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Biggest name in North American market. Got nailed twice. First, during the crash. Then, because China went big into the solar panel market, at subsidized prices. There will be growth in sales, but price of solar panels will drop dramatically. If you’re willing to ride it out for the long term, this can do very well. But you’ll have to be patient. Potential for dramatic technological change in this area. Be a little bit cautious about the technology risk.
Growth potential for next 5 years? Huge opportunity in the water space. Water technologies, safe food, abundant energy. Opportunity to grow tremendously. Counting on two things: 1) companies continuing to care about providing safest and cleanest products, and 2) government regulation. Bit concerning looking to the US moving backwards with Trump. Yet stock has continued to do quite well. Likes this company’s innovative products. For a pure play in the growing green economy, this name is fantastic.
Troubled by this stock. Is drilling going to become increasingly more expensive? He’s highly, highly cautious. If we leave the Paris Accord, there will be a huge reduction in oil and gas exploration. If this company has to rely on continued resource exploration to be profitable, he’d be really cautious.
Carbon bubble a risk to Canadian investors? If you accept climate change, are we going to be able to burn all carbon sitting in reserve? Risk that these assets will be stranded, either by government regulation or by economics. Carbon bubble of about 20 trillion dollars. Proven reserves of about 27 trillion dollars. Lower demand or higher price may make us want to keep reserves in the ground. If it happens all at once, investors will get burned. Lot of oil, gas, materials, mining on the TSX, plus banks have a lot of exposure here. Won’t happen in next 2 years. But horizon of 20, 30, 40 years will see a serious writedown of carbon assets on these publicly traded companies.
A yieldco that he likes from a dividend perspective. Has some natural gas, so not a pure play on renewable energy. But if you want to take a step toward green investing, this company makes a lot of sense. A lot of the volatility in this stock is due to the broader stock market. Tension between growth plays versus impending crash. Really likes it. Slated to do well.
A play on hydrogen fuel cells. Went heavy toward autos, and explosive growth just hasn’t come through. Sector has consolidated around lithium ion. Market is going with the best technology, and the cheapest, and that’s lithium ion. Worries about Ballard. Bigger opportunities for hydrogen are in larger transportation, like ships.
Good time to buy? Geothermal play in Latin America, especially Nicaragua. Very much a growth play. Only one project up and running, but tremendous opportunity here. Canada already has renewable infrastructure. But a lot of countries don’t yet. Bit more of political risk, that’s why it’s a growth play and not a dividend play.
Sell and cut losses? Would own it for the dividend. Might want to consider buying more. Primarily a coal utility, but spun off wind assets, which he likes. Unfortunately now, about 41% of their portfolio are Australian nat gas assets. Doesn’t love it, prefers pure play renewable energy stocks. Lots of opportunity here, and not going to be short of cash. Would want clarity on projects and strategic direction moving forward.
Have to be careful with tech companies in this space. Something becomes a darling, and the market thinks everything will move in this direction. Doesn’t see this happening. Doesn’t want to bet on one technology here. Natural gas is seen as a bridge fuel. But with energy moving in a greener direction, what will happen to natural gas? Be a little bit cautious. Likes them, but they’re not going to transform the system. Nice medium term solution until we move to full electric.
Hydrogen energy technology. Likes this more than Ballard, because they’re moving toward larger forms of transportation. Hydrogen makes a lot of sense in central refuelling stations. Burns cleanly, only byproduct is water. The technology makes a lot of sense, but would want to see genuine interest from big companies in reducing CO2 emissions. Companies operating outside Paris Accord don’t necessarily care enough to make a commitment to a specific technology.
Hit pretty hard by Doug Ford announcement. The selloff was overdone, but doesn’t think Pattern’s projects were cancelled. Have more of a solid backing with partnership with Brookfield. Nice dividend. Pure play renewable energy to own for the dividend. Announcement means projects will be pushed out of Ontario.
Standard for socially responsible investing in Canada. Tracks the TSX 60, and drops out the “most evil” 20% of each sector in terms of environment, social, and governance. Still includes lots of banks. Step in the right direction to get exposure to broader Canadian market, but avoid laggards in the sustainability scores. Shows that sustainable investing can actually outperform the benchmark.
Clean technology. Worries about picking and choosing in green technology. Not the end of world if one fails. Includes renewable energy, water infrastructure, smartgrid, environmental services. A nice well rounded ETF. Expects to do well as we move into a green economy. Nice way to get growth exposure without putting all your eggs in one basket.
Competitive advantage over traditional cannabis? Likes it, versus a lot of the growers. Concern about the sector is that it will become a commodity, and then lowest price wins. A lot of consumers will care about the supply chain in terms of emissions, labour standards, environmental and social issues. People will pay for certified organic.