Author Bio
Matthew is a senior energy and materials specialist with The Motley Fool. He graduated from Liberty University with a degree in Biblical Studies and a Masters of Business Administration. You can follow him on Twitter for the latest news and analysis of the energy and materials industries: Follow @matthewdilallo
The stock market has seems to be hitting a new all-time high almost daily. That s causing some concern that it might be a bit overvalued after a big run-up in the past year. However, there always seem to be some hidden gems out there for investors willing to go digging.
Rooks: Maine dam pratfall leaves other questions in its wake
Douglas Rooks
In a stunning development last week, the Maine Department of Marine Resources (DMR) announced it was abandoning its effort to amend dam licenses on the Kennebec River that could have prompted federal orders to remove four main-stream hydroelectric dams.
The move came after Brookfield Renewable Partners, the international renewable energy giant based in Canada, which owns the dams and many other hydro facilities in Maine, filed suit in Kennebec County Superior Court to block the rulemaking.
Next-day reporting left much to be desired. One account had DMR Commissioner Patrick Keliher describing it as a “process problem.” Another said Keliher “would halt the process,” which was true, but did nothing to explain the sudden reversal.
The Maine Idea: Gov. Mills administration fumbles on Kennebec dam removals
DMR’s pratfall leaves other questions in its wake
By Douglas RooksThe Maine Idea
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In a stunning development last week, the Department of Marine Resources (DMR) announced it was abandoning its effort to amend dam licenses on the Kennebec River that could have prompted federal orders to remove four main-stream hydroelectric dams.
The move came after Brookfield Renewable Partners, the international renewable energy giant based in Canada, which owns the dams and many other hydro facilities in Maine, filed suit in Kennebec County Superior Court to block the rulemaking.
Image source: Getty Images
One of the first and most important lessons investors learn is that it’s crucial to invest for the long run. Finding Canadian stocks to buy for the long run is not completely straightforward. However, it’s not difficult either. There are several industries, such as green energy, where stocks offer significant growth potential for years.
Of course, you can’t invest your whole portfolio in the green energy sector. It’s important to diversify.
But it’s about finding industries and sectors similar to green energy that will grow consistently for decades to come. That’s how you find the best Canadian stocks to buy for the long term.