Altagas Ltd (ALA.TO)

(A Top Pick June 6/12. Up 43.53%.) This company has a lot of growth levers behind it. Pretty close to the end of their Forrest Kerr hydroelectric project that they are bringing on stream. Since then, they have filled in the growth opportunities in their power business. Have a lot of opportunities on the LNG side and the PNG side. Outlook on this company is still very, very positive.

Energy infrastructure plus it has utilities and hydro power. In 2014-2015 they have 3 power projects in BC coming on, which will stabilize their earnings a little bit. Have about $2.5 billion in CapX coming on in the next 4 years, primarily in the energy side. This will see growth in earnings and growth in dividends. He is expecting it to be a 10% dividend grower.

Alberta/BC premiers like LNG going to the coast and then to Asia. A bottleneck gets alleviated, but it takes 3 or 4 years. This one will participate in that as well as some of the pipelines. Likes the play and thinks there is growth there.

Relatively expensive. $29.71 model price, -16.8% differential. Good yield over 4%.

Part of the overall decline in dividend stocks. A capital intensive business that will come under pressure when interest rates rise again.

(A Top Pick September 18/12. Up 10.79%.) Of the infrastructure companies, there are probably 3 or 4 that he prefers over this one. This is the most utility like of the bunch. They have some very attractive growth assets as well. They’ll continue to grow the dividend. There’s a good chance it will have a pretty good fall.

(Market Call Minute.) Has come under pressure recently and he would be looking at it at around $33-$34.

(A Top Pick May 23/13. Down 7.88%.) Still likes. Came off with all the pipelines when interest rates went up. This company is growing and you are going to get rewarded for the growth. Have a hydro project in BC that will be coming on next year, which will be a huge cash flow infusion into the company. They will be able to increase their dividend and will also be able to fund some of their other growth initiatives. Planning on increasing their West Coast pipeline significantly for future LNG.

(Market Call Minute) You want to be in these pipeline companies.

(Market Call Minute) He reduced position somewhat but like the company going forward.

Excellent growth story. More sensitive to a rise in yields than a lot of other names. Have a lot of debt that is coming due in the next 1 to 7 years.

One of the few stocks which has a legitimate shot at doubling the EBITDA during the next few years through several expansion projects, most notably some run of river projects, power generation projects that are going to come on stream in 2015-2016. You get this at a pretty decent value and you are going to see dividend growth alongside that cash flow growth. 4.2% dividend yield.

(Top Pick Jun 27/12, Up 37.68%) Has worked out well because of good growth potential and good dividends. Made acquisitions that have put them from a growth mode into a stable revenue company. A perfect company for the next 5 years.

Thinks they have a bit more frac exposure so she prefers Pembina (PPL-T). Dividend yield of 3.86% which is lower than Pembina.

Not really a gas producer, so not tied to the price of natural gas. More involved with the transportation. Has 2 big Hydro projects coming on in BC in the next couple of years that will significantly increase their earnings power and will probably get reclassified as a utility rather than energy.