When our clients first became shareholders of South Bow (SOBO) on September 25, 2024, it wasn’t by choice. The new company was a spinoff from TC Energy. To be frank, we weren’t expecting much. Expanding SOBO’s Keystone pipeline had been a political football for years. The Bush administration started the process. When the application was […]
It’s not often that a stock jumps almost 7% in a single day because of an analyst upgrade. Nevertheless, that’s what happened on October 1 when Desjardins published a note about Algonquin Power & Utilities (“AQN”). “We are upgrading AQN to ‘Buy’ from ‘Hold,’ largely due to compelling valuation following recent weakness, strong management, and […]
Mutual funds are marketed as safe and simple. But in reality, they often accompany hidden costs and conflicts of interest. We recently reviewed a portfolio managed by another institution. The Management Expense Ratio (“MER”), which is the total cost of owning a mutual fund and is embedded in its price, was much higher than its […]
