STOCKCHASE

Have $30 billion of assets they are working on. They'll grow their earnings and this is money in the bank.

2010-09-02

PARTIAL SELL

38.010

Paul Gardner, CFA

Likes this because of the consistency of its pipelines. Utility sector has performed very well. With shale gas coming online, technically you don't need the pipeline to go to Ontario. Good company. If you own, consider taking some profit.

2010-09-01

DON'T BUY

37.330

Sandy McIntyre

The electric business is in the share price. Gas production is being increased in the US and pushing out Canadian exported gas and that is gas that would be on the trans-Canada main line. Prefers Enbridge.

2010-08-25

BUY

36.690

Big believers in this. A great company. Terrific Canadian company. Doesn’t feel that present political climate about oil sands being ‘dirty oil’ is correct. Thinks dividend will go up some more. Huge backlog of projects all over. Everybody should own it.

2010-08-05

PAST TOP PICK

36.810

(A Top Pick Aug 10/09. Up 21.44%.)

2010-08-04

BUY

36.620

Lagged because it had a reputation of missing guidance and also issuing too much equity to pay for expansion. This is all behind it and it seems to have enough cash flow from existing operations to meet current commitments. Keystone pipeline is a little bit of a mixed bag south of the border but initial phases are contributing to cash flow. Very solid name. (See Top Picks.)

2010-07-23

BUY

36.310

Steve Carlin

A bit of a controversy regarding the US pipeline and if they are going to get approval but he thinks it will happen so this is an opportunity. Really juicy dividend yield.

2010-07-20

BUY

36.190

Bill Carrigan

In a growth channel and chart is showing higher lows. The trend is intact and the sector is healthy.

2010-07-16

Comment

35.840

Being bedevilled in the short term by the US anti-Keystone pipeline activity and the difficulty of passing through increasing costs to the shippers.

2010-07-14

BUY

36.870

Gavin Graham

Stock has been coming off because of some concern in the US regarding their new Keystone pipeline, which transports oil sands oil into the US. Has already been approved by US authorities.

2010-07-09

BUY

36.870

The questioning of the Keystone pipeline running down to the Gulf is just a big charade. US is going to have to get oil and Canada is a very dependable place. This is not going to be stopped.

2010-07-09

PAST TOP PICK

36.410

(A Top Pick May 19/09. Up 21.35%.) Still likes.

2010-07-06

PAST TOP PICK

36.410

(Top Pick Jun 18/09, Up 22%) Dividend increase since last year.

2010-07-06

STRONG BUY

36.410

Charges a toll that is not based on the day-to-day commodity prices. Substantial growth plans going out over the next decade. Growing dividend. Should be a cornerstone of all portfolios.

2010-07-06

PAST TOP PICK

36.340

(A Top Pick June 25/09. Up 23%.) Closer to full valuation now but is happy to hold safe stocks with a little bit of growth. 4% yield.

2010-06-28

DON'T BUY

36.950

Don Lato

When looking at yields, he prefers something with more growth. Not enough growth potential of at the current price multiple of 15-16 times earnings.

2010-06-23

BUY

37.020

Good defensive income play. Positive outlook for near and long-term. 4.3% dividend yield. Have projects coming for earnings growth. Did a couple of equity issues that will be dilutive to earnings in the near term but as projects kick in, it should be more earnings growth.

2010-06-22

TOP PICK

35.740

Likes it for the yield, which is rising and the backlog of projects. Power generation will more and more become a privatized business across the province. So much of its business is pipelines and power generation that it doesn’t matter who runs it.

2010-06-03

PAST TOP PICK

35.740

(Past Pick May 19/09, Up 19.53%)

2010-06-03

BUY

35.120

Douglas Kee

It’s a core position at 5% of his portfolio. Lot of projects that are coming on in the next couple of years. They had to do a lot of equity issues over the years. Keystone pipeline is coming on line as soon as it fills. There is a fear of over capacity. Customers want discounts. Well managed company and he likes where they are in generation and pipelines. They are a dividend grower.

