No. of Recommendations: 3
Need pipeline companies.

I like ERF, but the chart is too ragged and I have doubts that the price of oil will be much sustained above 100 dollars a barrel. (We haven't fracked the whole world yet.)

However, we will ship the stuff, the cheapest way to do it is in a pipe.


ERF's major problem is not oil, that part could easily be fixed with a pipeline to tidewater. They still produce a lot of Nat gas and that could really use higher prices. Not a lot different than a few of my other guys that do both oil and gas such as PennWest.

I currently own TRP that does a lot more than just pipes though that is their heritage. I also own Altagas that is a polyenergy fellow including the only existing Nat gas pipeline to the west coast, don't know if they have a US listing. Another one I really like (since you mention it) is a fracker called (how cool is that?), actually it is Canyon Services that I think I mentioned when I bought it 15 Nov.

Enbridge is the flavour of the year pipeline guy but I think it is over priced... probably for that very reason.

I'm sure you have noticed that none of those is US, that is deliberate as I don't like having the IRS hold onto part of my dividends held in a tax free account.

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