Hi, Pat: In my RRSP, I have four small positions that I would like to condense into one full or two half-positions: Crescent Point Energy, Newell Rubbermaid, Kinder Morgan Energy Partners L.P. and Pfizer. What would you sell of these?
Crescent Point Energy, $35.01, symbol CPG on Toronto, is a buy in Canadian Wealth Advisor for the Resources segment of a portfolio.
Newell Rubbermaid, $32.87, symbol NWL on New York, is our #1 buy for 2014 in Wall Street Stock Forecaster.
Pfizer, $28.46, symbol PFE on New York, is a Best Buy in our Wall Street Stock Forecaster.
Pipeline operator Kinder Morgan Inc., $34.50, symbol KMI on New York (Shares outstanding: 1.0 billion; Market cap: $34.5 billion; www.kindermorgan.com), is not one of our recommendations.
It was formed in 2006 to acquire the common stock of Kinder Morgan Kansas. It made its first public stock offering in February 2011 near $30, rose to $32, then dropped to $24 by late summer of that year. It recovered to $40 by spring 2012 and has since stayed between $32 and $42, significantly underperforming the market. The company and its related affiliates constitute the biggest transporter of petroleum products, natural gas and carbon dioxide.
The company now plans to…
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