Q: Good afternoon,
The Globe and Mail reported that the Trans Mountain pipeline is scheduled to start in Feb 25.
Although the news of the opening is already baked into the market, are there any undervalued energy stocks that you could recommend as a good addition to the energy sector of a well diversified portfolio that may well benefit from the opening of the Trans Mountain pipeline in the next few years?
Tank you and I'll await your recommendations.
The Globe and Mail reported that the Trans Mountain pipeline is scheduled to start in Feb 25.
Although the news of the opening is already baked into the market, are there any undervalued energy stocks that you could recommend as a good addition to the energy sector of a well diversified portfolio that may well benefit from the opening of the Trans Mountain pipeline in the next few years?
Tank you and I'll await your recommendations.
5i Research Answer:
CVE, CNQ and MEG should see some benefit from the expansion. Valuations on all (and in fact the whole sector) are quite reasonable right now.