RE:RBC 2023 Recession - Banks & Investors - Dumping - IMOI don't think you can throw these companies into the same bucket. Fortis and Emera are long time staples in the Utility Sector and TC and Enbridge are transporters of commodities. These companies have provided amazing returns in the form form of rising dividends and by ectension share prices if you are in for the long term. In a recession, people still need power that is the bottom line. Higher interest rates affect these companies, but historically rates are still low. These companies have outperformed the banks this year.
The other companies you identify are pure energy plays based on commodity prices. RBC thinks there will be a recession next year, and BMO thinks something else. If you take a look at Birchcliff for example, read their last report in May. They will be debt free in the last quarter this year with close to 300 mil in cash and several dividend increases in the works. With no debt and a sustsainable .80 dividend at $3 Nat gas, I am buying more everytime there is a dip. This company will most likely be taken out or go private at a hefty price. With every company management is the most important factor and this management team is on a mission. Good luck!