
TSE:PPL
Nice income stock. Pipeline plus midstream operations. Footprint well-placed in western Canada. Recent acquisitions of Kinder Morgan and half a US pipeline. Good capital plan, well funded. Payout ratio is 55%. Mid-high single digit range of increasing cash flow. Increasing dividend. Yield is 4.92%. (Analysts’ price target is $56.18)
ALA-T? He prefers Pembina and has performed much better than ALA. Pembina just bought the Kinder Morgan Canada pipeline and section of a US pipeline. It pays a good dividend. He likes pipelines. It's held up during this volatility.