Pembina Pipeline Corp (PPL.TO)

Should benefit from the energy boom. Has held for 5 years, last year hasn't been the best. Can't pinpoint why it's down, but looks good fundamentally. Loves the improving ROC; used to be 5-6%, but now up to 9% (pretty good for a utility). Palatable valuation at 11x EV/EBITDA. 

Has a rock-solid dividend. Prefers TC Energy and many Enbridge, partly because of US policy and the changing view in Canada about building pipelines. PPL would benefit less so than these companies. 

He is adding because of the 5 1/2% yield. The toll dispute was resolved on the weekend and it is ready for a new leg higher. Buy and wait for the market to recognize some of its value.

Energy infrastructure in Canada is one of the great areas to invest in. Fits in well with natural gas being moved east--west. Under pressure in last year due to tolling on Alliance Pipeline, but that's more than factored in. Lowest valuation of the group, so more potential for growth. Yield is 5.60%.

Canada's realized it needs to change some of its behaviour, and part of that includes energy infrastructure.

With the idea of building income in a portfolio. Out of the spotlight, but with a catalyst. Everything is bad news around this name. Alliance Pipeline is a very special asset going from Alberta to Chicago area. Contracting issues right now, and stock's slid on the uncertainty. Those issues are fixable 1-2 years from now, it's just not known right now what the fix is. 

High quality, lots of prospects. Doesn't issue shares as much as other companies, business plan is tight. Can incrementally grow over the next few years. Might actually drop another $2. He put one leg in, would put another one in if it dropped. Yield is 5.7%.

Yields 5.6% with a reasonable payout ratio but the cash flow is not moving enough to increase the dividend. He held it but moved into a gold stock for better returns. On pipelines in general, there are not any in their 'OK to buy list'. 

Still her favourite pipeline, especially at these levels. Best growth trajectory, and in best strategic position to handle growth in nat gas shipping with LNG Canada. Alliance Pipeline pricing has been an overhang. This is the one to own based on dividend growth, yield, and capex plan.

PPL is up 4% this year and 25% over 52 weeks. It's 18X earnings with a 3.23% dividend that has shown decent recent growth. Debt is high as is common in the sector, but OK earnings growth is expected over the next two years. Cash flow is high and stable, though we would like to see higher free cash flow conversion. The share count has declined over the past six years with buybacks. All in, we would consider it OK. Fundamentals and sector outlook are fine. It is priced well. We would not expect huge growth here, but we would consider it decent for income and potential growth over time.
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It is the third largest mid-streamer in Canada. He owns all three but considers this one the most attractive of them. Has the largest infrastructure in the Montney region. It is positioned to participate in the increase of LNG exports from the BC coast. Its dividend is 5 1/2% with a payout ratio that is more conservative as well as having a healthier balance sheet than the other two. It is the same price as a year ago.           Buy 13  Hold 6  Sell 0

Loves it. Income name mainly, with some earnings growth. Probably the worst performer of the group over the last year. Does have midstream infrastructure, so assets aren't as bulletproof as those of an ENB. ENB is always his first choice, though PPL has better long-term growth outlook. He'd buy here.

She owns it for the dividend of 5 1/2% and cash flow. Has a 90% payout ratio. It has renewed it's share buyback and increases its dividend. Pipelines are cash flow machines. She sees 15% per share growth in 2025. Fundamentally it scores 8 out of 10 and valuation 9 out of 10.

PPL fell recently on news of lower tolls, but this of course comes with the territory of a regulated business. Considering its valuation, stability, cash flow and dividends, we would be comfortable buying a full position for income primarily and some long term growth potential.
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Integrated across the entire value chain, from well head to end user. Earns revenue every step of the way for gas and oil molecules. 80-90% of earnings are contracted, and that's what the dividend is based on. Working on really big (for them) LNG export facility off coast of BC. 

Likes growth. Good operator, very little commodity price exposure, consistent earnings, very safe dividend. Long-term buy and hold. Yield is 5.4%, and the dividend continues to rise.

It holds a dominant position in the natural gas and LNG market. It has less leverage than some other pipelines and is self-funding from free cash flow. It has entered into a joint venture for a data base to be built on their land. Has a good dividend of 5 to 5 1/2% and the risk/reward is quite attractive. A comment was made that the telecoms are lagging even with falling interest rates.

Canadian infrastructure name. She owns for income in client portfolios. Robust business model. Often has long-term, take-or-pay contracts; visible cashflow stream. Guided that it can grow EBITDA (cashflows) by single digits over next few years. She'd expect dividend increases to reflect that. 

Stock's pulled back with underlying commodity prices. Should have lower volatility than energy producers. Yield is 5.3%.