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.