The Globe and Mail reports in its Thursday edition that money manager Chris Kerlow has been buying Pembina Pipeline shares. The Globe's Brenda Bouw writes that Mr. Kerlow is senior portfolio manager and adviser at Langsford Wealth Counsel, Canaccord Genuity, in Oakville, Ont., overseeing $1.2-billion in assets. He told The Globe: "Pembina is a stock we added at the start of this year. Heading into January, we flagged high oil prices as a market risk and wanted to increase our overall exposure to energy and energy infrastructure. We added more in August after the stock pulled back a bit. Pembina has durable infrastructure cash flows, but what we're really excited about is its Greenlight Electricity Centre, a 932-megawatt natural-gas-fired facility to support Meta Platforms' Alberta data centre project. This project sets a strong precedent, which we think could open the door to more infrastructure buildouts like it." Mr. Kerlow says data centres are a low-risk infrastructure play with clear cash-flow generation. He also likes Pembina's stake in the West Coast oil pipeline project, a million-barrel-a-day pipeline connecting Alberta to the West Coast. He is encouraged that the Canadian government is backing the project.