Pembina Pipeline Corp (PPL.TO)

Great entry point at current share price.
Interest rate hikes expected to stop.
Valuable assets that are hard to replicate.
Talk that company is buyer of Trans Mountain Pipeline.
Very good for long term investor.

Pays a 6.5% dividend, 10-11x operating cash flow, decent growth potential. Canadian energy infrastructure offers growth--they have to ship LNG and oil to the US. Environmental issues to contend with are important and will cost a little. 

Seeing value at current share price level. 
Volumes expected to increase as LNG expansion continues in Canada. 
Overhang on the stock due to Trans Mountain uncertainty. 
Excellent balance sheet with well covered dividend.
Good investment for long term investors. 

Pullback on higher interest rates. Missed by about 6% on Q2, partly due to wildfires and outages. Decent growth of 6%, modelling 15.2x PE, nice dividend. You can buy it here.

It transports mostly oil and natural gas liquids. It is looking at acquiring the Trans Mountain expansion pipeline across the Rockies as well as an LNG terminal in B.C. The dividend is 6%.

It isn't immune to the oil price though doesn't have a lot of raw commodity exposure. Its pipelines move 2.8 million barrels of oil and it scores 11 million barrels of oil. Also processes 5 billion cubic feet daily of natural gas. 70% of their revenues are take-or-pay contracts, plus 20% are fee-for-service. It's like a toll road. Pays a yield of 6% and trades at 15x PE, in line with peers. PPL is a reliable compounder over time, 8% annual compunded return.

This is set up well for the next decade. They process 25-33% of all natural gas in Western Canada. A massive infrastructure footprint there. They will probably buy (a portion of) Transmountain, and said they won't issue equity or at least very little. Can capital from KKR. A great company. Pays a 6.6% dividend.

Likes pipelines for income, though they've pulled back with the pullback in commodities. Safe, attractive yield.

Currently trading at 10x operating cash flow.
~6% dividend yield that is very safe.
Legacy assets that are hard to replicate.
Not as many problems as other mid-stream companies with cost over runs.
Good time to buy.

ENB has much higher quality assets and better locations. More volatility in earnings. Rumoured to be interested in TMX pipeline, which is an overhang. Good company, dividend safe. He still prefers TRP and ENB.

Not buying for growth clients, but more for a balanced and income-focused portfolio. All the pipelines are down, but he still expects them to raise dividends going forward.

Really good portfolio of long-term assets and income generation. Contracts tend to be take or pay. Going forward, it will be harder, not easier, to build pipelines and infrastructure. Transition to renewables won't happen overnight. His preference is KEY, with its new KAPS program. See his Top Picks.

Doesn't suffer cost overruns on projects like TCE and has a similar valuation to them and Enbridge. Has more of a growth profile. Better than its peers. Pays a decent dividend. Added to it recently. A defensive hold.

Its dividend is safe at a 56% payout ratio. It is executing well and reiterated guidance. It is trading at a reasonable valuation of 15.6 X with OK growth.