Rockpoint Gas Storage (RGSI.TO)

Largest independent gas storage company in NA. Facilities in Alberta and California. Analysts recently questioned whether California's going to be able to have positive growth. His view is that there's still enough growth in this company. 

He likes that they can take advantage of volatility in nat gas pricing. This storage is needed, especially as LNG facilities become more prevalent. Sold off, now trading 8-8.5x EBIT/EBITDA. Good time to buy more, as it's out of favour. Likes the yield and the growth.

A past top pick. They released fantastic results last week. Canada needs more energy infrastructure, and RGSI provides this. Has stable earnings. Will benefit from more gas pipelines. RGSI is close to its target price, but RSGI is stable.

It's really a total return name -- you get organic growth, re-contracting, plus the dividend. So the total return is roughly 15%. We keep talking about increasing demand for nat gas, but there's been no increase in storage. Can take advantage of increased demand, which means increased pricing. He took profits, as it trades a little thinly for him. 

Intriguing name. Hold, collect the dividend, and let it ride. Yield is ~5%.

Assets in Alberta and California, with about 1/3 market share in each of those jurisdictions. IPO'd on October 9, 2025, and brokers could only initiate coverage on November 10. A conservative play on growth and demand for natural gas. 

Other names in Canada are subject to fluctuations and low prices. Whereas these guys will buy it up when the price is low, then turn around and sell it higher. Very stable, very low capex. High barriers to entry. Beneficiary of LNG Canada. Yield is 4.77%.