He recently suggested selling this company. They are exposed to the energy sector and the economy in general. It had gone ex-dividend already and it has fallen since his recommendation. He would buy it again on a further pullback.

The company has had an interesting year falling from $50 early in the year to lows near $37. The issues now relate to the conversion of the Income Fund MLP and how they are issuing shares to buy them back. Line 3 is now de-risked, so at this price the yield is good and has potential to grow again. Yield 7%.

It is hard to tell if this company has fallen due to the Trans Mountain issues or because of rising interest rates. He expects news on Keystone XL in the fall. Growth in the Alberta natural gas system has good potential, especially if a west coast LNG project goes ahead as they have a virtual monopoly on the gathering infrastructure. An announcement on the project could be coming as early as next week. Yield 5%.

This is one of the four oil and gas stocks he holds. The company has very low capital risk and is a steady dividend payer. He thinks they can again grow the dividend next year. Very attractive at these levels. Yield 5.7%.

The announced merger is a signal of further consolidation yet to come in the sector. Gold’s relationship to economic turmoil may be weakening and he wonders if capital would flow back to miners in the event of crisis. He would prefer to hold an ETF for gold instead.

He continues to own this as it is primarily natural gas focused and has a great land and reserve base. He was buying it around $12.80.

The company has good assets that produce good cash flows. He believes the market has overreacted to the recent acquisitions and how it is being funded. If this company was trading in the private capital markets, it would be trading a much higher multiple. Yield 10.7%. (Analysts’ price target is $28.23)