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Emera Inc T.EMA

Alternate Symbol(s):  EMRAF | T.EMA.PR.A | EMRPF | T.EMA.PR.B | T.EMA.PR.C | ERRAF | T.EMA.PR.E | T.EMA.PR.F | EMICF | T.EMA.PR.H | T.EMA.PR.J | EMRJF | T.EMA.PR.L

Utilities Utilities - Diversified
Emera Incorporated is a geographically diverse energy and services company. It invests in regulated electricity generation and electricity and gas transmission and distribution, with a strategic focus on transformation from high carbon to low carbon energy sources. Its segments include Florida Electric Utility, Canadian Electric Utilities, Gas Utilities and Infrastructure, Other Electric Utilities, and Other. Florida Electric Utility consists of Tampa Electric, a vertically integrated regulated electric utility in West Central Florida. Canadian Electric Utilities includes Nova Scotia Power Inc., a vertically integrated regulated electric utility and the electricity supplier in Nova Scotia, and a 100 % equity interest in NSP Maritime Link Inc. Gas Utilities and Infrastructure includes Peoples Gas System, Inc., New Mexico Gas Company, Inc., Emera Brunswick Pipeline Company Limited, SeaCoast Gas Transmission, LLC and a 12.9 % equity interest in Maritimes & Northeast Pipeline.


TSX:EMA - Post by User

Emera Inc
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Post by TimeBuilderon Sep 30, 2022 2:49pm
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Post# 34998235

FYI= USD comments

FYI= USD comments

Canada's Midstream Energy Companies. Utilities, Poised to Benefit from US Dollar Strength

9/29/2022 (MT News12:20 PM EDT, 09/2wires) -- BMO Capital Markets on Monday said Canada's energy infrastructure companies are poised to benefit from the rise in the value of the US dollar.

"The U.S. dollar's strength has turned into an earnings and FCF/sh tailwind for the Cdn. Energy Infrastructure sector," analyst Ben Pham noted. "Over the last few years, it has more or less been a translation headwind partially offsetting energy infrastructure expansion growth. The U.S. dollar has benefited from its safe haven status and the Fed's aggressive tightening cycle, pushing the USD/CAD to 1.37 (~8% YTD) with expectations towards 1.40 in the near-term. EMA, ALA, ENB, TRP, and FTS are the most sensitive to upward estimate revisions (range of +4-12%) given their high proportion of earnings generated in the US (we are currently modelling 1.25 USD/CAD). This should partially offset the negative valuation impact from rising interest rates that we flagged last week in our 2024 roll-forward report."


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