COMMENT
Infrastructure for him includes data centres and indie renewable power like Boralex. Broad. He's worried that renewables have run up too far and valuations have run up, especially outside Canada where investors are paying for future growth. He still likes renewables long term, but is careful given these valuations.
BUY

Are there Canadian cell tower stocks to play 5G? They don't exist here, because the telecoms here own their own towers. He prefers to play pure cell towers which is more scalable and offers more leverage (i.e. several telecoms can use the same tower). Look to American Tower and Crown Castle in the U.S. American has never been cheap, because it has a strong string of towers in the U.S. as well as India and Europe, boasting double-digit growth over many years. He has owned this for a decade.

COMMENT

One of Canada's largest midstream. He likes. It has suffered in recent months. Expectations of a Biden win have pressured these stocks. Sentiment is everything in energy, and a Blue Wave on Nov. 3 will hurt. He prefers Enbridge, because a Biden win would benefit ENB. ENG also yield 2% more than TC.

BUY
The Line 3 replacement in the U.S. enjoyed a favourable ruling recently, getting the last permit (water) to start construction on Nov. 14. Caution: many times, they've gotten the greenlight only to halt at the last minute. He likes ENB.
BUY

It's undervalued vs. its peers. AY is diversified in terms of geography and technology. They have a big project tied to PG&E in California; there were concerns that if PG&E went bankrupt that AY would lose 10% of its cash flow. But PG&E never missed its payments. AY is worth a little more than current levels. It yields around 5.5%. AY has renewable assets around the world. It ranges $20-30. This is good for investors looking for mid-single digit dividend growth and low volatilty.

COMMENT
The dividend is safe, because they've endured a few quarters during Covid and have performed in line. They announced the sale of a pipeline that will pay down debt and lower their leverage. After that, expect a re-rating of the stock. However, this stock and sector are volatile. Also, a big firm has been buying up these shares, which is a positive sign.
COMMENT

Looking for a renewable energy play A UK utility building EV-charging stations. There are few pure-play EV-station stocks in North American, because it's early days in this fragmented industry and there's no universal standard. Instead, there are renewable energy plays in the US, namely NextEra.

BUY
The e-car charging market and how to play it For NEE, it's not a massive growth opportunity now, but it will as time goes on as there are more e-cars. NEE is well-positioned to provide e-charging stations.
DON'T BUY

It pays a high yield, but it's a risky business. Yes, they have contracted revenues, but also some commodity risk. Don't just look at the yield. (ENB pays a higher yield and has better governance and ethical standards than ET). He prefers the Canadian midstreams over the Americans.

COMMENT
Buy airlines and airports now with rumours of government aid. He wouldn't buy either. He doesn't invest based on government aid. What matters are the fundamentals to a business, and this industry is weak. The heart of this is long-haul international business travel, which he doesn't see happening for a while during the stay-at-home trend.
PAST TOP PICK
(A Top Pick Oct 24/19, Up 69%)Educational Segment. He's owned this since day one. Still likes it. It has run up a lot, so he's trimmed a bit. The business is resilient and cash flow is fine. They a had few issues with Project Gemini, but other parts of the business show strength. They continue to make in-roads with their Taiwan offshore project an closing their Colombian utility. Managers have done an excellent job building this company, but it'll take a few more years for things to materialize. ESG investing has gained a lot of steam. He'd buy more on a better entry point.
PAST TOP PICK
(A Top Pick Oct 24/19, Up 11%) They lowered guidance during the lockdown, then revised their guidance back up a few moths later because they saw robust recovery. Waste collection is resilient and will prosper regardless of who will be the US president or trade tensions. SO, WM is well-positioned in a highly fragmented industry that encourages accretive buys.
PAST TOP PICK
(A Top Pick Oct 24/19, Down 1%) They're more focussed on storage, which is more defensive in the midstream oil industry. In terms if share price, it's doing well vs. its midstream peers which are down 20-40%. Why? It's announced two new storage units and their earnings have exceeded guidance this year during the pandemic. The stock hasn't rallied because energy sentiment is so weak.
HOLD
The dividend is safe. They've short up the balance sheet and deferred capex to uphold the divvy. A hold. Overall, sentiment on energy is very negative.
PARTIAL BUY
He likes it. Known from providing high-speed internet in the U.S. which enjoys high barriers to entry. Good cash flow. Problem here are the theme parks it owns, down 70% in attendance because of Covid; they may even close down. The broadband business is doing very well, undervalued and Comcast will do well in the long term.