Pembina Pipeline Corp (PPL.TO)

Today they have good growth prospects, but because the company has become so large it is harder to move the needle. He likes owning Inter Pipeline (IPL-T) instead. A good hold if you own it.

(Past Top Pick, May 25, 2017, Up 5%) Basically flat this year. They're doing what they're supposed to be doing and are outperforming their peers. Increased their dividend. He stands by it.

They are well positioned, owning pipelines and other midstream operations. The company also made an acquisition that will provide future growth. It offers an attractive yield.

He sees the pipeline sector under political attack, despite the need for expansions and Premier Notley doing the best she can with a bad hand of cards. This is a well-managed company with a good dividend. Any time it trades under $40 per share it is a buy. Yield 5.3%.

He has no pipelines. Cash flows are pushed out to the future. Every time there is a court ruling against a pipeline, it does not help. It is looking a little cheaper and these are getting interesting.

Their sources of revenue streams is growing and diversifying. The dividend continues to grow. Yield 5.2%.

He loves it. Canada hasn't built any pipelines (recently). The sad thing for us IS that pipelines flow north-east instead of west-east (as Ottawa is talking of stopping oil purchases from Saudi Arabia). Pembina is steady.

Pipelines look good. Pembina has had a nice upward trend since last fall. It's breaking out to new highs and looks good. Peers are also faring well, like Altagas.

Their LNG project is in the US, which is a better bet, though things are improving in Canada. Oregon doesn’t have the same regulatory hurdles as Canada. Smart operators. Likes the company. Wishes he’d gone with them in the past instead of IPL. Management’s done an excellent job. Reasonable dividend.

(A Top Pick Oct 25/17, Up 18%) At these levels it is starting to get a little bit expensive. The risk/reward is getting to the long side of switching out to maybe ENB-T. It is a good dividend, good company, so he is okay continuing to hold it.

It's done well, though it sells at a premium against its peers at 23x earnings--which always scared him off. But pipeline stocks are highly levered. It's well-run.

It is breaking out. It looks very positive after a consolidation.

Not running out of growth pipelines, and that is unique to this company. Still finding projects on the west coast of Canada. Great yield, plus the growth kicker. Big beneficiary of any LNG projects on the west coast. Like it short-term for the yield, and long-term for the growth with coal being replaced by gas. Yield is 5%. (Analysts’ price target is $51.22.)

Always thought this was pricey at 50x forward earnings. He's wary. We're in a skittish market and this may have more downside. Don't rush into the current peak price. Also, pipelines take a long time to build.

Pembina versus Inter Pipeline. PPL-T technically has a lid on the price chart, where it is now bouncing down away from. Until it breaks above $45 he would think it goes sideways. One has a better trend formation – albeit lower highs and lower lows. He would not be interested in buying this either.