Topic: How To Invest

What is Pat’s commentary for the week of July 3, 2019

Article Excerpt

The lack of new pipeline capacity in Canada and parts of the U.S. continue to force oil producers to transport more of their crude by rail. The situation is likely to continue for some time, as both Enbridge and TC Energy (formerly TransCanada) face strong legal and environmental opposition to their proposed new pipelines. While the federal government aims to go ahead with the TransMountain pipeline expansion project, development won’t likely begin before late this year. For this special report, we take a closer look at four stocks: two are long-time favourites of ours; and the other two—a recent spinoff and its former parent—were featured in our Spinoffs, Takeovers and Special Situations newsletter. Three of the companies will continue to benefit directly from rising crude-by-rail volumes, while the fourth taps growing demand for shipments by barge. TRINITY INDUSTRIES INC. $19.79 (New York symbol TRN; Shares outstanding: 129.8 million; Market cap: $2.6 billion; www.trin.net) is a leading maker of tank and freight railcars and…

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