At 1 p.m. Monday, Ontario utilities and Alberta energy heavyweights and one of the country's biggest pipeliners, TransCanada Corp., will settle in to a 110-seat hearing room in downtown Calgary to air their complaints before the National Energy Board.
A monster British Columbia well just south of the 60th parallel is pumping a tremendous volume of natural gas from a globally significant new play that stands to dramatically boost Canada's gas resources.
That should ease if and when pipeline companies get approval and proceed with projects such as TransCanada Corp.'s Keystone XL and Enbridge Inc.'s proposed reversal of the Line 9 pipeline in Ontario to extend the market for domestic crude.
Encana Corp. has frustrated investors on three fronts: its natural gas strategy, its weakening balance sheet, and its recent decision to add millions to its capital spending budget despite shaky commodity prices.
Use Canadian dividend growers for the stock part, plus a sprinkling of real estate investment trusts and income trusts. Use a mix of mostly corporate bonds for the bond component, plus some government and high-yield bonds.