Q: Can I get your asessment of RGSI. Looking for a bit of growth but like the US dividend from a Canadian corporation. Does RGSI trade in the US so I could move to my US account after purchasing. Already own ENB. Maybe an alternative if not recommended.
5i Research Answer:
RGSI is a decent midcap energy infrastructure company, focusing gas storage assets. Yield is 4.47%, it has been public only a short period. Debt is high but earnings growth looks good. It does not have a US listing yet. We would be fine owning it as a complement to ENB. PPL is larger and preferred, but RGSI may have more upside if one is OK with a smaller company.