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Basic overview

Companhia Energetica de Minas Gerais, through its subsidiaries, engages in the generation, transformation, transmission, distribution, and sale of electric energy primarily in Minas Gerais, Brazil. As of December 31, 2010, the company generated electricity at 59 hydroelectric plants, 3 thermoelectric plants, and 4 wind farms; had a total installed capacity of 6,909 megawatts; owned and operated 3,085 miles of transmission lines; and owned and operated 292,682 miles of distribution lines, through which it supplied electricity to approximately 7.1 million end-consumers. It also distributes natural gas; provides telecommunication services through its fiber-optics and coaxial cable network; and engages in the national and international consulting business that provides energy solutions to industrial, service, and commercial sector companies. The company was founded in 1952 and is headquartered in Belo Horizonte, Brazil. Source: Company profile, Yahoo Finance

Reasons to be bullish on Companhia Energetica de Minas Gerais:

  • It has a good free cash flow yield of roughly 10%
  • It has a good long-term debt to total capital ratio of 0.44.
  • It has a strong free cash flow of $1.15 billion.
  • Net income has soared from $752 million in 2008 to $1.3 billion in 2010.
  • EBITDA has also been trending up for the past three years
  • Cash flow in jumped from $1.92 in 2009 to $2.74 per share in 2010.
  • A decent quarterly revenue growth rate of 10%
  • It has a strong 5 year dividend growth rate in excess of 12%
  • It has a strong total 3 year returns of 140%
  • A very low 5 year average payout ratio of 29%
  • A good Five-year average ROE of 18.88%
  • A decent current and quick ratio of 1.19 and 1.26 respectively
  • It is one of the largest integrated electric utility's players in Brazil and as such is well positioned to benefit from the economic recovery in Brazil.
  • It is also strategically positioned as it is located near many industrial customers in the south and south east of Brazil. Their aggressive expansion plans mean that they will be able to meet their customers' needs as they increase. Electricity demand is projected to increase over the next few years due continual economic growth in the country.
  • It is also investing in other countries. It is working with ALUSA in Chile to explore a 20 year concession of Nueva Temuco. Management states this is a long term play, and generation is projected to increase from 30Twh in 2005 to 239 TWh in 2035 giving the company a market share of slightly under 20%.
  • 3rd quarter result highlights.
  • Net income dropped slightly to $403 million a decrease of 0.37%.
  • Net Revenue increased by 11% Y-O-Y to $2.48 billion; this was primarily driving by higher electric costs.
  • Residential sales grew by 6.45% Y-O-Y and industrial sales by 2.75%. Rural consumption jumped by 8.99%, and commercial's consumption grew 11.77%
  • 100K invested for 10 years would have grown to $756K.

Company: Cemig Sa-Adr (NYSE:CIG)