2010-06-02

PAST TOP PICK

35.500

(Top Pick , Down 0.36%) Would still look at for dividend yields.

2010-05-31

TOP PICK

34.910

Been in the penalty box for a while. Significant pullback giving a good entry point. Catalysts are 1) it's defensive, 2) good dividend yield, 3) Keystone is a positive for the company and over time it will throw off about $1.3 billion in terms of cash flow and 4) the restart of Bruce #1 and $2, which they have a significant interest in.

2010-05-28

TOP PICK

34.300

(A Top Pick Sept 28/09. Up 7.02%.) Very secure dividend yield. Pre-funded the majority of the major cap-X program on their Keystone project. Expect it to be a 10%-15% grower beginning next year. Good defensive position for a portfolio.

2010-05-26

PAST TOP PICK

35.800

(A Top Pick May 19/09. Up 19%.) A core holding because the dividend is so good and he keeps going up. Has a pipeline of projects in power generation and energy transmission. Terrific entry point right now.

2010-05-10

WAIT

35.600

Brooke Thackray

Utilities tend to do better in July. Tend to get hit with the market in the beginning and then people tend to get attracted later in July and in September.

2010-05-06

BUY

35.840

Don Vialoux

Chart shows a very distinct upward pattern. There is a band of resistance that the stock is going to have to go through and that could take some time. It'll probably reached the band late this year.

2010-04-30

WATCH

35.650

Michael Smedley

New CEO. There is criticism about the over build for product that will not be pumped through. A good dissent provides opportunity.

2010-04-29

BUY

37.600

Leader is retiring. Has done a tremendous job with the company. Comfortable with new management.

2010-04-26

BUY

37.630

Turning from a boring dividend company to a real excellent growth company. Have about $30 billion of projects for the next 5 years. A lot of debt going forward so they will have to raise a lot of equity going forward. They are targeting a 50% earnings growth over the next 5 years. Looking for increased dividends.

2010-04-20

TOP PICK

37.280

Time to be more defensive. Market will trend higher but slower than last year. Main catalyst going forward is Keystone, which is producing cash flow now. Going into 2011, it has a Bruce #1 and #2 restart, which is another catalyst. Have all capital expenditures fully funded to the end of 2011.

2010-04-16

PAST TOP PICK

37.580

(Top Pick Apr 6/09, Up 24.5%) Still likes it at this level. Will compound for the next decade.

2010-04-13

TOP PICK

37.660

Perfect mix of growth (new pipeline ventures and utility ventures) and defensive if the economy starts to slow down. 4% yield and will probably increase it again later this year.

2010-04-06

TOP PICK

37.220

David Burrows

Gives you a yield with some inflation protection. Has very predictable businesses in large pipelines, gas and power generation. Earnings probably grow 10% a year. Have their new Keystone pipeline coming on.

2010-03-31

PAST TOP PICK

37.180

(A Top Pick Dec 17/09. Up 3.2% excluding dividends.) Likes the defensive character of its core asset. Great network and building it out with the Keystone pipeline. Produces a tremendous amount of cash. Good dividends.

2010-03-26

BUY

37.820

Paul Harris, CFA

Not cheap at these levels but a very consistent company.

2010-03-25

BUY

37.140

Good track record of raising their dividends. Have $30 billion worth of projects over the next 5 years and they believe it will grow earnings by 50%, which means higher dividends.

2010-03-24

HOLD

36.630

Likes this one. Good defensive stock.

2010-03-12

TOP PICK

34.780

Under performed. Had challenges last year but now growth is becoming more obvious.

2010-03-05

PAST TOP PICK

34.780

(Top Pick Apr 6/09, Up 20.54%) If it goes up another 20-25%, you would have to look to see if the yield was still what you wanted.

