Alexander MacDonald Portfolio manager Enbridge ENB-T Unspecified Aug 14, 2023

Great income name. Gets nat gas where it needs to go. Yield is 6%, and dividend grows 2-3% a year. Overall, you're looking at a 9% total return on a long-term basis. Improved capital structure by selling a pipeline in BC. Well managed.

Likes all the pipelines. Energy infrastructure spending is a huge area for Canada over the next number of years. This name is a prime beneficiary. Good dividend yield. 

The thing about this one is that the call premiums can often be weighed down by dividends. So if you're going to sell calls on something with a higher dividend, and it's a lower-volatility name, you can expect the option premium to be small. Not something he'd do, as it has a pretty good yield already of 6-7%.

Stable dividend, 30 years of consecutive dividend growth. Solid revenue pipeline, which is regulated. Earnings growth in mid-single range. Pretty healthy outlook for the stock. Price of oil has somewhat stabilized. Yield is 6%.

If you don't need the income right now, sign up for the DRIP.

The kind of stock everyone can own. Dollar-cost average in, and hold long term. Consistent, reliable, pseudo-utility though it falls under energy. Not high growth or a high ROC, as it's very capital intensive. Dividend chart and payout ratio look fantastic.

Banks look to be extended, but pipelines seem to be reaccelerating (TRP, ENB). Given his view about a potential correction coming soon, doesn't mind rotating a bit out of BMO and putting some into ENB. Likes the breakout, and thinks it's more defensive-related, not energy-related.

If you look at the Commitment of Traders data (published every Friday), commercial hedgers (considered the "smart money") have been hedging crude oil less (which means they've been going longer). Something interesting is happening there.

ENB has done well, and offers a solid secure dividend. We would remain quite comfortable buying it in the low $64 range. 
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You should take note of the litigation issue and remember that the news and media can move a stock. However she doesn't see anything being detrimental over the longer term. The natural gas side is picking up although the oil side is under a bit of pressure. She thinks Enbridge can adapt. The dividend is over 6%.

Technical analysts love to give fancy names to chart patterns ;)  The 5-year for this name is showing a cup and handle -- with that rounded bottom, perhaps a little pullback, and then a breakout and consolidation. Also a nice swing trade. Now testing the breakout point, and successfully so. Looks good.

Likes and owns both. If she had to buy one today, it would be PPL. ENB has already seen growth. PPL lagged for a lot of this year, flat to negative, up until last week with Alberta data centre announcement. Pembina has a strong management and track record.