Inter Pipeline (IPL.TO)

Rule of thumb is that where there is smoke there is fire. Trading was halted. It could be a fat finger trade. He looked at time and sales from 9-9:40 and there were mainly two dealers selling. He doesn’t know what’s going on and the company has said they don’t know either. He things there is foreign forced selling.

By converting to a corp. they are eligible in a number of global hedge funds. The shares can move higher. 5.2% dividend at present.

(Top Pick Jun 28’12, Up 22.18%)

You have to like the pipelines at this point. Valuations are probably stretched at this time. Good yield.

(Market Call Minute) Nothing wrong with it. Owns PPL.

One of your best names in Canadian energy infrastructure. About 90% of their cash flows come from infrastructure and trades at a premium multiple because of that and is very much warranted. Recent decision to internalize their general partner is very accretive and will help the company free up ownership restrictions. Expects 5% dividend growth every year. 4.76% dividend yield. Target of $27 in 12 months.

(A Top Pick June 8/12. Up 32.6%.) Still likes it.

Undergoing a significant transition with the buyout of the management contract that was held by an arms length group. Unimpressed by the magnitude of the buyout. Seems like an awful lot of money. Infrastructure is a good place to be, but he is not convinced that this one is the right place. Would prefer Keyera (KEY-T).

This is a great example of owning energy infrastructure. This industry has very good volume growth in front of it. Have a number of projects they are continuing to build. Very steady dividend (4.77% yield) as well as distribution increases. Recently announced they are going to restructure into a corporation, which opens up the shareholder base to US investors. Also, will internalize the management contract of the assets, which will make it a simpler corporate structure and enable them to grow their dividends a little bit faster.

(A Top Pick May 23/12. Up 26.78%.) Well managed. Management had a vision and they stuck to it.

Focuses on conventional oil/gas pipelines and energy storage in the UK. Recently signed 2 contracts and the joint cash flow from those will allow it to increase the dividends. Target price of $26.50.

(A Top Pick May 17/12. Up 27.14%.) Pipelines are going sideways but you are capturing an excellent yield. Acquired some oil storage units in northern Europe which will generate excellent cash flows resulting in continued dividends.

Third biggest pipeline in his portfolio. He has been adding to it. They are executing on their strategy. 4.5% dividend. They are a bit of a monopoly.

A favourite stock of theirs. Biggest holding across their client accounts. A smaller pipeline that they really like. About 40% of the oil production in Canada. Expansion plans in the oil sands. 4.6% dividend and have increased over the last 9 years.

One of the best ways to participate in the growth of the oil sands. Core competency is taking distillates and ship them up a pipeline to be used in the oil sands. Almost 5% dividend and dividend growth of 5-10%. A core position for him. Good numbers came out today.