Q: What are you thought on taking a half position at current prices in my TFSA? I currently hold a very small 1/4 position in TCP which I would like to increase, but not at current prices. What are your thoughts? Is there a better buy within the sector?
5i Research Answer:
We would see ENB as 'better' and it has a higher yield as well. However, it is more expensive. We think PPL will recover from its recent malaise, especially if interest rates do head lower. We would be OK starting a position for income and some growth potential over time.