TSE:ENB

Enbridge (ENB.TO)

65.77
-0.38 (0.57%)
as of Oct 1, 2026, 8:00:00 pm Market Open.
2696 watching
0
BUY
pipelines They are scarce assets. Very few pipelines will be built. Over history, returns have been positive. You own these for cash flow, not growth. He owns ENB and Pembina. They generate amazing cash flow. ENG pays nearly 7% and Pembina 6% in dividend yields. As money flows into energy (and oil prices rice), these stocks rise. Pipeline are a conservative way to play energy, plus you will get paid dividends. Total return is close to 10%. When people are scared and cash flows slow down, the businesses still operate well and cash flows remain positive. Highly defensive.
WATCH
An energy and utility company. It's been pummeled; the dividend has soared. It can go down further, but it's due for a rebound. Demand for natural gas will remain strong as we head into winter. The dividend is safe, and he wants dividend stocks.
BUY
One of the greatest long-term holds. Safe dividend of 6%, growing. Balance sheet in great shape now. Buying back stock, a good sign. Critical infrastructure assets. LNG production helps supply. Renewables presence.
BUY
Pays a 7% dividend and, within this space, is among his favourites.
TOP PICK
High dividend yield (over 6%). Believes shares are priced fairly for investors. Likes business model in this business environment. Very stable business. Company carries ~30% of oil in North America.
TOP PICK
A national champion, best of breed. Track record of dividend growth, renewables pivot, underlying opportunity for growth. Carbon-based fuel will continue for the foreseeable future. Exposure to that without going into development side. Stable cashflows and dividend growth with take or pay contracts. Attractively priced. Yield is 6.64%. (Analysts’ price target is $60.55)
WAIT
It has had a rough time lately, has taken out the June lows and could go lower. It is hard to see a catalyst in the short run.
BUY ON WEAKNESS
Very attractive income stock. Above his buy price. Energy has been so hot this year, so wait to add on pullback. Wonderful business, especially for people looking for income. Yield about 6%.
PAST TOP PICK
(A Top Pick Oct 25/21, Up 11%) In a tough market, a good place to hide out for a year. Dividend scheduled to grow about 5% per year. Sold from his global fund to pursue better opportunities. Still holds in his income fund for the 6% dividend.
BUY
Pembina vs. Enbridge He likes pipelines. They're hard to build in Canada, so the value of existing ones is high. ENB's dividend is tremendous. He really likes it. There was concern that their debt was too high and it their dividend was in danger. It turns out to be safe and it slighter higher than Pembina. ENG has a larger and more diversified customer base. Steady and not volatile for income investors. Not sure if they can raise the dividend during inflation, though.
PAST TOP PICK
(A Top Pick Jul 02/21, Up 23%) Continues to hold stock. Very strong company with excellent assets. Paying ~6% yield that is very durable. Very hard to replicate business model with legacy assets. Services will be valuable with rising energy demand.
HOLD
Impact of higher interest rates? Cleaned up balance sheet. Nice run, so won't be doing the heavy lifting for your portfolio. Macro and Ukraine conflict support building out the resource sector in Canada. Trying to move into renewables. Core holding. More of a seller at these levels. You can be comfortable owning. Lots of deflationary forces, and inflation is not 70s style, so you don't have to worry long term. Yield about 6%.
BUY ON WEAKNESS
Good staple for energy exposure, long-term contracted cashflows. 18x earnings. Somewhere around $50 is a good spot to re-enter. More insulated from oil price volatility over the next 3 months. Yield around 6.5%.
BUY
Sold it, because he wanted to buy oil companies like Whitecap. A great company and dividend yield, which will grow slowly over time. Energy prices will up for 2-3 years. You can hold this only for its dividend.
BUY
ENB vs. PPL He picks ENB, as it's bigger, financially stronger, better diversified, more last-mile downstream exposure. Small, but burgeoning, renewables business could drive a re-rating on the stock as ESG takes a look.
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