STOCKCHASE

Keystone has now come out of the valuation but he thinks it will come although it will take a couple of years. 4% yield. Good entry point.

2012-02-06

HOLD

41.790

Peter Brieger

Sold it because of negative keystone outcome. Thinks that in fact you will see the keystone pipeline built. There is too much pressure from American politicians for the jobs and oil. Thinks it will get built but it is dead money for 6 months except for the dividend. Doesn’t see any tragedies for them.

2012-01-25

BUY

41.810

Did a little profit taking about a month ago. This whole issue is not going to come back until after the election. He is happy holding it whether keystone goes ahead or not.

2012-01-20

BUY

42.440

Long term hold for him at 5% of portfolios. Looking for 5-10% dividend growth. Eventually the XL pipeline will get built. It is more politics than sanity. Well-managed company. Pulled back and represents a buying opportunity.

2012-01-12

WAIT

43.910

Keith Richards

Utility. Has been THE sector. Opposite of RIM. Beautiful. Perhaps a little over bought. Buy at the trend line.

2012-01-03

Comment

43.730

Ben Cheng

#1 question on everybody's mind is the fate of the Xcel pipeline. With this being on hold now they have to find another route. Feels they will find another route that will be acceptable.

2011-12-20

Comment

42.540

John O'Connell, CFA

Trans Canada (TRP-T) or Enbridge (ENB-T)? Owns a lot of Enbridge and just increased their dividend 15% as well as their guidance for next year. When there is an interest rate change, be careful and seriously re-evaluate.

2011-12-08

Comment

42.570

The Keystone project is worth about $3 a share. Fully valued at end the end of 2012, the stock would be $45. At this price, you could still buy and get 5% plus the dividend. Keystone probably won’t show earnings until 2014.

2011-12-07

PAST TOP PICK

43.050

Christine Poole

(A Top Pick Nov 29/10. Up 21.68%.) Sold her holdings a couple of months ago.

2011-12-01

TOP PICK

42.880

Greg Newman

Feels that Keystone and Excel will eventually get built after the 2012 election, which is not built into the stock price. Good yield and good balance sheet. Trades at about 16X forward earnings while the group trades at about 20X.

2011-11-30

PAST TOP PICK

39.850

(A Top Pick Nov 9/10. Up 10.42%.) Still likes.

2011-11-10

HOLD

40.580

Keith Richards

This one is waiting for a shoe to drop out of the sky. Doesn't matter if you are a technical or fundamental player, you don't know. Generally speaking, the trend is up that recently broke down because of all the news and noise. Pretty significant resistance in the low $40 that it doesn't seem to be able to crack.

2011-11-09

Comment

41.650

If you are a trader, $40 would be a good place to get in. In the news with the controversy on their pipeline going through the US. Questions are will it get built and when. Has been the worse performer of the pipelines. Their other businesses are fine.

2011-11-07

DON'T BUY

41.860

John O'Connell, CFA

He feels most people think they will get the pipeline permit. If they do, the drawback is they are going to have to raise capital to help finance the transactions. Although the Excel pipeline is a great idea, Enbridge (ENB-T) pipes have a lot more option allocate in them.

2011-11-02

Comment

41.860

Have a lot of issues in front of them, Keystone being one of a few. PE is 18X this year’s earnings and 16X next year’s. Little chance for a dividend increase given the outlays they have to make over the next several years. Great yield but if you are holding it for growth, he doesn't see the growth.

2011-11-02

SELL

43.480

John Zechner

Doesn’t know how we settle out on the keystone issue. On pure valuation basis you have a good return. Thinks there is limited upside here. He would take some money off the table at this point.

2011-10-28

HOLD

43.680

Keystone is a bit of an overhang, but it is still one of the 10 best stocks over the last 3 months. Enbridge grows earnings at 8-10%, twice TRP, but it is a good solid hold.

2011-10-26

Comment

43.750

Opinion on the Keystone seems to change every day. He is watching very closely. Big problem is that the pipeline will be crossing a major aquifer. Feels the deal will be conditional on them rerouting, which would take another couple of years. Has been paring his position recently. (See Top Picks.)

2011-10-21

BUY

43.400

Stan Wong

Likes it and likes utilities and pipelines. When markets start to move again this will be the type that will lag.

