They have done exceedingly well at growth by acquisition. It is valued for a continuation of a very high rate of growth. It could be vulnerable to more of a setback. Organic growth has not been as high recently as expected.

They have a project that politicians are talking about de-risking but it has not been done and there is no construction taking place. This is a show-me stock.

He has been studying it a lot recently. They tend to make interesting arrangements on a fee basis with a number of companies. They have a good balance sheet, good management and are well respected in the industry. It is looking quite attractive.

Utilities are more volatile in a rising rate environment. He has TRP-T and ENB-T plus IPL-T, but there is nothing wrong with this one. It could be vulnerable if rates rose sharply.

SU-T vs. EMA-T. EMA-T has a higher dividend. He thinks there is more capital appreciation potential with SU-T, however.

SU-T vs. EMA-T. EMA-T has a higher dividend. He thinks there is more capital appreciation potential with SU-T, however.

It hit upon hard times with an extremely highly leveraged balance sheet, but management has kept the company alive. They have significantly de-risked the company but it has shrunk. The balance sheet is very much improved. This is a very high risk/high reward kind of play.