Free Cash Flow = $1.15 billion

Basic Key ratios

Percentage Held by Insiders = N/A

Market Cap ($mil) = 16057

Number of Institutional Sellers 12 Weeks = N/A

3 Month % Chg Short Interest = n/a

Growth

Net Income ($mil) 12/2011 = N/A

Net Income ($mil) 12/2010 = 1289

Net Income ($mil) 12/2009 = 899

Net income ($mil) 12/2008= 752

12mo Net Incm this Q/ 12mo Net Incm 4Q's ago = N/A

Q Net Incm this Q/ same qtr yr ago = N/A

EBITDA ($mil) 12/2011 = N/A

EBITDA ($mil) 12/2010 = 2122

EBITDA ($mil) 12/2009 = 1670

Net Incm Rpt Qtr ($mil) = N/A

Anl Net Incm this Yr/ Net Incm last Yr = 43.42

Cash Flow ($/sh) 12/2011 = N/A

Cash Flow ($/sh) 12/2010 = 2.74

Cash Flow ($/sh) 12/2009 = 1.92

Div 5yr Growth 12/2011 = N/A

Sales ($mil) 12/2011 = N/A

Sales ($mil) 12/2010 = 7734

Sales ($mil) 12/2009 = 5970

Dividend history

Div Yield = 5.76

Div Yld 5 Yr Avg 12/2011 = N/A

Div Yld 5 Yr Avg 09/2011 = 2.57

Annual Dividend 12/2011 = 0.54

Annual Dividend 12/2010 = 0.4

Forward Yield = 5.76

Div 5yr Growth 12/2011 = N/A

R-squared Div Growth 12/2011 = N/A

R-squared Div Growth 09/2011 = 0.27

Dividend sustainability

Payout Ratio 09/2011 = N/A

Payout Ratio 06/2011 = N/A

Payout Ratio 5 Yr Avg 12/2011 = N/A

Payout Ratio 5 Yr Avg 09/2011 = 0.29

Payout Ratio 5 Yr Avg 06/2011 = 0.29

Change in Payout Ratio = N/A

Performance

% Ch Price 52 Wks Rel to S&P 500 = 28.24

Std Dev Target Price Est = 2.12

Avg EPS Surprise Last 4 Qtr = N/A

EPS % Change F2/F1 = 12.86

Next 3-5 Yr Est EPS Gr rate = 7.64

Std Dev 3-5 Yr Est EPS Gr rate = N/A

EPS Gr Q(1)/Q(-3) = N/A

5 Yr Hist EPS Gr 12/2011 = N/A

5 Yr Hist EPS Gr 09/2011 = N/A

ROE 5 Yr Avg 12/2011 = N/A

ROE 5 Yr Avg 09/2011 = 18.88

ROE 5 Yr Avg 06/2011 = 18.34

Return on Investment 12/2011 = N/A

Return on Investment 09/2011 = N/A

Return on Investment 06/2011 = N/A

Debt/Tot Cap 5 Yr Avg 12/2011 = N/A

Debt/Tot Cap 5 Yr Avg 09/2011 = 42.77

Debt/Tot Cap 5 Yr Avg 06/2011 = 42.69

Current Ratio 12/2011 = N/A

Current Ratio 09/2011 = N/A

Current Ratio 06/2011 = 1.19

Curr Ratio 5 Yr Avg = 1.36

Quick Ratio = 1.26

Cash Ratio = 0.9

Interest Coverage 12/2011 = N/A

Interest Coverage 09/2011 = N/A

Interest Coverage 06/2011 = N/A

Valuation

Book Value Qtr ($/sh) 12/2011 = N/A

Book Value Qtr ($/sh) 09/2011 = N/A

Book Value Qtr ($/sh) 06/2011 = 11.86

Anl EPS before NRI 12/2007 = 1.22

Anl EPS before NRI 12/2008 = 1.38

Anl EPS before NRI 12/2009 = 1.53

Anl EPS before NRI 12/2010 = 2.05

Anl EPS before NRI 12/2011 = N/A

Price/ Book = 1.98

Price/ Cash Flow = 8.59

Price/ Sales = N/A

EV/EBITDA 12 Mo = N/A

P/E/G F1 = 1.57

Q1 Std Dev/ Consensus = N/A

R-squared EPS Growth 12/2011 = N/A

R-squared EPS Growth 09/2011 = N/A

P/E F1/ LT EPS Gr = 1.57

Std Dev Cons Current Qtr = N/A

Median Est Next Qtr = N/A

# Anlst in Cons Q3 = N/A

Other interesting companies

Company: Exelon Corp (NYSE:EXC)