2011-10-19

TOP PICK

0.010

Randy LeClair

Preffered 4.4% Series 5. Callable at January 30/16. He doesn't own them yet but is looking at them.

2011-10-17

Comment

41.400

Christine Poole

Keystone will be approved, but if it doesn’t the stock will come off. Just sold a few weeks ago. Has done well in this pullback but it reached her target price. She is seeing a lot of local and environmental backlash regarding the pipeline. Have to negotiate new tolls next year and she doesn’t know how that will play out.

2011-10-12

TOP PICK

40.660

Lyle Stein

The Keystone project is important but not their sole growth asset. Good history of paying out and growing their dividends. 4% yield. Sitting on assets that are very hard to replicate.

2011-10-05

STRONG BUY

42.720

Well governed and a benchmark name and should be owned by every Canadian. A defensive name. A lot of growth prospects. First class operator and you want to hold it for stable growth and dividend. The overhang is that it is fairly likely that Keystone gets approved.

2011-09-28

BUY

41.520

Has a double position. 95% probability that keystone will be built. IT is hanging in there extremely well. Dividend is solid and raised on an annual basis.

2011-09-23

BUY

41.310

Mike S. Newton, CIM FCSI

Still a little bit of an overhang on this stock from the keystone question. A great entry point right here. Thinks Obama will give it the rubber stamp.

2011-09-13

Comment

41.700

Even if the US vetoes the Keystone project, someone will still need and want the oil and this company will find other means to ship it. The odds are that Keystone will get approved.

2011-09-09

Comment

42.680

John O'Connell, CFA

Feels the US president is going to say Yes to the Keystone project and it is going to get built. They need our oil. Will have to raise a lot of money to build this, which could be a bit of a negative.

2011-09-07

BUY

42.360

Ross Healy

Liked it for a while. A core stock in his portfolio for some time. It had a set back, fell to support. Would be awfully nice to have keystone go through but if not, it’s ok.

2011-08-31

TOP PICK

41.700

Karl Berger

Keystone pipeline will get done. Project has as much of a green light as it’s going to get. There will be more opposition. Will be hugely accretive over the next few years.

2011-08-30

BUY

37.330

Rick Stuchberry

Had sold his holdings but is now looking at it again. Has a very nice yield at 4.5% and is pretty stable. Keystone has to go ahead but the fundamentals are pretty solid.

2011-08-08

HOLD

39.680

Michael Decter

2 things he worries about. Shifting where natural gas is being found in North America means they are having significant trouble filling their main gas line from Alberta. They have a big natural gas plant in New York and have recently been hit with what they feel are very unfair rate issues. Feels the Keystone project will get green lighted.

2011-08-02

TOP PICK

39.850

Badly underperformed similar companies because of the uncertainty of the Keystone pipeline. There has also been an issue with this main gas line in Canada because of poor demand of natural gas. A very political issue in the US but he thinks it will get approval.

2011-07-27

Comment

40.790

John Zechner

Slow growth. Analysts recommend it because it is a safe investment and pays a decent dividend. Trading at a mid--teens multiple of earnings, which is rich in this market.

2011-07-25

SELL

39.650

Jamie Horvat

Not one he has looked at in dept. Has largest distribution in Canada. 18$ multiples – historic multiples. Plateaued since 2005. Look at it for the dividend yield. Downside risk short term. It is a yield name, not growth.

2011-07-19

BUY

40.110

Keystone XL pipeline decision in November. He thinks it will get resolved in TRP’s favour. It’s a huge job creation project (125k jobs). Add on pull backs.

2011-07-18

BUY

40.040

If they don’t get permits for XL pipeline it will not hurt the stock very much because they are very long term projects. If they do get them, it could be a good boost, though.

2011-07-12

Comment

42.080

Randy LeClair

Preferreds. Credit quality: They are good – it is quite regulated. It is more about the preferred share type. They have rate resets and perpetual. Perpetuals yield more but are more volatile.

2011-07-05

BUY on WEAKNESS

42.350

Rick Stuchberry

Good company but just sold his holdings because he felt it was fully valued at $43. If it pulls back into the high $30's, he might reenter. Important to take your gains in markets like this. Alternatively, you could sell part of your position to lock in your profit.

