Tap the power of these 2023 top picks

We have singled out two stocks and one ETF as your #1 buys for 2023. Each offers investors long-term growth prospects at a reasonable price. Meanwhile, all three successfully weathered the pandemic and are poised for solid gains as economic growth rebounds.

Pembina offers growth and income

Most of Pembina’s pipelines operate under long-term contracts. That helps lower the company’s risk in today’s uncertain economy. Meanwhile, Pembina’s investors tap a high, sustainable yield. That adds to the stock’s appeal and also supports its share price.
PEMBINA PIPELINE, $44.97, is a buy. The company (Toronto symbol PPL;… Read More

New projects will spur their dividends

These pipeline operators get most of their cash flow from regulated businesses. Plans to expand those operations should give them more room to raise dividends in 2023.
TC ENERGY CORP. $55 is a buy. The company (Toronto symbol TRP; Income-Growth Payer Portfolio, Utilities sector; Shares outstanding: 1.0 billion;… Read More

Deal sets up Pembina for more gains

Pembina Pipeline recently put its natural gas-processing facilities in Western Canada into a new joint venture with private equity firm KKR. It will use cash it received through the deal to pay down debt and buy back shares. That should push up the stock. At… Read More

Pembina hikes its dividend

PEMBINA PIPELINE, $46.38, is a buy. The company (Toronto symbol PPL; Shares outstanding: 554.3 million; Market cap: $26.1 billion; TSINetwork Rating: Average; Dividend yield: 5.4%; www.pembina.com) operates pipelines that carry half of Alberta’s conventional oil and almost all of B.C.’s oil. Investors also gain exposure to the company’s facilities… Read More

Enjoy a 5.5% yield from TC Energy Inc.

Enjoy a 5.5% yield from TC Energy Inc.

This company’s future remains bright despite U.S. President Joe Biden’s decision last year to cancel its controversial Keystone XL pipeline project. That was a setback, but the pipeline operator continues to work on other key projects to further boost its cash flow and meet its… Read More