Levered Free Cash Flow = 1.38B

Basic Key ratios

Percentage Held by Insiders = 0.09

Market Cap ($mil) = 25869

Number of Institutional Sellers 12 Weeks = N/A

3 Month % Chg Short Interest = n/a

Growth

Net Income ($mil) 12/2011 = 2495

Net Income ($mil) 12/2010 = 2563

Net Income ($mil) 12/2009 = 2707

12mo Net Incm this Q/ 12mo Net Incm 4Q's ago = -2.65

Q Net Incm this Q/ same qtr yr ago = 15.65

EBITDA ($mil) 12/2011 = 6982

EBITDA ($mil) 12/2010 = 7981

EBITDA ($mil) 12/2009 = 7751

Net Incm Rpt Qtr ($mil) = 606

Anl Net Incm this Yr/ Net Incm last Yr = -2.65

Cash Flow ($/sh) 12/2011 = 7.64

Cash Flow ($/sh) 12/2010 = 8.42

Cash Flow ($/sh) 12/2009 = 8.07

Div 5yr Growth 12/2011 = N/A

Sales ($mil) 12/2011 = 19184

Sales ($mil) 12/2010 = 18644

Sales ($mil) 12/2009 = 17318

Dividend history

Div Yield = 5.39

Div Yld 5 Yr Avg 12/2011 = N/A

Div Yld 5 Yr Avg 09/2011 = 3.9

Annual Dividend 12/2011 = 2.1

Annual Dividend 12/2010 = 2.1

Forward Yield = 5.39

Div 5yr Growth 12/2011 = N/A

R-squared Div Growth 12/2011 = N/A

R-squared Div Growth 09/2011 = 0.63

Dividend sustainability

Payout Ratio 09/2011 = 0.51

Payout Ratio 06/2011 = 0.49

Payout Ratio 5 Yr Avg 12/2011 = N/A

Payout Ratio 5 Yr Avg 09/2011 = 0.49

Payout Ratio 5 Yr Avg 06/2011 = 0.49

Change in Payout Ratio = 0.01

Performance

% Ch Price 52 Wks Rel to S&P 500 = -10.49

Std Dev Target Price Est = 6.88

Avg EPS Surprise Last 4 Qtr = 3.64

EPS % Change F2/F1 = -3.31

Next 3-5 Yr Est EPS Gr rate = 0

Std Dev 3-5 Yr Est EPS Gr rate = 7.07

EPS Gr Q(1)/Q(-3) = 114.58

5 Yr Hist EPS Gr 12/2011 = N/A

5 Yr Hist EPS Gr 09/2011 = 0.64

ROE 5 Yr Avg 12/2011 = N/A

ROE 5 Yr Avg 09/2011 = 23.45

ROE 5 Yr Avg 06/2011 = 23.6

Return on Investment 12/2011 = N/A

Return on Investment 09/2011 = 10.4

Return on Investment 06/2011 = 10.83

Debt/Tot Cap 5 Yr Avg 12/2011 = N/A

Debt/Tot Cap 5 Yr Avg 09/2011 = 49.81

Debt/Tot Cap 5 Yr Avg 06/2011 = 50.24

Current Ratio 12/2011 = N/A

Current Ratio 09/2011 = 1.1

Current Ratio 06/2011 = 1.26

Curr Ratio 5 Yr Avg = 1.18

Quick Ratio = 0.93

Cash Ratio = 0.4

Interest Coverage 12/2011 = N/A

Interest Coverage 09/2011 = 6.69

Interest Coverage 06/2011 = 5.7

Valuation

Book Value Qtr ($/sh) 12/2011 = N/A

Book Value Qtr ($/sh) 09/2011 = 21.7

Book Value Qtr ($/sh) 06/2011 = 21.67

Anl EPS before NRI 12/2007 = 4.31

Anl EPS before NRI 12/2008 = 4.17

Anl EPS before NRI 12/2009 = 4.12

Anl EPS before NRI 12/2010 = 3.95

Anl EPS before NRI 12/2011 = 4.16

Price/ Book = 1.8

Price/ Cash Flow = 5.1

Price/ Sales = 1.35

EV/EBITDA 12 Mo = 5.3

P/E/G F1 = N/A

Q1 Std Dev/ Consensus = 0.08

R-squared EPS Growth 12/2011 = N/A

R-squared EPS Growth 09/2011 = 0.03

P/E F1/ LT EPS Gr = N/A

Std Dev Cons Current Qtr = 0.06

Median Est Next Qtr = 0.74

# Anlst in Cons Q3 = 7

Company: France Tele-Adr (FTE)

