A bond proxy. From 2016 to early-2017 it had an uptrend, then a pullback. This year, the uptrend has resumed. He likes the chart--it's currently on the upside. Also pays a decent dividend. Let's see if it tests upside resistance at $14.

This trades a 15.5 times earnings vs peers trading at 17 times. He likes it. Distributions are safe. A play on a slightly better economy. 66% energy, 33% specialty chemicals. The balance sheet is a little stretched. A name you can buy for risk-adjusted accounts. Not a blue chip.

This was a pure propane business, and then went into building products, pulp chemicals, and none of those worked out very well. The history of expanding its product line is not a great one. However, this has been a strong dividend payer for a long time. Doesn’t think it has tremendous growth potential and that their propane business is always going to be a kind of “on the margin” type of business. You own this for the dividend yield of 5.7%, not the growth.

The largest propane distributor in Canada.  They sold their construction division.  He likes this company and if it is a colder winter it will do even better.  It is a well run company. 

They just had a solid quarter in all segments, and upped their guidance a percent higher than the midpoint for 2016. He is modelling cash flow growth at 11% from 2016 to 2018, compounded annually. 61% payout ratio of cash flow. The generous dividend of 6% looks safe. Their balance sheet might be a little more levered than he would like. This is probably an opportunity.

Has a propane division as well as heating oil in the US, as well as some chemicals. Sold their US construction distribution business, and the balance sheet is better because of that. With a colder weather in Western Canada, he expects them to have good results. Also, expects them to raise their dividend over time. Dividend yield of 5.7%.

50% energy services, 35% chemical and 16% building. He likes the company. It has a 71% payout ratio, so the dividend should be pretty safe. They are trying to acquire Canexus (CUS-T) which would make them a more formidable player in the chemical space. Trading in line with its peers, but is a lot cheaper than its energy services peers. Have done a really good job of cost-cutting.