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Enbridge Inc. (ENB $66.05)
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Pembina Pipeline Corporation (PPL $55.48)
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Keyera Corp. (KEY $44.23)
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Brookfield Infrastructure Corporation Class A Exchangeable Subordinate Voting Shares (BIPC $62.34)
Q: Hello, I have these 3 pipeline cos plus BIPC and I would like to reduce these to 2 stocks (should be sufficient to cover the sector) among ENB, PPL and KEY. I want to keep BIPC. Which ones should I keep and why? I have held these 3 stocks for over 20 years and plan to hold 2 of these for at least another 5 years, possibly 10. Thanks
5i Research Answer:
We would see ENB and PPL as the keepers. We like both. ENB has defined projects ahead and a plan to continue to raise dividends. PPL has a somewhat discounted valuation, a solid secure dividend with growth potential. Both companies should benefit from lower interest rates, directly and indirectly.