2011-06-30

PAST TOP PICK

41.190

(A Top Pick June 3/10. Up 20.92%.) A great stock for income seekers. Tremendous record of raising its dividends. Believes the Keystone pipeline into the US will be approved.

2011-06-16

BUY

42.430

Has moved up more than ENB lately.

2011-06-07

PAST TOP PICK

42.540

(Top Pick May 28/10, Up 27%) Declining volumes on the main line are already in the stock price. They also generate power. Good time to buy more.

2011-06-06

Comment

43.160

Has been coming on like gang busters and unfortunately hit a new high today so you are a little bit late but for a longer term basis you cold buy here. Keystone project seems to be making more progress in the US. Have some holdups relating to environment, etc but thinks it will go through. #.89% yield.

2011-05-27

Comment

42.720

Keystone project will get done. US government has said they need a more secure supply and need the oil sands to replace the supply from Mexico. Has just started to move and has a decent yield.

2011-05-20

Comment

41.240

Stan Wong

Great dividend paying company and long term good cash flow. Trading at about 17X forward PE, which is near a 2 year high. This and similar companies have done very well over the last several years because of falling interest rates. Once they start to move up, it may not look as attractive.

2011-05-12

Comment

41.380

Laura Lau

Switch from this to NAL Energy (NAE-T)? Depends on your risk profile as TransCanada is a lower risk name. NAL's fortunes are still connected to commodity prices and TransCanada less so. Big issue with TransCanada now is the mainline tolls. Currently it's $1.89, which the producers feel it's too high..

2011-05-09

SELL

41.650

Barry Schwartz

He is trimming it here and not buying for new clients. He doesn’t want to pay 20x earnings. If we see higher inflation, they will slow because they are regulated. We are beginning to realize that the keystone pipeline is going to happen and this is causing price pops.

2011-05-03

PAST TOP PICK

40.350

Andrew McCreath

(A Top Pick May 26/10. Up 22.56%.)

2011-04-28

BUY on WEAKNESS

40.080

Rick Stuchberry

Uses this as an income stock. Stable. The difficulty is whether the Keystone project is going to go through or not. This decision will be made in the near future. Doesn’t expect the stock will collapse if it doesn’t go through. Extended a bit right now and if it went through $40-$41, he might trim a little bit. Wait for pull backs to the mid $30’s.

2011-04-21

PAST TOP PICK

40.060

(Top Pick Apr 16/10, Up 12.12%) Core holding for him. Trades around the name. Headwinds are largely in the rear view mirror. Thinks keystone pipeline will ultimately get built.

2011-04-20

BUY

39.830

Michael Sprung

How are they going to finance the Keystone pipeline? Will there be a dilution of shares? This company has been noted for diluting shares when they need cash. There is hope that this won’t happen as much as it has in the past. With over 4% yield and the prospect of Keystone actually happening, looks attractive. Prefers Enbridge (ENB-T).

2011-04-19

BUY

39.400

Michael Decter

Lower yield but has some good growth prospects ahead of it.

2011-04-13

PAST TOP PICK

39.430

David Burrows

(A Top Pick March 31/10. Up 10.53%.) Still a Buy.

2011-04-07

DON'T BUY

39.460

Having some political issues getting across Texas to Houston (for refining) passed. Stock is a little expensive. Pays a decent dividend but he doesn’t see a lot of growth particularly when you are paying 15%-16% times earnings.

2011-04-06

TOP PICK

39.460

(A Top Pick April 6/10. Up 8.94%.) Lagged because of 1) slowdown in the economy and industry and pipeline isn’t full. 2) Uncertainty whether Keystone pipeline to take oil sands oil down to the Gulf would be built. Believes there is a 95% certainty that Keystone will be built. 4% + dividend. Has huge catch up to the other stocks.

2011-04-06

BUY

39.750

Mike S. Newton, CIM FCSI

Environmental protection in the US has been overhanging the Keystone pipeline project for a long time. A more interesting issue is the negotiation of their toll rates on the products in the pipeline. Won’t rocket in any one direction but you’ll at least collect the 4.5% dividend.

2011-04-04

PAST TOP PICK

38.780

Philip Doyle

(A Top Pick Dec 18/09. Up 14.81%.)

2011-03-29

BUY

39.040

A core holding for him. Likes pipelines and the fact they are regulated. Keystone pipeline diluted shareholder value but he expects the payout to rise 10% per year over the next few years.

