Stock price when the opinion was issued
This is the one he likes in the space. Part of its business is very utility-like. Steady dividend, which will rise over time. Dividend also looks attractive in the face of an economic slowdown when interest rates would fall. Hold for the long haul.
More pipeline builds would certainly be an opportunity for growth for this name, but that's not why he owns it.
Has only a bit of exposure, not a major amount. He's noticed that analyst price targets have started to come down, due to the South Bow spinoff. He doesn't know enough about the spinoff to be able to make a recommendation.
Almost like a utility. Pipelines are not getting a lot of new approvals. Like the rails, what's there is there. Strong market position, but where is the growth going to come from? M&As can dilute shares and add debt. Well run, pretty steady. He'd be comfortable holding. Not huge upside, but some; income potential.