Enbridge (ENB.TO)

Has pushed above its 200-day moving average, unlike other dividend payers like Telus. Pays a 7.5% dividend and they historical increase it. Commodity prices are improving or not worsening. Dip your toe into this.

It has a high yield and steady 3% growth in free cash flow which gives it a 10% return year over year. A rate cut could take it to over $50. It is the top holding of their firm.

Equity issue of over $4B to fund acquisitions will be dilutive until operations come online and start producing. Overhang on stock price. Rising interest rates hurt interest-sensitives' debt carrying costs, but less than 10% of debt is subject to floating rates. Trans Mountain perceived as an overhang, but delays have actually topped up ENB takeaway capacity.

Interest-sensitive pipelines have all had a rough time. ENB had to issue equity and debt to finance an acquisition, caused stock to collapse, an opportunity to buy.

These companies have great assets that aren't going away. CEOs of these companies feel it's difficult to do business in Canada. ENB, for example, is dedicating all its capital to the US. That's going to be the strategy if these companies want to grow. 

Good time to buy. Though rates aren't going down as quickly as people think, they're not going up from here. That's the value proposition. Over the next 6-9 months or so, rates will come down at the short end and the yield curve will look differently. These companies will benefit from that.

After years of going nowhere, energy demand is rising 5% annually thank to data centres that generative AI rely on. We need natural gas to meet this demand. ENG is the Canadian natural gas kingpin that moves 20% of the nat gas in the US and ther 30% produced in North America. ENB pays a 7.7% dividend yield. This is ENB's moment.

Carbon energy isn't going anywhere soon. ENB pays an 8% dividend. Hold it for 10 years and you get back 80%, assuming the share price and dividend hold. Falling interest rates are a catalyst for dividend stocks.

Can't comment on that, but would hold this for 5 years. It's an established name in Canadian energy, pays a sustainable dividend which has grown over 30 years. I less leveraged than peers CNQ, Cenovus and Meg. Is highly confident in ENB and owns many shares.

He prefers TRP to ENB. ENB shares haven't fallen as far, balance sheet has more debt.

Very inexpensive. High dividend yields and, as a Canadian company, gives you the dividend tax credit. Opportunistic acquisitions last year in a higher-rate environment gave them about a 50/50 split between oil and gas pipelines. Simpler story than TRP, similar valuation, and better growth.

Really good dividend. Yield companies have fallen as interest rates have gone up, real headwind. Reasonable valuation. More expensive than TRP, but with a better growth rate. 5% EPS growth, 15x 2025, boosted dividend. Don't add right now. A name like this can give you defensive qualities if markets go bust, as ENB probably won't do down that much from here.

Lots of debt, which the company has indicated it's going to reduce, which means slower dividend growth over time. Yield is 7.6%.

FTS is less levered. For a pure income play compared to ENB, he'd choose this one.

His favourite play in the entire sector is TRP. Less levered than ENB. Healthy dividend yield, with more room for growth. More room for growth in general. 

The pipeline is delayed again, but a year or two from now Canada will see bottlenecks again in moving oil. ENB is the biggest pipeline operator, trades at a discount to the rails, and pays a 7.6% dividend yield.

Largest pipeline operator in North America. ~7% yield very strong. Expected to continue growing dividend. Recent weakness in energy prices reason for share price weakness. Assets very valuable as hard to replicated. Pause and/or falling interest rates will be good for business. Good for income oriented investors. 

A good, long-term pipeline. Shares pulled back recently when they bought three U.S. utilities, but they have nearly financed that by selling some assets. They have a large project backlog. Expect the 7.4% dividend to increase.

Has competition from GEI, PPL, and TA, which all look good here. 15x 2025 earnings. 66% payout ratio on a 7.6% dividend, pretty safe. Dividend growth, EPS growth.