Motley Fool recommended a safe pipeline Inter Pipeline for Canadians. IPL.TO. 8% dividend, but it just got cut in half the stock value that is!!! My guess is because 80% of its business is with the Alberta oil sands and they are in danger of collapsing. So what was “safe” 4 weeks ago is no more.
Keep in mind multiples were insanely high and now Democrats and the media are hell bent talking the economy into recession and dodo bird Americans are helping the freak on.
There will be value but this has a long way to drop unfortunately.
I would stay away from anything Alberta oil sands related for now. I have been in that business for a long time. Alberta is moving to implement lots of restrictions and the break even point for tar sands is already high.
I am watching airline stocks. Forbes had an article today about United’s performance from the swine flu. Even though many Freepers despise air travel, it will always be in strong demand, and will bounce back quickly.