Fund manager Ryan Bushell of Newhaven Asset Management tells In the Money with Amber Kanwar the 3 stocks he’s buying right now to hold for the next 30 to 40 years.
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1. Pembina Pipeline (PPL.TO)
Compelling reason: Undervalued, volume-driven midstream operator with optional upside from a potential hyperscaler partnership.
- Shares have underperformed peers like Enbridge and TC Energy as passive flows favored larger index names and investors discounted Pembina’s longer-dated growth projects.
- The Greenlight Energy Complex, rumored to involve a hyperscaler such as Meta, represents a call option on Alberta’s emerging data infrastructure—a potential catalyst but not part of the base thesis.
- Core thesis remains volume-driven: Pembina earns tolls on rising Western Canadian gas throughput, is building a floating LNG facility with First Nations partners, and benefits directly from structural export growth.
2. ARC Resources (ARX.TO)
Positioned for a rerating as a new floor under North American gas prices emerges from LNG exports.
- LNG Canada improves Western Canadian benchmark stability, giving ARC greater cash flow visibility after years of volatile, discounted gas pricing.
- U.S. associated gas supply is flattening just as LNG export capacity doubles—tightening balances and creating a favorable setup for gas-levered producers.
- Temporary operational issues obscure a fundamentally strong, liquids-rich asset base and capable operations team—offering a quality entry point in an out-of-favor name.
3. Brookfield Infrastructure Partners (BIP.UN-TSX)
High-quality global infrastructure exposure at a discount through the LP units, with steady income and embedded optionality.
- Distributes roughly 5% yield backed by long-lived, contracted assets across utilities, midstream, transport, and data infrastructure.
- The LP units (BIP.UN) trade at a notable discount to the economically equivalent corporate shares (BIPC), offering mispriced value for investors using registered accounts.
- Backed by Brookfield’s global deal pipeline and asset-rotation discipline—buying, improving, and monetizing assets to compound NAV over time.
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