Kinder Morgan Inc. (KMI)

Doesn't follow this name closely, but likes energy infrastructure as a highly attractive area and a key part of the energy transition. His preference is ENB.

He sold all of his direct energy exposure Jan 31. He thinks there is a $55 to $60 for WTI going forward. He has a negative view of this sector going forward. Pipelines and mid-streamers is the place to be and there is a good story behind the return of capital, but it is simply a tough story. He would stay away from it.

He went more positive back in the fall on energy. He is comfortable being out of Canada in energy. This is a good time to build a position in energy but this is not where you get the bang. Your opportunity cost will be significant. He likes XLE-N, the ETF. Or XOP-N is more E & P.

Pipelines. If he didn't know the name of the stock, he would say it has built quite a nice base without any real euphoric volume. Doesn't know what will move this if it hasn't moved yet, but it looks like the risk would be to the upside, not the downside. If he owned it, he would continue holding, but if not, he would be a buyer. Dividend yield of 2.8%.

A pipeline giant. Got highly depressed and there were concerns around the balance sheet, and he thought management had really changed their tune as to where they were going to allocate capital. Instead of getting bigger at all costs, they started getting better. It resulted in a much better free cash flow yield, so he got into this one. Dividend yield of 2.6%.