
TSE:IPL
An oily pipeline in Alberta as opposed to gas. Well managed. Has done great. The problem is that it is at another all-time high and is quite expensive. His preference would be Enbridge (ENB-T), which is expected to have a 10%-12% growth over the next 5-7 years which would beat this company a little bit and also, it has pulled back from its highs. If it were him, he would switch. (See Top Picks.)
Looking at the overall oil sands activity, it is expected to double over the next 15 years and some of the beneficiaries of this are the pipelines. This company just did a new deal where they are getting more oil sands exposure, which is actually reducing the risk of the stock. Great 4.9% dividend. Relatively safe and growing.
Gorgeous trend. You have a winner.