Levered Free Cash Flow = 7.16B

Basic Key ratios

Percentage Held by Insiders = N/A

Market Cap ($mil) = 39862

Number of Institutional Sellers 12 Weeks = N/A

3 Month % Chg Short Interest = n/a

Growth

Net Income ($mil) 12/2011 = 5332

Net Income ($mil) 12/2010 = 5055

Net Income ($mil) 12/2009 = 4834

12mo Net Incm this Q/ 12mo Net Incm 4Q's ago = N/A

Q Net Incm this Q/ same qtr yr ago = N/A

EBITDA ($mil) 12/2011 = 8238

EBITDA ($mil) 12/2010 = 7386

EBITDA ($mil) 12/2009 = 17666

Net Incm Rpt Qtr ($mil) = N/A

Anl Net Incm this Yr/ Net Incm last Yr = 5.47

Cash Flow ($/sh) 12/2011 = 2.01

Cash Flow ($/sh) 12/2010 = 2.57

Cash Flow ($/sh) 12/2009 = 5.71

Div 5yr Growth 12/2011 = N/A

Sales ($mil) 12/2011 = 63062

Sales ($mil) 12/2010 = 60428

Sales ($mil) 12/2009 = 64092

Dividend history

Div Yield = 10.9

Div Yld 5 Yr Avg 12/2011 = N/A

Div Yld 5 Yr Avg 09/2011 = 6.71

Annual Dividend 12/2011 = 1.64

Annual Dividend 12/2010 = 1.48

Forward Yield = 10.9

Div 5yr Growth 12/2011 = N/A

R-squared Div Growth 12/2011 = N/A

R-squared Div Growth 09/2011 = 0.03

Dividend sustainability

Payout Ratio 09/2011 = N/A

Payout Ratio 06/2011 = N/A

Payout Ratio 5 Yr Avg 12/2011 = N/A

Payout Ratio 5 Yr Avg 09/2011 = N/A

Payout Ratio 5 Yr Avg 06/2011 = N/A

Change in Payout Ratio = N/A

Performance

% Ch Price 52 Wks Rel to S&P 500 = -33.48

Std Dev Target Price Est = 0

Avg EPS Surprise Last 4 Qtr = N/A

EPS % Change F2/F1 = -9.54

Next 3-5 Yr Est EPS Gr rate = 2.21

Std Dev 3-5 Yr Est EPS Gr rate = N/A

EPS Gr Q(1)/Q(-3) = N/A

5 Yr Hist EPS Gr 12/2011 = N/A

5 Yr Hist EPS Gr 09/2011 = N/A

ROE 5 Yr Avg 12/2011 = N/A

ROE 5 Yr Avg 09/2011 = N/A

ROE 5 Yr Avg 06/2011 = N/A

Return on Investment 12/2011 = N/A

Return on Investment 09/2011 = N/A

Return on Investment 06/2011 = N/A

Debt/Tot Cap 5 Yr Avg 12/2011 = N/A

Debt/Tot Cap 5 Yr Avg 09/2011 = 4.91

Debt/Tot Cap 5 Yr Avg 06/2011 = 17.22

Current Ratio 12/2011 = N/A

Current Ratio 09/2011 = 0.76

Current Ratio 06/2011 = N/A

Curr Ratio 5 Yr Avg = 0.62

Quick Ratio = 0.73

Cash Ratio = 0.55

Interest Coverage 12/2011 = N/A

Interest Coverage 09/2011 = N/A

Interest Coverage 06/2011 = N/A

Valuation

Book Value Qtr ($/sh) 12/2011 = N/A

Book Value Qtr ($/sh) 09/2011 = 15.56

Book Value Qtr ($/sh) 06/2011 = N/A

Anl EPS before NRI 12/2007 = 3.34

Anl EPS before NRI 12/2008 = 1.94

Anl EPS before NRI 12/2009 = 1.7

Anl EPS before NRI 12/2010 = 2.56

Anl EPS before NRI 12/2011 = N/A

Price/ Book = 0.97

Price/ Cash Flow = 7.48

Price/ Sales = N/A

EV/EBITDA 12 Mo = 3.48

P/E/G F1 = 3.84

Q1 Std Dev/ Consensus = N/A

R-squared EPS Growth 12/2011 = N/A

R-squared EPS Growth 09/2011 = N/A

P/E F1/ LT EPS Gr = 3.84

Std Dev Cons Current Qtr = N/A

Median Est Next Qtr = N/A

# Anlst in Cons Q3 = N/A

Company: Reynolds American (NYSE:RAI)

