TC Energy (TRP.TO)

It wants to go trans-border and has some very difficult issues with its main line going from west to east with natural gas. Have political issues with its shippers. The potential lies with the Keystone pipeline going south, which he does believe will be built regardless of who wins the presidential election.

(Top Pick Oct. 05/11, Up 15.58%)

Pipeline returns have never been stronger and there is a more visible earnings growth thesis than any other sector that he has seen. Keystone will go through. It is just one of the regulatory overhangs that will help unlock shareholder value. Have $13 billion of projects, pretty well paid for, coming on over the next 12-24 months which will be accretive. Longer-term growth initiatives all look really accretive. 5% dividend growth since 2007 will probably continue.

(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.

Good dividend payer. Not a particularly high grower. Not cheap at this point with the stock price being bid up in order to get the dividends. Stable and relatively low volatility going forward.

(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.

This has had 2 things going for it. It is an infrastructure play and a yield play. Yield is just about 4%. Chart indicates it is still in an uptrend.