Enbridge (ENB.TO)

(A Top Pick Oct 15/12. Up 11.32%.) Still likes. Pulled back with the interest-rate adjustment. Fits into his definition of yield plus growth. Thinks there is 8%-10% of earnings growth and they’ll raise the dividend over time.

Would not buy the group here. Believes Fed will tapper in September and that it is not priced into the stock here, so you will get a better entry point, at which point you should buy. Be careful about owning these stocks in this environment. Wait for clarity on tapering.

Likes this very much. The one vulnerability at this time is that the yield is 2.97%, which could suffer on fears of higher interest rates. Great, long-term story. Pipelines are growth vehicles in the long-term.

A couple of things you have to be mindful of. Chart shows a long uptrend from early 2011 but this may be breaking. Also, the chart shows 2 lower highs. He would be a little cautious and you might even look for and oversold rally to Sell on.

Well run company. Interest rate sensitive company and these stocks are starting to adjust. Could come back to $40 area. No problem big picture, though.

(Market Call Minute.) Pulled back because of the rising interest rates. There is still very good visibility in cash flow growth as well as dividend growth.

(A Top Pick Oct 1/12. Up 21.77%.) $37 billion of mostly secured growth projects over the next 4 years. Not much interest-rate sensitivity. Expect you will see more dividend growth and capital appreciation over time.

(A Top Pick June 27/12. Up 18.11%.) He added to his holdings during the pullback of the interest sensitives. Extremely attractive. Have $26 billion of committed projects over the next 5 years. Great growth.

Which ratio is better to assess the value: Price-Earning or Price-Cash Flow? What is a good entry price for this stock? Price to Earnings is better than Price to Cash Flow. He feels it is good value when it gets to 20X or below on a PE basis. They are very susceptible to multiple expansion if long-term interest rates head up significantly from here. (Sold down his holdings in the last 6 months out of fear of the impact of higher longer-term interest rates might have on the valuations.)

(A Top Pick July 7/12. Up 12.63%.) Still likes. Have lots of projects in their pipeline that is going to ensure cash flow growth of 10%-12% and there is evidence that this will continue that same pace if not a little bit more until 2015-2016 area. Still a Buy.

This has pulled back and does seem to be touching a trend line. For a long-term investor’s point of view, this one is probably not a bad idea. There is resistance coming in at around $43. Watch that level because you don’t want to see it broken. A lot of these stocks have been oversold.

One of the premier companies in Canada, rock solid. Always been very expensive. Dividends are perfectly safe. Golden buying opportunity for interest sensitive stocks.

Interest rates have risen and so this one has declined in value. They have a lot of debt on their balance sheet, so are interest sensitive. Prefers PPL.

Valuations got very stretched but the quality is there. Being touted as a dividend stock, but it is really a growth stock. Have $37 billion, mostly in secured projects, coming in over the next 3 years. Sees 2012-2014 earnings per share growth of about 17.3%. Not that expensive given that we are still in a relatively low interest-rate environment.

He is looking for 6 to 10 years of 10% earnings growth and increasing dividends. Cheapest it’s been in 10 years versus the corporate bond yield. Good entry point. Yield of 2.86%.