INNERGEX RENEWABLE ENERGY $10.77 - Toronto symbol INE

INNERGEX RENEWABLE ENERGY $10.77 (Toronto symbol INE; Shares outstanding: 81.3 million; Market cap: $882.7 million; TSINetwork Rating: Extra Risk; Dividend yield 5.4%; www.innergex.com) is buying the 77-megawatt Wildmare wind project from Finavera Wind Energy for $22 million. The project is located in northeastern B.C. and is currently at an advanced stage of permitting.

Innergex aims to start construction of a wind farm at Wildmare in late 2013, and plans to start generating power at the site in early 2015. The total cost to complete the project is estimated at $217 million.

Once the project is fully operational, its power will be sold to BC Hydro under a 25-year contract.

Innergex is a buy.

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Pat McKeough

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Blue Chip Stocks

Blue chip stocks are big, well-established, dividend-paying corporations with strong business prospects. These are companies that also have sound management that should be able to make the right moves to keep competing successfully in a changing marketplace.

Dividend Stocks

Dividend stocks make cash payouts that serve as a way for companies to share the wealth they’ve accumulated. These payouts are drawn from earnings and cash flow and paid to the shareholders of the company. Typically, these dividends are paid quarterly, although they may be paid annually or even monthly as well.

Value Stocks

What are value stocks?

One of the sweetest and most profitable pleasures of successful investing is to buy high-quality “value stocks” (or stocks that are reasonably priced, if not cheap, in relation to its sales, earnings or assets), then hold on to them as mainstream investors recognize the value and push up the share price.

Growth Stocks

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Pat McKeough has been making investing for beginners simple—and profitable—by helping investors make big gains for more than 25 years. His advice to beginning investors is the same as it is for all investors: buy high-quality, mostly dividend paying stocks (or ETFs that hold these stocks) and evenly spread your investments over the five main economic sectors (Resources, Manufacturing, Finance, Utilities and Consumer). Pat also believes investors should avoid stocks in the broker/media limelight and focus on those with hidden or little-noticed assets.

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A penny stock in general trades for under five dollars a share, and as the name implies, sometimes for pennies. Most of the time they’re young companies, or start-ups in speculative markets like mining or technology.

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Energy Stocks

What are energy stocks?

Businesses that work in the extraction, refining and delivery of energy sources such as natural gas, oil, uranium and coal, are considered energy stocks.