High-yield pipeline stocks: 1 buy & 1 hold

TransCanada and Enbridge continue to work on several major expansion projects. However, each company has already secured long-term commitments from oil and gas producers. That customer support helps cut the risk for these projects. While the new operations should spur dividend growth for both companies,… Read More

Specta purchase adds risk

ENBRIDGE INC. $52.00 (Toronto symbol ENB; Shares outstanding: 1.6 billion; Market cap: $85.2 billion; TSINetwork Rating: Above Average; Dividend yield: 4.7%; www.enbridge. com) completed its all-stock purchase of Spectra Energy in February 2017. That firm operates crude oil and natural gas pipelines in the U.S…. Read More

Merger spurs Enbridge dividend

ENBRIDGE INC. $57 (Toronto symbol ENB; Conservative Growth and Income Portfolios, Utilities sector; Shares outstanding: 1.6 billion; Market cap: $91.2 billion; Price-to-sales ratio: 2.7; Dividend yield: 4.3%; TSINetwork Rating: Above Average; www.enbridge.com) operates pipelines that pump oil and natural gas from Western Canada to eastern… Read More

Pat: This month, Parkland Fuel agreed to buy some of Imperial Oil’s remaining Esso stations. Would you share your opinion on Parkland? Thank you.

Parkland Fuel Corp., $21.35, symbol PKI on Toronto (Shares outstanding: 94.1 million; Market cap: $2.0 billion, www.parkland.ca), operates gas stations, convenience stores and a fuel-distribution business, mostly in Western Canada and Ontario. It was called Parkland Income Fund before it converted to a dividend-paying corporation… Read More

ROYAL BANK OF CANADA $75

ROYAL BANK OF CANADA $75 (www.rbc.com) earned $9.9 billion in its 2015 fiscal year, which ended October 31, 2015, up 8.6% from $9.1 billion in fiscal 2014. Earnings per share gained 9.4%, to $6.66 from $6.09, on fewer shares outstanding. Strong gains at its retail… Read More

Pat: I bought a few shares of Parkland Fuel in my RRSP back in 2009. It has given me a solid return. What is your recommendation on this stock going forward? Thanks.

Parkland Fuel Corp., $26.35, symbol PKI on Toronto (Shares outstanding: 82.6 million; Market cap: $2.2 billion, www.parkland.ca), operates gas stations, convenience stores and a fuel-distribution business, mostly in Western Canada and Ontario. It was called Parkland Income Fund before it converted to a dividend-paying corporation… Read More