Altagas Ltd (ALA.TO)

The great thing about this is that he recommended it exactly a year ago today, and it hasn’t moved much, so you can buy it for the same price and they have increased their dividend. He can’t figure this one out. It is a great company with solid assets. It is actually 60% utilities and power generation. Good cash flow, and the dividend yield of 6.54% is well covered.

A high quality company. They are very exposure to the Alberta economy, but not completely to the commodity cycle. A lot of their plants are run on fixed contracts. They are usually well insulated. He has become more cautious and moved away from it due to macro thinking on ‘bond proxies’. These stocks are trading at very high multiples. You want more pro-cyclical exposure.

The dividend is safe. It is a bit of a highbred because it has the utility side it. This is not a bad entry point, but he prefers ENB-T. Prefers ENB-T

It recently broke a trend. A break out above $35 would be really positive for the stock. They had decent results recently. They have strong portfolio growth opportunities. 6.3% dividend yield.

They made a large acquisition that he thinks will be accretive in the long term. It makes their earnings more stable. As stability of earnings increases, their ability increase dividends on a reliable basis also increases.

(Top Pick Jan 22/16, Up 10.62%) 50% from the US. If we get a colder winter you will get more gas going through their plants. They are everywhere. As the stock price goes up the yield will go down.

This has been on a volatile ride. Feels it is a good, long term holding. Is BC going to have federal support to build a natural gas economy? We will get a big answer to that when we hear the decision on the big LNG project, Petronas, that is expected tonight. The announcement will not have a direct impact on this company, but will certainly shape the environment in which it operates.

Sold his holdings earlier this year. There was some leverage to natural gas that he wasn’t that comfortable with. Feels the dividend is safe.

He was looking for an alternative to Transalta (TA-T), and this one stepped into the picture. The real disappointment is that a lot of the long-term plans for LNG export seem to be fading into the sunset. Also LNG on the international market has fallen about 50%. Good management. The environment that they are having to deal with has gotten a lot tougher. He has sold most of his holdings off. Dividend yield of 6%+, which he feels is reasonably safe.

(Market Call Minute) Two thirds of their portfolio is from renewable, stable power generation assets. Little commodity price exposure and good valuation.

This is really good at driving little projects such as power, energy processing, etc. There are lots of investing they will be able to do, but are just not announcing it right now. 6% dividend yield.

An excellent operator, and you will see some growth from this over time. This is not just gas, but they have a very diversified portfolio including some water resources. Expects you will see ever-increasing distribution as they continue to build new projects and expand. Ranks fairly well in his process.

Thinks this was completely, unfairly swept up in the plays that happened last year around Alberta. It has a great management team. Just brought on another plant for Painted Pony (PPY-T), under budget and under time. 60% of their business is related to power generation and distribution utilities, not even related to pipelines, so it is really an energy infrastructure company. He likes the long-term nature of the dividend and the management team. Dividend yield of 6.4%.

(Market Call Minute.) He would prefer Pembina (PPL-T). You can hold this for yield and a little bit of growth.

(Market Call Minute.) Great dividend yield.