BIP is more sensitive to interest rates, and will constrained when rates rose. Also, they pay a dividend which was competing with high rates. As rates decline, this will benefit BIP and encourage more building projects. In contrast, BEP is a tougher go, because the transition to renewables will take longer than many expect. But BEP is best in class and its managers are fantastic. BEP's use of AI (with Microsoft) will benefit the stock, but we're ahead of ourselves.
BIP is more sensitive to interest rates, and will constrained when rates rose. Also, they pay a dividend which was competing with high rates. As rates decline, this will benefit BIP and encourage more building projects. In contrast, BEP is a tougher go, because the transition to renewables will take longer than many expect. But BEP is best in class and its managers are fantastic. BEP's use of AI (with Microsoft) will benefit the stock, but we're ahead of ourselves.
Best managers in the business. Minimal debt. Pays a small dividend but will issue special ones depending on the oil price -- likes this. They got their toe in the water early in LNG. Smart. The outlook for natural gas has been tough in recent years, but looks better ahead as the transition to green energy takes longer.
In the long run, you own this. You watch their movies, go to their theme parks and buy their t-shirts for your kids. Their cruises are fantastic. Disney+ has been up and down, but has a new CEO and have raised rates. The ad tier will benefit them. News about sports streaming is very interesting. Lots to like, but will be ups and downs short term.
They have the Oil Sands, so they don't need to explore for new assets. The management team has turned the corner. They just hit their debt target, returning 75% of free cash flow to shareholders. Pays a good dividend and using buybacks. Should pay 100% returns by the end of 2025. Shares are on sale. They plan to reduce costs to $40/barrel.
(Analysts’ price target is $60.80)
Their assets are irreplaceable. Buying KC Southern will take longer than expected to absorb, but eventually, they will offer a huge network across North America. Great managers and company. Be patient.