Today, Douglas Kee commented about whether FTS-T, CNR-T, TD-T, NTR-T, BIP.UN-T, RCI.B-T, TD-T, NPI-T, MFC-T, CCO-T, IPL-T, ENB-T, BMO-T, WCN-T, CPG-T, H-T, BNS-T, RBA-T, TECK.B-T, HBC-T, AQN-T, SJR.B-T, CNQ-T, PWF-T, MSI-T, ALA-T are stocks to buy or sell.
A core holding. Dividend grower, increasing 10% this year. It has had its challenges, but the good news is their volume growth exceeded expectations. They have congestion problems in the west and the U.S. They're spending a lot of money with 60 new locomotives and 300 more train crews. Will right itself in the second half of 2018. Earnings YOY may be flat, but should rise 10% next year. There's more to the story in the recent CEO change. Maybe he was an interim CEO all long. (Analysts' price target is $105.61.)
(A Top Pick January 5/17, Down 2%) A lot of their business in offshore wind in Europe. More projects are coming on like Germany in 2020. They're now bidding on offshore wind in Taiwan with results expected in Q3. Raised their dividend last year. A good, little company. He trimmed back at higher prices, but happy to hold it. There's a lot of market bullishness on European offshore wind power, but competition is now heavy, so he doesn't epxect them to do much more bidding in Europe.