Valuation gap adds to telecoms’ appeal

Traditional telecommunications service providers, such as Telus and BCE, are trading at substantially lower valuations than other “infrastructure” type companies. This is not only true for Canadian companies, but also for U.S. and other similar companies in Europe.
Infrastructure-type companies such as telecommunications, pipeline, utility, and… Read More

Nice pickup for Pembina

PEMBINA PIPELINE, $46.00, is a buy. The company (Toronto symbol PPL; Shares outstanding: 549.4 million; Market cap: $25.1 billion; TSINetwork Rating: Average; Dividend yield: 5.8%; www.pembina.com) has now agreed to increase its stakes in two joint ventures it has with Enbridge Inc.
Pembina will acquire an additional 50.0% of the… Read More

Good time to buy more Enbridge

Enbridge, like all high-yielding utility stocks, has struggled in the past year as rising interest rates increase the appeal of competing bonds. Higher interest rates also make it more expensive for the company to make acquisitions and fund new growth projects.
However, Enbridge’s rate-regulated operations give… Read More