
TSE:ENB
Not a lot of regulatory noise, for the first time in a while. He's expecting positive news on Maineline tolling. Core pipeline network is going to continue to fund a lot of free cashflow. Infrastructure expertise now has continental reach. Potential for energy funds to flow into Canada and ENB will benefit. He has about a 6% position. Over next 10 years, opportunity for total return of dividend plus capital appreciation is pretty great. Yield is 6.56%.
(Analysts’ price target is $58.10)
The 6% dividend is safe. Well-run. Their main line is a major pipeline globally. Balance sheet fine. Have a $17 billion backlog of projecs which should increase that dividend in time. Growth lies ahead.
(Analysts’ price target is $58.10)