Levered Free Cash Flow = 1.59B

Basic Key ratios

Percentage Held by Insiders = 0.1

Market Cap ($mil) = 24238

Number of Institutional Sellers 12 Weeks = 2

3 Month % Chg Short Interest = n/a

Growth

Net Income ($mil) 12/2011 = 1406

Net Income ($mil) 12/2010 = 1121

Net Income ($mil) 12/2009 = 955

12mo Net Incm this Q/ 12mo Net Incm 4Q's ago = 19.32

Q Net Incm this Q/ same qtr yr ago = -1.62

EBITDA ($mil) 12/2011 = 2545

EBITDA ($mil) 12/2010 = 2614

EBITDA ($mil) 12/2009 = 1917

Net Incm Rpt Qtr ($mil) = 304

Anl Net Incm this Yr/ Net Incm last Yr = 25.42

Cash Flow ($/sh) 12/2011 = 3.06

Cash Flow ($/sh) 12/2010 = 2.8

Cash Flow ($/sh) 12/2009 = 2.57

Div 5yr Growth 12/2011 = N/A

Sales ($mil) 12/2011 = 8541

Sales ($mil) 12/2010 = 8551

Sales ($mil) 12/2009 = 8419

Dividend history

Div Yield = 5.33

Div Yld 5 Yr Avg 12/2011 = N/A

Div Yld 5 Yr Avg 09/2011 = 6.35

Annual Dividend 12/2011 = 2.15

Annual Dividend 12/2010 = 1.84

Forward Yield = 5.32

Div 5yr Growth 12/2011 = N/A

R-squared Div Growth 12/2011 = N/A

R-squared Div Growth 09/2011 = 0.83

Dividend sustainability

Payout Ratio 09/2011 = 0.84

Payout Ratio 06/2011 = 0.83

Payout Ratio 5 Yr Avg 12/2011 = N/A

Payout Ratio 5 Yr Avg 09/2011 = 0.76

Payout Ratio 5 Yr Avg 06/2011 = 0.75

Change in Payout Ratio = 0.08

Performance

% Ch Price 52 Wks Rel to S&P 500 = 16.44

Std Dev Target Price Est = 5.66

Avg EPS Surprise Last 4 Qtr = -1.01

EPS % Change F2/F1 = 8.94

Next 3-5 Yr Est EPS Gr rate = 6

Std Dev 3-5 Yr Est EPS Gr rate = N/A

EPS Gr Q(1)/Q(-3) = -120

5 Yr Hist EPS Gr 12/2011 = N/A

5 Yr Hist EPS Gr 09/2011 = 4.23

ROE 5 Yr Avg 12/2011 = N/A

ROE 5 Yr Avg 09/2011 = 20.49

ROE 5 Yr Avg 06/2011 = 20.17

Return on Investment 12/2011 = N/A

Return on Investment 09/2011 = 15.88

Return on Investment 06/2011 = 14.88

Debt/Tot Cap 5 Yr Avg 12/2011 = N/A

Debt/Tot Cap 5 Yr Avg 09/2011 = 37.4

Debt/Tot Cap 5 Yr Avg 06/2011 = 37.62

Current Ratio 12/2011 = N/A

Current Ratio 09/2011 = 1.01

Current Ratio 06/2011 = 1.09

Curr Ratio 5 Yr Avg = 1.2

Quick Ratio = 0.78

Cash Ratio = 0.73

Interest Coverage 12/2011 = N/A

Interest Coverage 09/2011 = 11.55

Interest Coverage 06/2011 = 11.56

Valuation

Book Value Qtr ($/sh) 12/2011 = N/A

Book Value Qtr ($/sh) 09/2011 = 10.72

Book Value Qtr ($/sh) 06/2011 = 11.52

Anl EPS before NRI 12/2007 = 2.29

Anl EPS before NRI 12/2008 = 2.4

Anl EPS before NRI 12/2009 = 2.32

Anl EPS before NRI 12/2010 = 2.49

Anl EPS before NRI 12/2011 = 2.81

Price/ Book = 3.92

Price/ Cash Flow = 13.74

Price/ Sales = 2.84

EV/EBITDA 12 Mo = 10.02

P/E/G F1 = 2.36

Q1 Std Dev/ Consensus = 0.02

R-squared EPS Growth 12/2011 = N/A

R-squared EPS Growth 09/2011 = 0.84

P/E F1/ LT EPS Gr = 2.36

Std Dev Cons Current Qtr = 0.01

Median Est Next Qtr = 0.78

# Anlst in Cons Q3 = 6

Company: Provident Energy (PVX)

