Growth started to stall in 2018. It has been trading in a range between $50-$70 for the last 3 years. A compelling total return play before but it is now an income play. It is yielding around 6.1%. A good company with critical infrastructure in natural gas and oil. Keystone XL cancellation is negative but it is probably priced in. Dividend is safe. Buy in the lower end of the trading range, like right now, for income.

The poster-child for consolidators. Leading convenience store operator in Canada, US and Europe. There is an expansion opportunity with new acquisitions in Hong Kong. The multi-voting shares of the partners will expire at the end of this year, and transformational change may happen.

Has pulled back recently. The whole marijuana sector who has had a huge move is taking a breather. Bought around $10. The pull-back is buyable. The geographic foot print, strategy and vertical integration is positive. They own growers, intermediate processors, and has good downstream footprint. The regulatory and social license backdrop is good with Biden and the democrats. Addressable market is huge.

The new management team is excellent. They have copper exposure. Copper has an important role in renewable energy infrastructure. Their copper exposure is not big enough to dominate the story, but it is a positive component. The company has good assets, is well diversified geographically with good capital allocation. The cycle is still on. Would be the top pick if he were to buy gold miners.

Last year, it faired very well and Biden also boosted the price. The stocks in the sector have now pulled back. There is a sector change towards traditional cyclicals. The company is a secular growth opportunity with income. There is lots of opportunity for growth. The dividend is competitive and it should grow. Should profit from the ESG trend and multiple expansion.

Higher oil prices should incentivize alternative energy. In the short term, there is flow of funds between sectors in the market and money could be flowing to traditional energy. On the surface, these companies are expensive relative to traditional oil. Value stocks should outperform growth stocks due to robust growth in general and less premium for it. Mark Carney's involvement is a major support for BEP.