Our Holdings

The Williams Companies, Inc. (NYSE: WMB) is a strong long-term investment opportunity due to its dominant position in the U.S. midstream natural gas sector, consistent cash flow generation, and strategic infrastructure assets. The company’s stable and growing dividend, essential role in energy infrastructure, and alignment with the ongoing energy transition further reinforce its attractiveness.

Alibaba Group (NYSE: BABA) is significantly undervalued relative to its global technology and e- commerce peers. Despite its dominant market position, strong free cash flow generation, and resilient business model, Alibaba trades at a steep discount due to market sentiment, regulatory overhangs, and macroeconomic concerns about China. However, recent developments, including regulatory easing, corporate restructuring, and growth in cloud computing and international expansion, position Alibaba for a strong re-rating. Given its deeply discounted valuation and stable revenue model, a long position in BABA offers an asymmetric risk-reward opportunity

AltaGas stands out as a robust investment opportunity, particularly in the context of a recession-prone economy. As a diversified energy infrastructure company, it is well-positioned in the essential utilities and midstream sectors, offering resilience against economic downturns. The company's strong financial outlook for 2024, characterized by expected growth in earnings per share and EBITDA, underscores its stability and potential for continued expansion. Furthermore, AltaGas's commitment to sustainability and strategic initiatives in risk management, including long-term tolling contracts and effective hedging strategies, aligns with the increasing emphasis on responsible and future-proof investments. These factors, combined with the recent dividend increase, reflect AltaGas's confidence in its financial health and its dedication to delivering shareholder value, making it an attractive option for long-term investment.

Gold bullion is an essential long-term investment option to diversify the portfolio. Gold is renowned for its ability to maintain its price while stock, bonds, and real estate value drops. With an uncertain market outlook and the possibility of a recession, this investment is an unbeatable safe-haven asset.

Dollarama (TSE: DOL) is one of the strongest retail investments in a high-inflation, slowing economic environment. As cost-of-living pressures push consumers toward value retailers, Dollarama benefits from increased foot traffic, market share gains, and resilient profit margins. The company’s low-cost operating model, aggressive store expansion, and ability to pass through inflationary costs position it as a defensive, high-growth retail stock. Despite broader market challenges, Dollarama continues to outperform due to counter-cyclical demand, strong earnings momentum, and consistent same-store sales growth. Given its defensive positioning, robust free cash flow, and long-term expansion strategy, Dollarama remains a compelling long investment opportunity in 2024.

Loblaw Companies Limited is a compelling long-term investment option. Its dominant position in the Canadian retail market, proven recession resilience, and strategic initiatives place it in a unique position to sustain growth and profitability.