.
So, my question is whether i should buy a peer company or buy back Atco at this time? And on what basis would you decide this?
I should say that I suspect that Enbridge is fasting growing than Atco and has a higher dividend. I should say that I don<t immediatly need the dividend. Really appreciate your service and thanks for any help