TRP vs. ENB Nothing wrong with it except the cancelling of Keystone. Still a fantastic business. Great assets. Fewer pipelines increases the value of those assets. Has underperformed. He owns ENB, with its better growth profile.

ENB vs. TRP Nothing wrong with TRP, except the cancelling of Keystone. TRP is still a fantastic business with great assets, but has underperformed. Fewer pipelines increases the value of those assets. He owns ENB, with its better growth profile.

One of his favourite investments. Assets are all in the US. Benefits from US exposure to e-commerce. Still cheap relative to NAV. Trades at a 5% discount. A great theme that you don't have to overthink. Likes management.

(A Top Pick Jan 12/21, Down 20%) Still really likes it. Almost a monopoly on the cargo space. Relationship with Amazon. Huge benefit from e-commerce. High margins. Geographic expansion spooked the market. Tremendous upside.

(A Top Pick Jan 12/21, Up 9%) Irrationally hit hard on pandemic and oil price collapse. Cost of funding has dropped. Trades at a significant discount to NAV. Should get to the mid-upper $40s over the next year.

(A Top Pick Jan 12/21, Up 13%) A proxy for the reopening of the economy. You also get exposure to Apple. Still upside.

Best of them all in the senior living space. There are always issues either with property, regulation, demographics, over supply, or the pandemic. Drop may present a decent buying opportunity. Difficult to value, as it's a communal living space. He finds much easier investments elsewhere.