Pembina Pipeline Corp (PPL.TO)

Excellent growth profile over the next number of years. Could be expanding by as much is $3.5 billion in terms of their capital program and are very confident they will be able to increase earnings substantially with that. Because of this, they increased the dividend earlier than he had expected. Should be able to increase their dividend by 3%-5% a year over the next 3-5 years. Has a target of $36 over the next year but can grow well beyond that in the next 3 years. Yield of 5.2%.

Inter Pipeline (IPL.UN-T) or Pembina (PPL-T)? She holds both names and likes them both. There are good prospects for dividend increases over time.

Principal advantages and disadvantages of owning the common stock relative to its larger cousins of Enbridge (ENB-T) and TransCanada (TRP-T)? This operates in both Alberta and BC. The problem with the larger ones is that it becomes harder and harder to move the dial on growth. They have to take on bigger and bigger projects. Also, have bigger regulatory hurdles to overcome. You want to own the smaller guys because they can grow easier. This one can fund part of their growth through their cash flow generation whereas the others have to go to market.

Increase holdings in this one or Buy Pembina (PPL-T)? Between these 2, this would be his 2nd choice If you had 2 pipelines, it would be these 2 and would be equal weightings.

This is one of those “undervalued sold off” interest sensitives. The long-term trend is up. Currently is in a nice healthy consolidation and the chart shows a descending triangle. This gives you a dividend of about 6%.

Likes this. Just increased the distribution. Have projects in place where they can increase their distribution, maybe 3%-5% per year. Well-positioned in Western Canada as well with just the natural gas processing extraction acquisition they did last year to expand their presence.

(A Top Pick September 7/12. Up 27.9%.) Still loves this one. Delivering on all fields.

(Market Call Minute) Buy around $30-$31. Safe. Lots of growth projects. Just increased dividend.

Likes the infrastructure midstream type companies. $3 billion in CapX in infrastructure over the next 3 years. This will increase their earnings 6%-7% per year. Primarily cost of service. Decent yield of over 5% and increasing 3%-5%.

Class A preferred shares, series 1, reset on Dec 1/18 at 4.25%? The company is great. It’s in a sweet spot and does a lot of midstream pipeline and gathering. They have a chance to benefit from TransCanada’s (TRP-T)-eastern pipeline. Good management team. Their common equity is yielding about 5%. These are 4.25% and reset at Canada’s 247 basis points in 2018. The question is, where do you want to be in the capital structure? Their 5-year bonds are yielding around 3%. This would be your own personal preference.

Didn’t think management was as aggressive as they should be, but then they changed their views and became more aggressive so he added it to his portfolios. It is a good safe place with growth for decades.

(Top Pick Jul 26/12, Up 15.08%) Looking really attractive this time round. He would look to buy if it holds its level in a retracement.

(A Top Pick Oct 1/12. Up 21.59%.) $25 billion of potential growth projects over the next 5 years. EBITDA could almost double. Thinks they are going to enhance their growth profile even more. Not very sensitive to bond yield increases. Dividend growth of 7% since 2000, which he thinks will continue. Has a target of $57, which they can achieve if they are successful with Keystone XL and continued good progress with LNG developments.

An energy infrastructure pipeline that moves a great deal of oil through Alberta and Western Canada. He worries little bit about how the stock will behave in the near-term given that interest rates are going up. A bit expensive. However, there are growth prospects and over the longer-term there is growth potential. Feels the 5% dividend is safe.

Intrasensitive stock but has a tremendous project development backlog that exceeds $4 billion so you could see very significant growth in years to come. $36-$37 in 12 months. Feels the 5.01% dividend is sustainable.