2011-03-21

WEAK BUY

38.390

Prakash Hariharan

Go-to name. With the dilution in the stock due to cap-x spending behind them, they are generating a lot of free cash flow. Could be a dividend increase in the near term. Only issue he has is the toll increase the have been talking about. He needs clarification.

2011-03-09

BUY

38.550

Michael Simpson, CFA

Big blue chip utility. Primarily pipeline and power. Pipeline is about 70% of their EBITDA. Analysts think they can grow dividends over the next couple of years as they have growth projects coming on. Bought some power assets in New York state, which some analysts feel will start to perform a bit better. If you have a longer-term outlook, this would be a good one to own. 4% yield.

2011-03-04

PAST TOP PICK

38.550

(Top Pick Mar 5/10, Up 12.47%) Had a hiccup when there was negative press. The next leg up is the Keystone XL pipeline down to the Gulf.

2011-03-04

BUY

38.440

Laura Wallace

Just raised the dividend 5%, which shows they are confidant about earnings. Big issue will be what happens to Keystone. Waiting for approval, probably mid to late 2011. Very political. Likes the company.

2011-03-03

Comment

38.440

Michael Sprung

Transcanada (TRP-T) or Enbridge (ENB-T)? He would prefer Enbridge as he feels it is a better managed company. Investors have not been diluted as much along the way with new issues but you do pay a premium for it, which is reflected in the yield. Transcanada is engaged in conversations on one of their pipelines so this is a bit of a question mark.

2011-03-03

WEAK BUY

38.830

Barry Schwartz

Exposed to natural gas prices. They are spending of the next 5 years on various projects. They can’t adjust prices for inflation easily.

2011-03-01

TOP PICK

39.040

This company has hardly done anything because of the great uncertainty of the Keystone project, the great growth engine. US environmentalists hate it, which has pushed it back as to when it is going to be built and created some uncertainty. He has just doubled his holdings. 95% chance that Keystone will come through, especially with the middle east problems. Extremely cheap and a good dividend yield.

2011-02-28

BUY

38.490

A utility with a good yield. Was a little concerned. Making good headway with their pipes into the US. If anything has helped them recently it would be the events in Libya. Should help on the adverse publicity on the oil sands.

2011-02-25

HOLD

38.150

Jim Huang

Dominate gas pipeline company in Canada. Good candidate as a long-term hold. Also building a pipeline into the US that could have a strategic advantage over the other pipelines. Quite stable. If you are a dividend player, you should probably hold.

2011-02-24

DON'T BUY

38.410

Fine company. Expensive given low growth profile. Keystone issue is overhanging it. If you are looking for dividend, it is pretty good, but prefers IPL for pipeline dividend.

2011-02-22

WATCH

37.850

Struggling a little to get the Keystone project approved. Project represents some of the next growth in 2012-2015. If it went away, it would probably halve the growth and the stock would get hit. Believes that it is more than 50-50 that it will go through but you have to watch.

2011-02-16

WEAK BUY

36.870

Michael Smedley

Very large pipeline and transportation company and very much a long-term hold. A decent blue chip. 4.36% dividend. There are others he prefers more.

2011-02-01

BUY

36.850

Like its long-term outlook but has lagged in the near term. Price/demand for natural gas is down. Also some uncertainty on the pipeline they want to build running from the oil sands down into the Gulf. 95% chance it will go through. A lot of growth ahead of it.

2011-01-26

PAST TOP PICK

37.150

(A Top Pick Jan 22/10. Up 10.69%.) Good yield. Struggled a little vis-à-vis Enbridge (ENB-T) but generally a name you need to Hold. Defensive.

2011-01-17

SELL

37.020

Good company but would prefer Inter Pipeline (IPL.UN-T), which has more growth and better yields. This one is very richly priced at 15X earnings for the growth it offers.

2011-01-12

BUY

37.240

Jeff Black

Dirty Oil issue: Not sure US has the luxury long term to feel that way. Canada is politically stable. Too large a reserve to ignore.

2011-01-11

PAST TOP PICK

38.120

Peter Brieger

(A Top Pick Dec 14/09. Up 10.99%.) Still likes. Dividend of about 4.3%. With a potential capital gain, you get a 10%-11% total return for 2011.

