
TSE:IPL
Just took a nice hop up and broke to new highs. Will probably consolidate a little bit here. Yield of 4.9% is still good. Could be another dividend increase probable in 2013. Have just opened a new pipeline that will be adding to the revenue. Would buy if it dropped back in the $20 range. Good, long-term hold with excellent management.
Energy infrastructure is the key theme. There continues to be near-term catalysts. Have just announced a $2 billion deal to expand pipelines to the oil Sands, to send condensate up and bitumen back down. This could continue to generate 8%-12% accretive growth. 5% dividend, which he expects to grow by 10%.
(A Top Pick Oct 4/11. Up 45.56%.) His best guess over the next year or so is 10% to 12%. 4.8% dividend yield.