Altagas Ltd (ALA.TO)

(A Top Pick Jan 9/12. Up 20.01%.)

(A Top Pick Jan 12/12. Up 19.08%.) Quite happy with this one.

Energy infrastructure. Have some Run-of-River assets that will come on stream in 2014-2016 which will significantly contribute to EBITDA growth. Feels there will also be dividend increases. Feels upside is close to $40. 4.3% distribution.

Great name. Not overly cheap. Worth about $36, giving you about a 10% upside to add to your 5% dividend yield, a 15% total return which is pretty good. Have a number of projects that are going to double the EBITDA between now and 2015-2016 so the outlook is very robust.

He is a fan of infrastructure. Not a fan of producer. This is one of the good ones and if you are in it, stay in it. It’s a good play.

(Top Pick Nov 29/11, Up 11.96%) One of the strongest performing groups in the market. Benefiting from secular growth in volume of production out of oil sands. Can give 5-12%/year dividend growth for next 5 years without sensitivity to oil and gas prices.

(Top Pick Dec 8/11, Up 11.30%)

Good dividend yield at 4.2% and have just increase it. Really fantastic growth coming on stream next year. Have done some big acquisitions and built some power plants that are about to come online. You’ll see a big, big burst in their cash flows in the coming years. Have become more defensive in some of the acquisitions they have made.

The core theme in this market is dividend growth. This fits solidly in the energy infrastructure camp. This company has gathering, processing, storage and utility so they are basically in the whole energy infrastructure area. 4.5% dividend yield and just bumped the dividend this week by 4%. Paying out less than 50% of their cash flow. Lots of growth opportunities.

Likes the name. Was always hesitant to wait for his price point. An extra dollar is not significant to the 10-year return. Is moving out of intermediate pipeline phase into a utility. He would buy at these prices.

(Top Pick Feb 27, 2009, Up 207.69% Total Return) Visible pipeline of growth of high quality projects. Secure cash flow streams. Currently projects are on time and on budget. Earnings growth. It should re-rate this company over time. Likely a dividend increase in Q4. 4.3% dividend Would be comfortable adding today, or stagger over next little while.

Midstream operator involved in power, power generation, power marketing, and natural gas liquids. If bullish on frac spreads and particular on Alberta power prices then this is a good name. Significant growth potential in some of the projects they have coming up. Had almost been a Top Pick.

Meets all his criteria. He has trimmed because it gets too big. Look for them to become a lower yield.