1. Enbridge's fixed rate perpetual preferred shares are a 'hold' due to their lower yields compared to resettable preferred shares and common stock. 2. Enbridge's distributable cash flow is strong, covering preferred dividends with less than 4% of DCF, ensuring dividend security for preferred shareholders. 3. Series A preferred shares, yielding approximately 6%, are less attractive than common stock and Series 3 preferred shares, which offer higher returns.

1. Second level thinking is essential for outperforming the market by identifying insights not yet priced in. 2. The AI boom and European energy shifts create opportunities in the US energy sector, particularly natural gas. 3. The Energy Select Sector SPDR Fund (XLE) offers diversified exposure to the energy sector with strong financial stability, acting as an inflation hedge with reasonable valuation and low transaction costs.

1. Cameco Corporation benefits from reduced uranium production guidance in Kazakhstan, signaling potential supply shortages. 2. The company's strong assets, strategic partnerships, and solid financials position it well for growing global nuclear energy demand. 3. Despite high valuation, expected earnings growth and geopolitical tensions support a bullish long-term outlook for Cameco and the uranium sector.

1. Antero Midstream is a high-yield stock with a 6.3% dividend yield, supported by strategic acquisitions and a strong partnership with Antero Resources. 2. The company's financials are solid, with upcoming buybacks and low leverage, making it attractive for growth and income investors. 3. Despite market volatility, Antero Midstream's operations remain resilient, and it is well-positioned for future growth and increased shareholder returns.

1. Dividend stocks have underperformed the S&P 500 due to AI investments and high-yield bonds. 2. Enterprise Products Partners (EPD) stands out with consistent distribution growth and strong financials. 3. Potential rate cuts could drive capital back to high-yield alternatives, benefiting EPD.

1. SK Innovation and SK E&S held separate board meetings on July 17th and approved a merger plan between the two companies; 2. The merger is seen as a strategic move to strengthen the companies' positions in the digital economy and energy sector; 3. The combined entity is expected to leverage synergies and expand its global network.