
TSE:TRP
(A Top Pick Aug 30/11. Up 13.9%.) Probably moving into a more fairly valued scenario at this stage. Fantastic operators. Have a number of interesting projects in their pipeline. Expect the Keystone project will probably be passed at some stage. They can fund all of these out of cash flow. Strong dividend that is still growing.
(Callers investment horizon is 4-5 years.) For that length of time, this would make sense. We are going to see a buildout of the pipelines and this company will benefit from that. Ultimately Keystone will get built. Have consistently increased their dividend over the years.