TC Energy (TRP.TO)

One of Canada's largest midstream. He likes. It has suffered in recent months. Expectations of a Biden win have pressured these stocks. Sentiment is everything in energy, and a Blue Wave on Nov. 3 will hurt. He prefers Enbridge, because a Biden win would benefit ENB. ENG also yield 2% more than TC.

Sell Banks for Pipelines? He likes this strategy. Balance the weight between both he suggests. Pipelines are economically sensitive these days, due to their weightings in the energy ETFs. ENB, TRP and PPL have been particularly sensitive. He thinks the valuations warrant investment here.

ENB vs TRP? He believes having one of these holdings is key to your portfolio. It is getting harder to put pipe in the ground, so existing assets are valuable. He owns ENB, due to the amount of oil they move and the pricing power they have with tolls.

Energy stocks? Right now stick to the large, liquid energy stocks. There is growing concern of counter-party credit exposure within the mid-stream and pipeline space. He recommends ENB-T and TRP-T for pipelines and SU-T and CNQ-T for producers, if you want to own any energy stocks. SU-T yield is 7.2%, while CNQ-T is 8.4%. CNQ-T is probably still showing positive cash flow, even at these oil price levels. You may still lose money, but it will be much less than a smaller player.

If you own it, keep holding. Good income play. Nice yield. She owns ENB and PPL, and this is enough to be diversified. No compelling reason for her to trade them for TRP. Pipelines in the ground are becoming more valuable, and TRP has that network.

ENB-T vs. TRP-T vs. IPL-T. IPL-T has the biggest upside because the price is not reflecting the PDH facility. ENB-T and TC are more stable companies and within those he likes ENB-T because Line 3 will most likely com on line first.

ENB vs. TC He owns ENB which he has picked before. Hold onto it for a long time and collect the dividend. It's worked through its capex issues. TC has a similar story with cash flow growth, a strong dividend yield and a multiple expansion to come. Infrastructure assets like this are hard to find. Both have stable yields. You can own either.

ENB vs TRP? He does not own any pipeline companies presently. He thinks the dividends of both are safe. He would likely favour buying ENB as they have had more of a retracement in share price. There are still regulatory approvals that are required and the investor space is not looking favorably in this market.