Altagas Ltd (ALA.TO)

(Top Pick Mar 25/13, Up 39.25%) Nowhere near attractive a valuation as it was. If interest rates go up this one will run into trouble, but he does not think that will happen. He is holding because he does not have good alternatives. At the low $40s he would look at buying more.

(A Top Pick May 23/13. Up 22.79%.) Growth over the next year is going to become more utility-like making it more conservative and lower risk which should give them a multiple expansion. Thinks there is 25%-30% upside to the stock price over the next few years because of the LNG opportunities. Contemplating a project on the West Coast to export propane. Sees a 25% further upside to the stock price. Yield of 3.32%.

Nice diversified energy company. They produce, distribute and store. For new money, he would be adding it to a portfolio. He has it as a “sector perform” with a medium risk. It is already ahead of his target of $43.

(Market Call Minute.) Likes it. Thinks it is a little bit expensive here.

(Top Pick Feb 14/13, Up 28.03% total return) Thinks it has about a 5 year tail wind in front of it. Has lots of growth in the regulated business. 4-5% dividend and 5-7% growth makes it very attractive.

Really likes the midstream space where there is a ton of opportunities in terms of growth for all midstream companies. For companies that are benefiting from the shift in the basin towards natural gas liquids and all the infrastructure that is needed now, this is a sweet spot. This company is probably one of the more defensive names. About a 3^rd of their business is in utilities, a 3^rd with power and some growth embedded through the gas gathering side of their business. Have a big power project coming on this year.

Is in his short list. It is a bit expensive in this market. Prefers others in the space.

Has had a great run. Has recently taken out the highs of last year. Steady dividend payer on the way up over the last 5 years. If it takes out the lows from last year it would kill the trend. $6 risk to new money put in right now. Upside is a couple of percent but 15% downside so he would not chase it.

Owns in his income fund and it ranks well fairly well in his process. Besides gas, they have a number of other projects on the go, where they are probably going to see some growth and also some stability. Has a decent yield and some growth prospects. Yield is well supported by its fundamentals. You might consider scaling in by Buying some now and the rest later.

Looking at this in relation to other companies in the midstream space, this is one of the better ones. Have tremendous growth and a reliable and growing dividend. Well managed consistently, over a long period of time. Valuation is too high. (See Top Picks.)

Likes it. Street target is just above where it is now, but his target is above that. A couple of years out it could be considerably higher than it is now. If you are overweight, then trim a bit.

One of his favourite pipelines. Has the only gas pipeline to the BC coast and is going to expand it. Also, has a flagship electric energy project coming on that will give it some real cash flow boost. Anticipates that it is in a good position of growth over the next 3-4 years. Could see $43 in a year. Yield of 3.77%.

In any income and infrastructure portfolio this is core. Business segments are split between clean energy, gas and utilities. Have a huge project coming on next year and she would recommend viewers to go on the company’s website to see the video for the Forrest Kerr project. It is phenomenal. It will add $100 million in EBITDA to their bottom line on a $350 million base.

(A Top Pick June 6/12. Up 43.53%.) This company has a lot of growth levers behind it. Pretty close to the end of their Forrest Kerr hydroelectric project that they are bringing on stream. Since then, they have filled in the growth opportunities in their power business. Have a lot of opportunities on the LNG side and the PNG side. Outlook on this company is still very, very positive.

Energy infrastructure plus it has utilities and hydro power. In 2014-2015 they have 3 power projects in BC coming on, which will stabilize their earnings a little bit. Have about $2.5 billion in CapX coming on in the next 4 years, primarily in the energy side. This will see growth in earnings and growth in dividends. He is expecting it to be a 10% dividend grower.