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Opinions David Burrows
EnbridgeENB.TOCOMMENTMar 15, 2016
David BurrowsStock price when the opinion was issued
As of Jun 12, 2026. Market Open.
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Likes it, great business. Performing really well. Incredibly strong management. Only negative is that, in general, securities with higher dividends and lower growth are not leading this market.
Risk/reward is good. Energy sector is relatively early on in a longer-term bull phase. Some inflation protection. Yield is 5%.
David Burrows
Has been an income stock for her for many years. Is the biggest pipeline company in the world while their renewable business is growing. Wars are pushing governments to secure energy supplies. They serve 75% of refineries in the US Gulf Coast. Canada wants to build more energy infrastructure. Both are tailwinds. But we need to see higher production growth from energy products and Indigenous support for new pipelines. Pays a 5.3% dividend that keeps growing.
(Analysts’ price target is $76.85)
Christine Poole
Given that we're relatively early-stage in a Canadian O&G bull market, he'd lean toward energy infrastructure. Don't have to look much further than this name.
Exceedingly disciplined at making investments. Beneficiary of the capital spending cycle in energy. Yield is 5%, growing at low single digits every year.
Pays over a 5% dividend, which they raised 3% last December. She owns pipelines in the energy space. Cash flows are visible. They can grow EBITDA around 5% through 2030. Has a strong backlog of orders.
Christine PooleGood, sustainable dividend income stream, and that's going to grow your portfolio. Big opportunity for Canadian energy is shipping to Asia via the LNG terminal. Long term, LNG will bring parity in pricing -- that will flow through to the Canadian pipeline sector. Well run.
If it's become 10% of your portfolio, good idea to trim that back.
Darren SissonsThey reported earnings last Friday, then shares jumped 4%, but fell that much today on downgrades. They delivered on their quarter. Pays a 5% dividend that keeps growing based on growing cash flows. What's wrong with this? A lot of their capex are small and low-risk. Lots room for growth and add-ons.
Rebecca Teltscher
Pipelines are more dependent on oil volume rather than price. Most pipelines are at capacity with long term contracts. If more. oil flows from Venezuela it may result in lower prices, and valuations might be pressured. But cash flow is not likely to be hugely pressured, and any impact is not likely to be quick. US companies maintain that Venezuela is still 'uninvestable' despite what the administration says. It is not as simple as just turning on the taps.
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Ride out the ups and downs. Isn't bothered by the Venezuela news. Also, buy Canadian; he's bullish Canada. Definitely a buying opportunity now.
Matt KacurThe dividend is over 6% and earnings will grow at about 5%. This combines to make a rate of return at 11% which is pretty attractive for a blue chip company. Enbridge is heavy oil and oil demand is not growing that much. Natural gas is probably better because of LNG exports, its replacement value for coal and all the data centre power needed.
If you look at the history of busts in the oil industry, when there is a bust like we have had you generally don’t see the market bottom and then turn around and take off and not come back. In the 80s once and in the 90s once, oil dropped 68%-69% over a course of about 1 year. In both cases you had an approximate 50% bounce off the bottom, and then the industry had to consolidate for many years to work out excess supply and excess costs. We have had a great bounce in a lot of the stocks, which is given a lot of people an exit opportunity. He would prefer to focus on things that benefit if prices stay relatively low.