Pipelines and Energy in Focus for June, 2026

 

It's been a comfortable spring with some cool and rain days. With wild fires always a threat this time of year, more rain days are a good thing. 

The recent Big Bank earning reports were no surprise and upbeat. Notable to me was the Bank of Nova Scotia, BNS.TO buying into banks and investment firms in the US. Scotiabank gained over 52% in the last year and increased their dividend by 4% with the next ex-dividend date occurring on July 7th, 2026.

Unusual and unexpected (in a good way) is the higher increase in price of a covered-call Canadian Bank ETF I hold. BMO's ZWB has a current increase of 15% over the last 6 months, 41% in the last year. The distribution cash increased as well but that could change where covered-call ETFs tend to roll with Market ups and downs.

In focus for June is pipelines and energy related with my portfolio highlighted more these days as Canada is looked at as a trustworthy source of oil and natural gas with the Iran/US conflict continuing and the daily news about an on and then off possible resolution.

 A natural gas storage company I've been watching released it's 1st quarter report for 2026 with a majority stake holder being Brookfield and it's trillion dollars worth of assets. The gas goes through high and low demands during a year and during less demand, additional storage of the gas is needed.

Rockpoint Gas Storage, RGSI.TO is based in Alberta but also has storage facilities south of the border with California being the state highlighted. Expansion of  Warwick Gas and Battery Storage projects are ongoing. With investors, Rockwell is buying back stock and has a target of a 3 to 5% dividend increase going forward while increasing it's current dividend by 5% with an ex-dividend date of June 15th, 2026.

Personally, I believe it's an interesting company and provides a needed service for the natural gas producers which use it's storage facilitates. I'll see where it takes me with regards to earnings and income.

With the Globe and Mail, I read the monthly updates and insights from CIBC's Sid Mokhtari, Chief Marketing Technician who has a record of beating the TSX index. No doubt highly paid for his position and results so I take notice.

For June, utilities are more in focus but the pipeline and energy producer, Keyera, KEY.TO is a carryover over from May where he adjusts his portfolio by using his specific metrics.

KEY has been in the headlines making more acquisitions and a recent agreement with CNR to build a railway hub for more accessible transporting of their resources. Where I hold the stock, I'll grow my position there.

I rarely sell a stock unless the comparable price performance in that sector or general market is not performing as expected over time and/or the current dividend payout is in question.

In the second half of June, I'll be looking at more energy and pipeline stocks such as South Bow Corp., SOBO.TO and Gibson Energy, GEI.TO, perhaps a new addition to the portfolio. Capital Power, CPX.TO based in Alberta, is also on my radar in the last of week of June with my ex-dividend calendar.

I got interested in the Morningstar Canada Indexes and the stocks I hold are ranked within as a guide and reference. A great resource to look over for ideas as mentioned below. The higher the Star rating... the more undervalued a stock is within their ranking system with Brookfield Infrastructure Partners, BIPC ranked with 5 stars in their Top Performing Canada Dividend Stocks list for May and a June stock pick by Sid Mokhtari mentioned above but with the ticker BIP.UN  

The Best Dividend Stock Leaders: More Ideas to Consider

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• Use our Morningstar Stock Screener tool to find the best dividend stocks according to your specific criteria. You can search for stocks based on their dividend yields, valuation measures like price/earnings ratios, and more.
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