KEY, RSI ENB, and TC

Ayonde,

KEY and ENB are both pipelines and their dividends are both attractive end well covered. While sensitive to oil prices, they are less so than producers and we like midstream companies. I personally hold ENB and have zero intentions of selling it.

In terms of RSI, it really doesn't do much for me. Sure it might pay a nice dividend, but it accounts for 190% of earnings and 112% of cash flows. That doesn't look like a dividend that is well covered. Not only that, it has been highly inconsistent in terms of performance.

Tucows - i find expensive here. Not a bad company, but it is trading at 144 times earnings and is trading at a premium to its five year averages across the board (P/E, P/B, P/S, EV/EBITDA). It is also a company that has had flat top line growth since 2017 and it is expected to be much of the same this year. Given this, i'd be careful here and look to average in at these prices.

Mat