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AvatarRoger Conrad
5:12
But my advice on this one is hold until we see a deal or they raise their payout.
Andrew
5:12
Last one from me:  TRP or ENB? You were higher on TRP a few years ago, I think you had a hold on Enbridge at the time, but what about now? TRP seems to have a much bigger backlog, but it needs to get creative to finance it. ENB seems to have gotten it's leverage under control and has an clearer path to its investment plans. Do you recommend one more than the other given ENB's div is  40% higher than TRPs?
AvatarRoger Conrad
5:13
I always hate either/or questions when it comes to similar companies. But in this case, I definitely prefer TC Energy, formerly TransCanada. It has a better pipeline of projects for one thing and doesn't depend on a big one--though Keystone XL would certainly move the profit meter. Enbridge is getting blocked at Line 3 and now it looks like Line 5. I think they'll still grow but again with more risk than TRP.
Michael L
5:14
Hi Roger, thanks for this and all the other monthly web chats. Two questions: with VWITX up to around $14.50, are you concerned that a drop back to the $13+ level could occur; and, the recent action in SOHO
AvatarRoger Conrad
5:15
You're welcome. Yeah, I more or less am rating the Vanguard fund a hold at this price. I think the possible downside is somewhere around $14-$14.10 though, rather than much below that. Great fund but at this price a savings account or money market is a better parking place for cash. I have a discussion on this in the upcoming CUI Plus.
Michael L
5:15
Sorry, hitting "enter" sends the question. Just wondering about the recent action in SOHO. I don't see a reason for the drop below $7 and would like to know if you are aware of anything that might cause this.
Hilary
5:18
Hi Roger, Can you please give me a read on Bird Construction as well as the Canadian Reits, (Canadian Apt Properties, Dream Office and
AvatarRoger Conrad
5:18
No problem. This is another situation I will address in the next CUI Plus. The important thing is they had strong Q2 results that were in line with guidance and covered the payout by better than 2-to-1. I think far too much attention is being made of some relatively minor sales by the CEO, who after all owns 9.3% of the company, and that's very likely convinced some to sell. But the dividend is attractive and well covered and on track to grow-.
5:21
As I said earlier in the chat, I like Canadian Apartment and I cover it as well as Dream Office in the REIT Sheet in Deep Dive Investing. Dream Office as a hold currently. Bird I still track in Energy and Income Advisor, though I currently rate it a sell due to challenges faced by most of its customers at this time, especially in the Canadian energy sector.
5:22
Hi Hilary, first of all feel free to write me for more information on these Canadian stocks. I realize I'm probably the only resource in the investment newsletter sector on this side of the border and i do continue to look at everything I used to follow in the old Canadian Edge.
5:24
I did address Altagas earlier several times in the chat on multiple issues. Bottom line is it's a buy at this price. I will also say that RioCan REIT also continues to rate a buy and I do track it in the REIT Sheet. It continues to find ways to grow with new properties, while selling other assets at high prices to fund that growth. Great management team that's been there many years, the conference calls are always interesting for news on RioCan as well as Canadian property in general.
Hilary
5:24
Trying one more time: Hi Roger, can you please give me your read on Bird Construction; Altagas; Dream Office, Riocan Reit and Canadian Apt Prop? I have held all of these for a long time and have lost your guidance ... thanks so much.
AvatarRoger Conrad
5:25
Oops, posted my answer before your question. Anyway, please drop me a line if you'd like to have a longer discussion on Canadian stocks: service@capitalisttimes.com
Michael L
5:25
Roger, you keep referencing CUI Plus. Is that part of the CUI web page/ Where do I find it?
AvatarRoger Conrad
5:28
Hi Michael. If you wouldn't mind calling Sherry at 1-877-302-0749, she can tell you how to start getting it. Thanks for your interest.
Hey well that's all I'm seeing now in the queue. Thanks again to everyone who participated. Again, if there's anything you'd like to ask me offline, please do write us at
service@capitalisttimes.com
5:29
Don't forget there's two "t's" in there, so we'll be sure to receive it.
5:30
As I did take quite a few questions for Energy and Income Advisor stocks today, I'd like to remind EIA readers that Elliott and I will be hosting our monthly EIA chat next week. Expect to see a notice for date and time the next few days.
5:31
Those of you who aren't EIA subscribers, I invite you to join us by taking out a risk free trial subscription to EIA. You can see the issues, website, the works and participate in the chat--which like this one will go on as long as there are questions. Call Sherry if you're interested.
5:32
Thanks so much everyone for tuning in today and especially for subscribing to CUI! Here's to a season of investing success.
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