Levered Free Cash Flow = 76.85M

Basic Key ratios

Percentage Held by Insiders = N/A

Market Cap ($mil) = 3291

Number of Institutional Sellers 12 Weeks = N/A

3 Month % Chg Short Interest = n/a

Growth

Net Income ($mil) 12/2011 = N/A

Net Income ($mil) 12/2010 = -325

Net Income ($mil) 12/2009 = -78

Net income ($mil) 12/2008= $13.92 million

12mo Net Incm this Q/ 12mo Net Incm 4Q's ago = 134.44

Q Net Incm this Q/ same qtr yr ago = 433.15

EBITDA ($mil) 12/2011 = N/A

EBITDA ($mil) 12/2010 = 136

EBITDA ($mil) 12/2009 = 133

Net Incm Rpt Qtr ($mil) = 47

Anl Net Incm this Yr/ Net Incm last Yr = -315.23

Cash Flow ($/sh) 12/2011 = N/A

Cash Flow ($/sh) 12/2010 = 0.56

Cash Flow ($/sh) 12/2009 = 0.75

Div 5yr Growth 12/2011 = -20.64

Sales ($mil) 12/2011 = N/A

Sales ($mil) 12/2010 = 1667

Sales ($mil) 12/2009 = 1665

Dividend history

Div Yield = 4.49

Div Yld 5 Yr Avg 12/2011 = 11.16

Div Yld 5 Yr Avg 09/2011 = 11.44

Annual Dividend 12/2011 = 0.55

Annual Dividend 12/2010 = 0.69

Forward Yield = 4.49

Div 5yr Growth 12/2011 = -20.64

R-squared Div Growth 12/2011 = 0.76

R-squared Div Growth 09/2011 = 0.75

Dividend sustainability

Payout Ratio 09/2011 = 0.84

Payout Ratio 06/2011 = 1.07

Payout Ratio 5 Yr Avg 12/2011 = 4.62

Payout Ratio 5 Yr Avg 09/2011 = 4.62

Payout Ratio 5 Yr Avg 06/2011 = 5

Change in Payout Ratio = -3.78

Performance

% Ch Price 52 Wks Rel to S&P 500 = 36.46

Std Dev Target Price Est = 1.79

Avg EPS Surprise Last 4 Qtr = N/A

EPS % Change F2/F1 = 2.86

Next 3-5 Yr Est EPS Gr rate = N/A

Std Dev 3-5 Yr Est EPS Gr rate = N/A

EPS Gr Q(1)/Q(-3) = 105

5 Yr Hist EPS Gr 12/2011 = N/A

5 Yr Hist EPS Gr 09/2011 = N/A

ROE 5 Yr Avg 12/2011 = 7.71

ROE 5 Yr Avg 09/2011 = 7.54

ROE 5 Yr Avg 06/2011 = 6.48

Return on Investment 12/2011 = N/A

Return on Investment 09/2011 = 17.54

Return on Investment 06/2011 = 14.72

Debt/Tot Cap 5 Yr Avg 12/2011 = 38.76

Debt/Tot Cap 5 Yr Avg 09/2011 = 38.87

Debt/Tot Cap 5 Yr Avg 06/2011 = 38.62

Current Ratio 12/2011 = N/A

Current Ratio 09/2011 = 1.33

Current Ratio 06/2011 = 1.18

Curr Ratio 5 Yr Avg = 0.88

Quick Ratio = 0.5

Cash Ratio = 0.02

Interest Coverage = 2.24

Valuation

Book Value Qtr ($/sh) 12/2011 = N/A

Book Value Qtr ($/sh) 09/2011 = 2.19

Book Value Qtr ($/sh) 06/2011 = 2.14