2010-12-15

BUY

37.640

David Burrows

With their pipeline routing it is a good business with a little bit of growth attached and a 4% yield. Back-up in long-term interest rates is more challenging for utility type companies but the combination of a little growth and good dividend yield, you’ll probably get a good total return.

2010-12-13

DON'T BUY

37.710

Hap (Robert) Sneddon FCSI

Good solid business and good solid dividend but would rather get the yield for some of the trusts if you are just looking at income. At 16X earnings he doesn’t see a lot of earnings potential.

2010-12-08

TOP PICK

36.200

Joey Mack

Preferred 4.4% (TRP.PR.C). Yield of 3.97%, interest equivalent 5.43% because of the tax treatment on it. Utility preferreds are better than banks preferreds right now.

2010-11-30

TOP PICK

36.280

Christine Poole

Under performed the group. Stock price is down because of decreased volumes in their western gas pipelines. Negotiating a settlement with the shippers. Looking to defer some depreciation decreasing what they make back on the pipeline. This will be recovered later on. No impact on earnings. $20 billion project will eventually improve cash flow and dividend growth.

2010-11-29

BUY on WEAKNESS

35.980

Nice up trend from early 2009 but just recently broke down through its trend line. Would like to see where it settles out at. Would like to see it at $35 where you might nibble little. Attractive yield.

2010-11-19

BUY

35.960

Laura Wallace

Attractive yield of 4.5% with a history of increasing. Targeting 8% growth over the next 5 years. Not sure that all their capital projects have been recognized in the market.

2010-11-18

DON'T BUY

35.960

Stan Wong

Analysts are revising their estimates downwards over the next quarter and year so earnings are expected to come down. Good yield of about 4.5% and relatively decent dividend growth. You want something that is more geared to growth or reemergence of the economy.

2010-11-18

DON'T BUY

35.950

Bill MacLachlan

Has been disappointing. Bit of a revolt because of the main line tolls from gas marketers. Lower natural gas prices are not good for them. Can’t see where they are going to get the growth.

2010-11-17

TOP PICK

37.190

Expecting a good year in 2011. Will be producing more electricity and the Keystone line to the US will be approved now that their elections are over. Dividend tends to rise.

2010-11-09

PAST TOP PICK

37.190

(Top Pick Nov 16/09, Up 21%) Likes growth prospects and dividend that is raised on a regular basis. A core holding.

2010-11-09

BUY

37.670

Gives you US Power in addition to the pipeline business. Looks like the extension to the Keystone pipeline is going to be built into the US. Have a bunch of power stations in New York, which will be moving off their old charging structure and give them a better return. Decent yield.

2010-10-29

BUY

38.480

Crescent Point (CPG-T) or Trans Canada (TRP-T)? As a conservative investor, he would pick Trans Canada as a core holding. Dividend grower of 5%-10% a year.

2010-10-25

SELL

38.310

Caller looking to get out of this and into Inter Pipeline (IPL.UN-T) or Pembina Pipeline (PPL-T). Not a bad strategy but prefers Inter Pipeline of the two. 5% yield was great. 4% is OK but thinks capital appreciation will be limited.

2010-10-14

HOLD

38.310

Attractive because of the dividend, fairly high PE. $41-$42 is a 12-month target. Could go sideways for a while.

2010-10-06

Comment

37.560

Michael Sprung

Has languished because a lot of natural gas flows through their pipes. In the last several months, the throughput has dropped by about a third and prices have been depressed. Have been building assets and to a large extent, the market has missed this. Expect it will catch up in valuation over the next few years.

2010-09-22

BUY

37.950

US will have to get oil from somewhere. Could be problems with offshore drilling programs after the Gulf spill. Pipelines, despite leaks, are the safest, most environmentally effective and cost-effective way of transporting oils and liquids.

2010-09-16

BUY

37.890

Tony Demarin

Good yield and a history of increasing cash flow and dividends. Primarily involved in natural gas pipelines. Also has a power division with good growth opportunities in the next number of years coming from hydroelectric projects.

2010-09-15

BUY

38.250

Robert Lauzon

A good, long-term company to have in your portfolio. 4% yield. They will convert dividends for you into new shares.

2010-09-13

BUY

38.490

Barry Schwartz

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