Credit Suisse Credit Suisse analyst Andrew Kuske reported his top investment picks in the yield-heavy energy infrastructure sector,
“We start with the three sub-sectors to categorize top picks: (a) Energy Infrastructure with a large cap preference for TC Energy Corp. [5.9 per cent forward yield] and a small cap focus on Tidewater Midstream & Infrastructure Ltd. [3.2 per cent ] (b) Power & Renewables highlights Brookfield Renewable Partners LP [3.7 per cent] and Northland Power Inc. [3.2 per cent] in the pure renewables and TransAlta Corp [1.5 per cent] as a transition stock; and, (c) Utilities: we focus on the letter “A” with ATCO Ltd. [4.4 per cent] and AltaGas Ltd. [4.3 per cent] as unique value oriented hybrid stocks with re-rating potential (new and continuing, respectively). Worth mentioning as a name to watch is the Brookfield Asset Management’s [0.9 per cent] continued evolution with the acceleration of developments, monetizations and fund raising cycles.”