Brookfield Renewable Energy

BEP.UN-T

It's a dividend play, so it trades on its yield, directly influenced by interest rate moves. Brookfield stocks are steady-eddys and they make few mistakes. BEP will benefit from lower interest rates. However, the parent stock, BAM, is the best Brookfield stock.

He loves this company. It is one of his top Canadian companies in this space. They made strategic plays because they have the Brookfield backing. They recently made a deal with TA-T, who know they have to shift away from coal. Brookfield did a clever deal involving a right to hydro assets when contracts are up for renewal. They are going to see benefits for years to come.

He see it growing at 12%. 87% and declining payout ratio. High quality asset base. Accretive acquisition upside. It has come down quite a bit.

It's not effected by the cancellation of green projects in Ontario. They own a few wind turbine farms. But their management will need to bring investment dollars from other provinces, the U.S. and abroad. Ontario was set up as the leader in green energy which will turn off potential investors from investing in this space.

There is a more than 6% dividend. Lighten up if you have a lot of interest sensitive names. Be cautious. The stock price has done well and you may be better to reduce others interest sensitive's holdings. Don't be in a rush to sell this one.

Likes it. Largest of the renewable energy utilities yieldcos in Canada. Because it has the backing of BAM.T it’s a bit of a safer place, especially if you’re worried about short-term political risk. Own tremendous amount of hydro, solar, wind power. Own two thermal plants that burn nat gas, so not completely fossil free. More of a dividend play. Potential for growth as assets continue to appreciate. Excited about ability to play globally. Comfortable owning for long term.

Like this name. Management believes it is going to keep growing funds from operations 5-9%. 88% payout ratio, so dividend is safe. Good story. Kind of pricey. You can get this one on a pullback.

The yield plays have all pulled back. These guys are always smart guys. You could hold it here and it would be fine long term.

This stock never gets cheap. He expects them to grow their cash flow 6%-11% annually from contract inflation and margin expansion and development. They want to grow their dividend 5% annually. The only thing is, it is very expensive, trading at a 5.9% 2018 pre-cash yield.