Towards the end of last month, I put a poll on my twitter feed. The results are as per the graphic below. This is a snapshot of my tweet .
As per the graphic, 159 voted in the poll that was conducted over a 72 hour period.
The winner was Canadian National Railway, or CN Rail.
CN Rail
CN Rail trades under the ticker symbol CNR on the Toronto Stock Exchange and CNI on the New York Strong Exchange. CN Rail is headquartered in Canada. It is often said to be the best Class 1 railroad in North America. CN Rail serves 3 coasts. These 3 coasts are the west coast and east coast of Canada, and the Gulf Coast of the United States.
The railroads have a huge barrier to entry due to the costs involved to start a railway and other things like land acquisition.
Brookfield Renewables
Brookfield Renewables Partners LP trade on the Toronto Stock Exchange under the ticker symbol BEP.UN. The company also trades on the New York Stock Exchange under the ticker symbol BEP. This company is the biggest player in the renewable energy space. Climate Change is believed to be the biggest challenge of our time.
Some of the other players in this space in Canada have done very well as of last. These companies are Transalta Renewables (RNW.TO) and New Flyer Group (NFI.TO). New Flyer Group is actually a bus manufacturer. As more and more municipalities have ordered buses to replace the existing fleets, they are ordering electric buses instead of diesel buses. In some cases, the buses could be recharged through wind power or solar power.
Royal Bank Of Canada
Royal Bank is biggest of the big 5 banks. The stock trades on both Toronto Stock Exchange and New York Stock Exchange under the ticker symbol RY. Over the last couple of years, Royal Bank has reported on average net income around $3 billion per quarter. Royal Bank is Canada's biggest bank by market capitalization.
TD Bank Group
The TD Bank Group consists of Toronto Dominion Bank and its subsidiaries. This company is headquartered in Canada and has a big presence in the United States. TD Bank Group trades on both the Toronto Stock Exchange and New York Stock Exchange under the ticker symbol TD.
Conclusion
My first choice would be CN Rail. With the large moat and the importance of this railway to both Canada and the United States. CN Rail is the only railway that serves the Port Of Halifax on the east side of Canada and Port of Prince Rupert on the west coast of Canada. CN Rail's biggest shareholder is Bill Gates, who we all know as the former CEO and co-founder of Microsoft.
Disclosure: Long CNR, TD, RY, BEP.UN
DISCLAIMER
I
am not a financial planner, financial advisor, accountant or tax
attorney. The information on this blog represents my own thoughts and
opinions and should NOT be taken as investment or business advice.
Every individual should do their due diligence to make their own financial decisions based on their financial situation and tolerance for risk.
Every individual should do their due diligence to make their own financial decisions based on their financial situation and tolerance for risk.
got to love the list. All great companies but cnr is my #1. We will see pretty quickly how bad this shut down will be for the economy. Hopefully things change quickly.
ReplyDeletecheers!
Passivecanadian,
DeleteEast of Ontario are going to feel the effects of this shutdown real soon if it continues for a couple more days.
The rail stocks have not been effected yet. CN earnings is going to be effected big time due to the blockade. Never heard much about CP Rail as of this time, but I imagine they are going to be effected.
Owning CNR definitely makes it easier to sleep at night due to its wide moat and the importance of it to the economy.