Investment Q&A

Q: Hi Team,

ENB, CNQ, SU are about 7.5% of my CAD portfolio. Is it ok to hold both CNQ and SU or are they too similar? If they are too similar then which other stock should replace one of these? My investments lean towards growth and dividend growth.

I have held Visa for over two years. I was hoping it will benefit from post panademic opening. So far it has done little. On valuations it appears overvalued. So do other payment stocks. Any suggestions?

Thanks
RR

Q: Some of my weightings have become low and wondering which one of these currently would be the value to add to.

Q: I read that Jan 16, 2023 Suncor amended an agreement with Elliott to add an additional director for Jan 31, 2023 to Mar 17, 2023. Why would SU add a director for 45days?
Thanks

Q: I see in one of your latest answers your liking su over cnq wondering what criteria it is that leads you in that direction? Also i hold cnq and wcp and looking to add to my oil and gas holdings. Would you add to my current holdings, or add a third or fourth position say in tou and or su? Thx

Q: I have 20 Thousand US Cash in My US RRIF acc't. I am looking at deploying it into 5 stocks for income. I don't have any oil sector stocks or ETF, Reits or banks.Looking for idea's which could bring dividends and growth over time.Tks 5i take as many credits as required. 79 year old.Do not need any money to pay my RRIF monthly payment as I have Can account with ample cash for 18 months

Q: Hi There,
Do you expect the energy and resources sectors to continue to do well in 2023? I'm contemplating selling SU and/or Teck and moving the money into a US mid cap ETF such as VO. Apple to Oranges I know, however looking for the best risk/reward scenario.
You thoughts please.
Thank you

Q: Hi Peter, Ryan, and Team,

For this year's TFSA, and being underrepresented in energy, please rank CNQ, SU, and TOU. Any other suggestions would be welcome.

Thanks in advance.

Q: Hi 5i,
I wonder if you could give us some guidance. My wife holds the above in her RSP, with all being more or less a full position except for ENB at 2X, BCE, CM, and SU at 1.5X each and CHR and DXT at .5X each.
She has until the end of 2024 to convert to a RRIF and currently has $40K to contribute to her RSP and has the room for that contribution.
She would like to invest in some different names, or divest/reinvest in those she has, with an eye to maximizing value before the conversion to a RRIF and to continue thereafter. She's not asking for much - just safety, capital appreciation and income ...!
Based on this info, can you offer any thoughts on new names to add or which of the existing to either pull back on, or dump entirely if that extreme measure seems warranted?
Thank you 5i, and we wish you all an excellent holiday season.
Peter

Q: Hi 5i,

In your answer to a question on December 1st, where it was about your interview with Kornel Szejber of Build Wealth Canada, you included in the list of stocks to buy and forget, Suncor stock. Was this a typo? Despite all its intrinsic qualities, SU is in such a cyclical and volatile sector, where companies have so little control over their destiny. If it wasn't a mistake, could you elaborate a bit on this choice?

And simply, does the recent decline of the stock make it a good entry point?


Thank you very much.

Q: Hi, BNN had a guest on Friday last week, Javed Mirza, who is the Chief Technical Strategist with Canaccord Genuity. He mentioned of a bull market cycle from 2018 to 2022, where Energy stocks enjoyed some of the best gains. As per his analysis, a new 4 years bull market cycle began this year (2022-26), where the best sectors to own will be Materials, Industrials and Financials. Interestingly, as per his view, Energy sector, which he strongly recommended in early 2020, has already run its course and these stocks are not likely to get further traction ( he expressed same views for Suncor ). Addressing a question on Shopify, he compared the chart with Bosch ( Ex Valeant Pharma ) and suggested that SHOP stock could languish for many years and should end up like Valeant. His advice was to stay away from Energy Sector and stocks like SHOP. 2-3 years ago, Mr Mirza, during an appearance on BNN, made a strong case to own Constellation Software, and he was spot on. I think, his view on the 3 favorite sectors, Materials/Gold, Industrials and Financials make some sense, but his comments on Energy Sector and SHOP left me confused. Would appreciate your thoughts !! Thank You

Q: Hi 5i,

What’s your perspective on the Energy sector going into 2023? I’ve had big wins on all 3x stocks, and am trying to decide whether to trim positions in the face of a potential global recession.

Thank you!

Q: Good morning. I watched your interview with Kornel Szejber from Build Wealth Canada. On it you discussed immunization which was most helpful. You also mentioned that you thought of CNR and CP as set it and forget it stocks. With that train of thought in mind which other canadian dividend stocks would you put in this same category? If I was to purchase 10 dividend stocks to take advantage of the dividend tax credit in my non registered acct which would be my main source of income which stocks should I consider.
Thanks
Victoria

Q: Hi, What is your assessment of Suncor after today's highly anticipated investor's day and stock selling off apparently triggered by company's decision to retain Petro Canada gas station, which has 18% market share of Canadian fuel distribution business. One of the reasons, company assigned was the safety net/cushion this business provides during the times of company facing headwinds of lower demand for oil. Looks like, market was expecting a decision otherwise. which would have helped rerating of shares and narrow the discount, stock trades at, relative to its peers. How would company fund its purchase of Fort Hill Oil sands, from Tech Resources, due to close in 2023 ? How does this all play with activist investor and overall impact on stock price ? Thank You

Q: Hi, Why has Suncor stock sold off today morning, while Energy sector bounced ? Is this related to company's decision Not to sell its Petro Canada to add to existing position ? Thanks

Q: Is there a particular reason that you do not own more energy stocks in the portfolio’s and are underweight the sector? Seems somewhat surprising in light of many companies returning capital to shareholders via significant dividend increases and share buybacks this year.

Q: Top 3 picks in oil and gas please.

Q: 5i, What is the real truth on oil supplies?? I follow Eric Nuttall fairly close and he has claimed for the past year that oil reserves are way under what they need to be. He forecasts oil to be up for at least the next 6 years. His philosiphy is that Co. are commited to share buy backs and div. increases as opposed to future
capital expenditures. He goes so far as to say it really doesnt matter what the Saudis do long run.
On the other hand BNN reports this morning the Saudis will increase supply and oil market drops like a rock. Saudis deny report and oil back to 80 dollars. Two extreme views. What do you see as being correct.?? I feel oil and gas will be around a long time. At least until a replacement has been found. Thanks for opinion Ken

Q: The only energy holding I have currently is SU at 5% of my total portfolio. Given conflicting economic predictions for the next 12-18 months, would you suggest I increase my energy holdings or stand pat? If increase, by what % and could you provide 2 or 3 names with some growth and dividends >2%? Thank you.

Q: I wish to add more energy stocks to my portfolio for diversification. I have ENB and SU. I am thinking of adding GXE, PXT & TOU, all three seem to have very low or no debt, and either PPL or TRP. All for a 5-year hold. I do enjoy the high dividend yield but would still wish to have some growth and safety. Please feel free to add or remove any from my list of your choice, rank them from the best to the least, and each with a reasonable entry price. How long of a time frame would you recommend to spread over the additions?

Thank you again for your insight.
Roger

Q: Please comment on Suncor and Tourmaline results. Thanks