The hot muggy afternoons are here in mid July on the Atlantic Coast with ACs running adding to my power bill but one needs comfort.
On the subject of Power ... Emera, EMA.TO has an ex-dividend date of July 31st with an expected Board announcement of a dividend increase for October. Increases have been around the 1% range since they announced their current lower dividend growth policy with more emphasis on earnings per share.
In Canada, power and energy headlines have been focused in Alberta for this month, mainly for future builds. Stocks I own, Capital Power, CPX.TO and Pembina Pipeline, PPL.TO have come up several times in the news articles.
Meta (thinking Facebook) is building a 13 billion dollar data centre in Alberta and Canadian provinces are looking for data centre builders arranging their power and cooling sources in advance. Pembina Pipeline and Stanley Morgan are building a power plant adjacent to Meta's planned build site. Capital Power is also involved in supplying power from their grid in 2028 with a long term contract.
Pembina Pipeline is involved with a 10% stake in an Alberta/Federal Government plan to run a pipeline from Alberta to the BC using a southern route with a future option to buy more of a percentage of that project.
Interesting is Enbridge being a popular stock among individual investors and a huge pipeline owner, recently added that Canada needs to concentrate more on additional oil production to meet future export demand. I'll be focusing on ENB.TO and Fortis, FTS.TO in August.
Personally, I like to see companies I have stock in mentioned in the future energy and economic plans announced by PM Carney and the Federal Government. Pembina Pipeline have a smart management in building up the company to this point. Hopefully, they won't take on too much debt, in turn rethinking their dividend policy but I have faith.
Overall, the stock market is in a Bull run with Canada outperforming the US for now, raising concerns about an eventual dip which will hopefully be short term again but many watch the moves of President Trump, buying the lower price dips with his political and policy moves while looking for gains. That will no doubt continue while he is in power. Just my opinions with this post as always, not investment advise.
Meanwhile, I'm sizing up my bank related ETFs while they are also getting more expensive although I'm not complaining about the gains with ZWB.TO and RCDC.TO, having additional dividend paying companies in the holdings. I've held and further bought RCDC since it launched, mentioned several times in my blog.
On this date, the US and Iran are back into conflict seeking another resolution while the US is looking to control shipping traffic and tolls in the Strait of Hormuz. Many predicted the thinly threaded ceasefire and peace talks wouldn't hold. The price of oil has come up in turn with countries looking to restock their oil reserves which brings Canada's energy resources back into focus.