2010-03-03

BUY

34.780

David Cockfield

Just increased their dividend by a small amount. A core utility. A great potential for Canada to ship gas offshore.

2010-02-26

WAIT

34.930

Michael Simpson, CFA

They missed expectations today. They issued a lot of shares. They raised their dividend today. Some worry that there is two much pipeline capacity in western Canada.

2010-02-23

BUY

34.000

Derek Webb, CFA

Has come down to its support line. Shouldn't have had the correction it did since it is not as cyclical as most businesses.

2010-02-11

PAST TOP PICK

34.440

(A Top Pick Dec 18/09. Down 3.96%.)

2010-02-05

PAST TOP PICK

34.440

(A Top Pick Aug 18/09. Up 9.33 excluding dividends.) Company had pre-funded a tremendous amount of capital spending that will deliver solid low double-digit earnings growth in the back half of 2010, 2011, 2012 and 2013. 4.4% yield. Still a Buy.

2010-02-05

DON'T BUY

34.520

Brian Acker, CA

He has a model price of $31.91, about 7% to high. A yield story, not of valuation story.

2010-02-03

PAST TOP PICK

34.460

Gavin Graham

(A Top Pick Jan 14/09. Up 6.58%.)

2010-02-01

HOLD

34.460

John Zechner

(Market Call Minute.) If you want a yield continue to hold. Not much growth and somewhat expensive.

2010-02-01

PAST TOP PICK

34.650

Charles Lannon

(Top Pick Feb 17/09, 6% capital gain) Investor base had to digest all the equity issues. Thinks this is really an attractive stock.

2010-01-26

TOP PICK

34.960

(A Top Pick Jan 2/09. Up 8.29%.) This is a time to being a little more defensive. Basically hasn't moved in over a year. Has Keystone pipeline coming on so it's getting into the oil transportation business, which will start impacting it meaningfully this quarter. Can finance all its growth through internal cash generation.

2010-01-22

Comment

34.940

Jeff Black

Quality company. Trading around 17X forward earnings with a good base of dividends.

2010-01-14

BUY

35.150

Ross Healy

Trades at about 1.5X Book. 4.3% yield.

2010-01-11

BUY

35.200

Douglas Kee

Have increased their dividends 5%-7% a year in the last 5 years. Did a number of equity issues that held the stock back. The money was for the Keystone pipeline going into the US and eventually to the Gulf of Mexico. In 2011 earnings will grow 10%-12%.

2010-01-08

PAST TOP PICK

35.620

Karl Berger

(A Top Pick March 3/09. Up 28.61%.)

2010-01-05

PAST TOP PICK

36.190

Laura Wallace

(A Top Pick Jan 28/09. Up 12.37%.) Still a Buy.

2009-12-31

BUY

35.930

Rick Stuchberry

Well managed company. Have no liability on the gas price, which is important.

2009-12-30

BUY

35.410

Would buy this one over some of the pipeline income trusts is the valuation is much more reasonable and the dividend is better covered. Also better growth prospects.

2009-12-23

TOP PICK

36.170

North American leader in pipelines and are diversifying to add energy projects in Ontario including nuclear, wind and natural gas generation. Reasonable valuation. Fair amount of debt but they can manage this. Good yield.

2009-12-18

BUY

35.980

Stock is going up because of a rotation away from the cyclicals towards a more stable utility kind of names. Still has room to go and expects a dividend increase in 2010.

2009-12-15

TOP PICK

35.680

Over next 3-4 years they will be completing pipelines. Power business will expand fairly rapidly. Is going to sharply increase it’s free cash flow. Hopefully will increase the dividend at some point. Will build a power plant in the Oakville area.

2009-12-14

PAST TOP PICK

34.970

(A Top Pick Dec 3/08. Up 10.58%.) Still a Buy.

