Topic: How To Invest

The Successful Investor Hotline – Friday, March 12, 2021

Article Excerpt

CANADIAN PACIFIC RAILWAY LTD., $465.29, Toronto symbol CP, is our #1 Conservative Buy for 2021. Through their shares, investors tap a company shipping freight over a 22,000-kilometre rail network between Montreal and Vancouver. It also links to hubs in the U.S. Midwest and Northeast. As part of a plan to reduce greenhouse gas emissions, CP will retrofit one of its diesel-powered locomotives with hydrogen fuel cells and batteries. Ballard Power Systems Inc. (Toronto symbol BLDP) will supply those products. A fuel cell is a device that combines hydrogen and oxygen (from the air), to produce electrical power without combustion. The hydrogen is often derived from a fuel such as natural gas, propane or methanol. Alternatively, it can be obtained from the electrolysis of water, stored hydrogen or a hydrogen pipeline. Using these cells to generate electricity originated with the NASA space program. If this test is successful, CP will probably upgrade more of its locomotives with this technology. CP Rail is your #1 Conservative…