Anl EPS before NRI 12/2007 = 0.12

Anl EPS before NRI 12/2008 = 1.31

Anl EPS before NRI 12/2009 = -0.3

Anl EPS before NRI 12/2010 = 0.38

Anl EPS before NRI 12/2011 = N/A

Price/ Book = 5.49

Price/ Cash Flow = 21.39

Price/ Sales = 1.69

EV/EBITDA 12 Mo = 28.08

P/E/G F1 = N/A

Q1 Std Dev/ Consensus = N/A

R-squared EPS Growth 12/2011 = N/A

R-squared EPS Growth 09/2011 = N/A

P/E F1/ LT EPS Gr = N/A

Std Dev Cons Current Qtr = N/A

Median Est Next Qtr = 0.13

# Anlst in Cons Q3 = 1

Note

Pembina pipelines will be acquiring PVX.

Pembina Pipeline Corporation ("Pembina") and Provident Energy Ltd. ("Provident") are pleased to announce they have entered into an agreement (the "Arrangement Agreement") for Pembina to acquire all of the issued and outstanding common shares of Provident (the "Provident Shares") by way of a plan of arrangement under the Business Corporations Act (Alberta) (the "Arrangement") to create an integrated company that will be a leading player in the North American energy infrastructure sector. Upon the successful completion of this transaction Pembina intends to increase its monthly dividend rate from $0.13 per share per month (or $1.56 annualized) to $0.135 per share per month (or $1.62 annualized) representing a 3.8% increase and reflecting management's confidence in the significant operational and financial strength of the combined entity going forward.

Conclusion

Investors should wait for a strong pullback before committing any fresh money to this market as the markets, are still extremely overbought.

Sources: EPS, EPS surprise, broker recommendations, and price and consensus charts sourced from zacks.com. Earnings estimates and growth rate charts for sourced from dailyfinance.com. Earnings Vs estimates charts sourced from smartmoney.com. Free cash flow yield, income from cont operations, and revenue growth sourced from Ycharts.com. Dividend history charts sourced from dividata.com

Source: Is CEMIG A Good Long-Term Play?

Additional disclosure: This list of stocks is meant to serve as a starting point. Please do not treat this as a buying list. It is imperative that you do your due diligence and then determine if any of the above plays meet with your risk tolerance levels. The Latin maxim caveat emptor applies-let the buyer beware.