2009-12-11

BUY

34.530

Nick Majendie

Excellent outlook. About 85% of CapX program is regulated or long-term contracts so has a lot of confidence in earnings. Looking for growth of about 7%-9% a year over the next 5 years and with dividend growth at least 7% gives 11%-13% growth at least.

2009-12-09

PAST TOP PICK

34.680

(Top Pick Dec 15/08, Up 13%) They increase the dividend regularly. More and more into the electrical generation process. They are not into unrelated businesses. Stock held back by massive stock issues but they are done.

2009-12-08

BUY

34.500

Pre-raise money and acquired Keystone. Stock has finally gone through the issue price. Not looking for an increase in dividends until late 2011 and 2012. 4.4% dividend.

2009-12-07

BUY

33.700

Pipeline and power Company. Low natural gas prices don't have a huge impact because they get a regulated rate of return. Defensive name. Yield of over 4.5%. Good pipeline of projects coming on over the next few years.

2009-11-26

PAST TOP PICK

33.530

Gavin Graham

(A Top Pick Jan 14/09. Up 3.32%.) Looking for a percent-10% growth because of the Keystone Pipelines. Still buy.

2009-11-23

BUY

33.530

Brooke Thackray

Solid well managed company. Evenly split between the power and pipes. 4.6% yield. Will be hiking their toll rates on the pipelines. Chart shows an ascending triangle, which is positive.

2009-11-23

BUY

33.000

Douglas Kee

Pipelines. Thinks they will be increasing their dividends between 5% and 10% through the years.

2009-11-19

PAST TOP PICK

33.000

(A Top Pick Dec 2/08. Up 5.9%.) Picked as a low volatility with some value for a defensive play. Still likes its prospects. Huge book of projects.

2009-11-19

Comment

32.550

Mark Carpani

Bond or stock? Two different risks. Bond is going to be higher up in the capital structure and the stock will have a little more risk. If you are conservative, stick with the bond. If you want more growth and a 4.7% yield, go with the stock.

2009-11-17

TOP PICK

32.200

Good yield of 4.7%. This type of stock has been left behind in this market and when things start to correct, they'll start to do well. Good growth profile. Good for conservative yield seeking investors.

2009-11-16

BUY

32.580

Rick Stuchberry

Enbridge (ENB-T) and TransCanada (TRP-T) are both good. He owns TransCanada because of a slightly higher dividend.

2009-11-12

BUY

32.280

If you want a security that has a safe dividend and that will raise it over time, this is a good name. Hasn't participated in this rally even though earnings have been strong. Poor natural gas prices have impacted the price they get for power but they have an unbelievable amount of growth projects.

2009-11-10

TOP PICK

32.280

5% yield AND internally invest in their company for 5% growth, and consistently do that for years, compounding. That is a fantastic rate of return. Professionally run. Have maturity of debt to avoid impact from interest rate spikes.

2009-11-10

PAST TOP PICK

32.240

(A Top Pick Oct 22/08. Down 2.5%.) Solid dividend play. Last 6-7 months investors have been piling into risks and you can make a very good argument that you might see a return to yield. Increasingly becoming a power weighted business. Cheap. 4.7% yield.

2009-11-09

Comment

32.050

Glenn MacNeill, P.Eng.

Provides a fairly high dividend. Big danger is in the rough gas markets where volumes will go down, which will spread the tariffs. 4.7% yield. Prefers Enbridge (ENB-T) a little better for the short-term but this one for the longer-term.

2009-11-06

DON'T BUY

32.790

Stan Wong

A little bit boring in this environment. Utilities will not do very well in a recovering economy and rising stock market.

2009-11-04

WEAK BUY

33.070

Ross Healy

Has come down to quite a low valuation level and is oozing its way back up again. 50-day moving average is above the 200-day moving average, which is a very bullish sign. He sees support at $32. 4.6% yield.

2009-10-26

PAST TOP PICK

33.260

Karl Berger

(A Top Pick March 3/09. Up 18.04%.)

