- Enbridge Inc. (ENB)
- Canadian Natural Resources Limited (CNQ)
- Algonquin Power & Utilities Corp. (AQN)
Q: I know it's not exactly apples to apples, but would you view a swap from AQN to CNQ is a likely net positive 1/5/10 years out? This is for the 'stable' part of my portfolio - some growth but dividends and overall steadiness. Could also consider ENB or FTS (already own BIP). . Thanks in advance. - Jeff
5i Research Answer:
We would be quite fine with a AQN to CNQ swap. If one wanted to stay in utilities similar to AQN, then AQN to FTS makes sense and we do like FTS much better.