Pembina Pipeline Corp (PPL.TO)

Stretched in terms of valuation. To protect yourself from increases in interest rates, look for demonstrable ability to increase dividends, which this one has. But this one has much more commodity exposure compared to the others.

(Market Call Minute.) An absolutely stellar performer. Pretty much fully priced right now but still a nice yield. If it drops, people should buy it.

This company has had a great run in the last 5 years. Really likes the businesses they are in. The midstream business especially has been a good one for them. Valuation is a bit rich, but the dividend is still hovering around 4%.

Well-run, well-financed, well-capitalized and has a good solid predictable cash flow. Pays a good sustainable dividend. The caveat is that the interest rate shock is looming out there somewhere. It is wholly possible that a US midstream player takes you out.

This is in an area that she really likes. Energy infrastructure is one of the strongest growth areas right now. In the shift in the basin from dry gas towards natural gas liquids, there is a whole slew of infrastructure needs that come along with it. This company is exceptionally well-positioned in that they have basically assets across that entire value chain. She feels their growth is poised to continue and prospects look good for these companies for the next number of years.

Had a good run recently, but has pulled back a titch because they had made huge profits out of the fractionating side, the midstream, which is really a 3^rd of the business. For a conservative pipeline, this is too much. Still thinks they have great opportunities in the oil sands development and other areas. (See Top Picks.)

Since its last quarter, which was very strong, they upped the dividend and a lot of analysts have moved their targets up into the $48 range. This has gotten to be a big position for him so he will be looking to trim it a little. A solid core holding for the long-term.

Just reach an all-time high. Great yield and a wonderful balance sheet. This company can do no wrong. Comparing it to the other pipelines, it outpaces anything else.

They have a lot of good growth projects. The valuation is just too high for him to hold. You might do okay over a few years.

At an all-time high today on good results and an increase in the dividend. The whole midstream area has just been a great adder of value for shareholders.

Energy infrastructure. With LNG coming there is room for growth.

The whole group looks expensive, but has a really good growth profile. The growth is driven mostly by liquids rich gas. This company does the separating of the gas in the liquids and continues to be in high demand. (See Top Picks.)

(A Top Pick April 26/13. Up 35.25%.) To him the pipelines are solid monopolies because we have to get the energy out to the rest of the world and we have to ship it. (See Top Picks.)

Near its all-time high. If you own, be careful at these elevated levels. It is likely to have as little bit of a correction and to continue to go up. Wouldn’t be concerned with selling as he thinks it is a pretty good long-term hold.

Just announced they are going to the TSX 60. She is thinking of selling some of her holdings into that demand, but keeping her main position. In the long run she still likes it and expects it has attractive prospects.