2009-10-14

HOLD

33.050

Robert Lauzon

(Market Call Minute.) There are better opportunities in the market besides this one.

2009-10-05

Comment

32.960

4.6% yield. Likes this one.

2009-10-01

PAST TOP PICK

33.370

Charles Lannon

(A Top Pick Feb 17/09. Up 5.51%.)

2009-09-30

BUY

33.200

Prakash Hariharan

Safe, solid name. Likes the management. You are not looking at a growth story here, but a rock solid name. It could trade flat for a year. Prefers the sub-debt.

2009-09-29

PAST TOP PICK

33.200

(A Top Pick Aug 18/09. Up 7.68%.)

2009-09-28

BUY

33.200

(Market Call Minute.) Great infrastructure name.

2009-09-28

BUY

33.660

Loves this one for the long haul. Also loves the 4.52% dividend and its increases. Has about the best credit in Canada.

2009-09-23

HOLD

33.170

Ron Meisels

Stock is starting to behave better. Price has gone above the 200-day moving average. There have been 2 congestive areas of support and has now had a breakout. Stoploss should be around (below the round number) the $32 area.

2009-09-18

BUY

32.270

Steve Carlin

Putting some of his income oriented accounts into this.

2009-09-16

BUY

32.460

(Market Call Minute) Still under issue price and lagged comparables

2009-09-15

PAST TOP PICK

31.930

(A Top Pick Sept 5/08. Down 12.32%.) Still a Buy.

2009-09-11

DON'T BUY

32.400

Jaime Carrasco

Likes the pipelines. They are a simple business. Get paid for sending things through a pipeline. Prefers Pembina (PIF.UN-T) or Enbridge (ENB-T). 4.7% yield.

2009-09-04

TOP PICK

32.310

Rick Stuchberry

Very defensive stock. 4% yield. Transports 20% of North America's natural gas. Not exposed to commodity prices. Owns 15% of Bruce generating station in Ontario. You can set on this stock and wait for the markets to get better.

2009-08-27

BUY

32.680

Pipeline network spans across North America and also has some power plant interests. Recently did a big equity issue to fund their growth projects for the next 2 or 3 years. Near term dilutive until these projects come into stream and start to contribute to earnings. 4.7% yield.

2009-08-26

PAST TOP PICK

32.500

Karl Berger

(A Top Pick March 3/09. Up 10.73%.)

2009-08-25

BUY

31.990

Joseph Schachter

Bringing on an oil pipeline system into the US, which will bring a lot of upside growth. Once natural gas prices recover in the next couple of years, they will be involved in any expansion in Western Canada.

2009-08-21

TOP PICK

31.500

Contrarion call. Spent a lot of money lately on projects that won’t contribute to income in the next couple of years. Recently shorted Enbridge against his TRP.

2009-08-18

TOP PICK

31.260

Glenn MacNeill, P.Eng.

Good growth prospects in front of it through the Keystone project, which will generate good cash flow through the next couple of years. Has the Horn River project that will generate good cash flow. Over the next 2 years it will provide better returns. Good distribution of about 5%.

2009-08-11

TOP PICK

31.430

Did a big equity issue of $1.7 billion to pay for the pipeline from Conoco Phillips (COP-N), which does not pay them any earnings until 2011 so earnings are diluted. Without this stock would be $37. Gives you a chance to buy at $31. 4.8% yield. Safe place to hide.

2009-08-10

TOP PICK

30.640

Has always been expensive and this is an opportunity to buy with this selloff. 5% yield and trading at roughly 15X earnings. He is hoping to have a 10% ROI annually.

2009-07-31

DON'T BUY

30.500

Michael Sprung

Nice yield of almost 5%. Have been expanding aggressively through acquisitions. Have diluting shareholders through a lot of new issues. Prefers International Pipeline (IPL.UN-T), which has a better yield. On multiples they are about the same.

2009-07-28

TOP PICK

30.620