They’re energy companies and both are featured just now by
Guru Focus in
an article by Monica Wolfe. She says both companies meet the requirements of a
GuruFocus dividend grower.
SE (Spectra Energy) has 19,000 miles of transmission
pipelines in the U.S. and Canada. It has declared 25 dividends since the
company was incorporated in 2006, even though its revenue tanked that year and
into 2007.
PAA
(Plans All American Pipeline) has 17,400 miles of pipeline. Its revenue
boomed in 2008, fell in 2009, and it has moved much higher in the last three
years. Its share price has been on the rise since the market lows of 2008-2009.
My
5-year Yahoo chart for SE shows an up trend since suffering a collapse in
2008 into 2009, interrupted by sideways action in 2011 but lots of brief buying
opportunities.
My
3-month chart for SE shows a significant buying opportunity late in May
2013 and suggests a more sustainable up trend since mid-June.
My
5-year Yahoo chart for PAA shows
an encouraging up trend since the deep market low of 2009, interrupted by
sideways action in 2012-2013 but with lots of brief buying opportunities along
the way.
My
3-month chart suggests PAA may still be in a good time for acquisition.
A
consensus of Yahoo’s stock analysts identifies both SE and PAA as strong
buys.
Never
forget this: All investments and savings are gambles on the unknowable future
and thus subject to loss.
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