Pembina Pipeline Corp (PPL.TO)

(A Top Pick July 13/12. Up 30.14%.) Still likes.

This is a yield play and it’s a pipeline that is not in the front firing line concerning Keystone and all the other politics.

(A Top Pick July 12/12. Up 33.94%.) Took a big hit at the end of May when the “tapering” talk started and people got worried that bond yields were going to ratchet way up and stocks purchased for income were going to be out of favour. It sold off for about 6 weeks in a row and is only starting to come back now. Very solid company and the yield is rock solid. In his view, even with the five-year bond where it is, this is still very attractive.

This is the one pipeline that he has the largest holdings in. Likes the prospects over the next number of years and a dividend increase is potentially possible next year. Decent yield at 4.9% and expecting 5.5% 3 years from now.

(Top Pick Aug 28/12, Up 25.77%) One of his core positions. Tremendous growth opportunities in the infrastructure space. Dividend increase is entirely possible. When we start to see the growth profile slow a little, then we look for alternatives in the space but it looks attractive now.

Sold off with the whole group of stocks including the telcos. This is in an excellent position in Alberta and really doesn’t depend on shipping oil out of Alberta. He can see further growth.

(Top Pick Jun 15/12, Up 36.61%) Has been taking some profits. But he is happy to continue holding this.

Smaller pipeline. A lot of NGL infrastructure. A plan to built out a billion in infrastructure. Really steady Eddie. Get paid regardless. 5% dividend but she owns for growth too. Dividend is safe. Their cost of capital keeps going down.

He owns IPL. PPL has historically had a little more debt. The multiple is really high. You can’t go much higher.

Pipelines have become monopolies and can control the markets. 5% yield.

Going to be tough sledding for resources but one of the areas that has been a home run, has been the energy infrastructure space and part of it is that they bought Provident and have some of their assets in their base which allows them to do the fractionation and take liquids out of the pipeline stream and sell them for higher value. $3 billion in projects on the go. Good yield of around 5% so you are getting paid to wait. This company has a lot of growth and continues to pull more and more growth even though the valuation is high.

(A Past Pick. April 5/12. Up 12.58%.)

Buy this if you have a 2-3 year view. The macro thesis is that there are going to be a lot of new pipelines built for oil sands product. This and Inter Pipeline (IPL.UN-T) will be major beneficiaries.

Similar to Canadian banks. He has a large weighting. He continues to average into it. Doesn’t see dividend going lower.

Came out this morning with blockbuster numbers and the stock was up sharply. Decent yield of 5.6% while you wait. The stock can move sharply higher. You are seeing massive growth in its conventional system as well as its midstream assets.