TSE:ENB
Enbridge (ENB.TO)
65.77
-0.38 (0.57%)
as of Oct 1, 2026, 8:00:00 pm Market Open.
2696 watching
Financials 
Technical Analysis 0
COMMENT
It pays a dividend yield over 7%, though was recently downgraded by an analyst who cited lack of growth. Their business is pipelines, but they also heavily invest in solar energy and carbon capture to pivot to green. It hit a new high in November, but shares have recently tumbled along with the price of oil and gas. Today, they held a great investors' day. Worth buying or not?
oilgas pipelines
BUY
A great entry point as they are not making new pipelines anymore. The mainline is not being contracted like they wanted, but he is confident they will find a solution. They could go back to a regulated return business to reduce risk. A good one to hold for dividend growth going forward.
oilgas pipelines
PAST TOP PICK
(A Top Pick Dec 04/20, Up 22%) Underappreciated amongst its peers. Concerns over Line 5, etc. Need for the product is high, hard to believe they'd be shut off. Small dividend increase recently. Premium yield, and he doesn't see any problem maintaining it, but dividend growth might slow down. Yield is over 7%, making it a core holding in an income portfolio.
Michael SprungOwned
oilgas pipelines
DON'T BUY
Export facilities in jeopardy? Not a major concern. US needs Canadian oil and gas. Longer term, oil and gas use is declining. Adoption of EVs will increase. ENB will need heavy capex to stay on top of renewables. ENB oil shipments will stay stagnant, difficult to grow dividends at a rapid pace. Capital intensive, slow growth. Yield close to 7%.
oilgas pipelines
BUY
Two negative regulatory decisions recently. Good entry point. December 7 investor day is when they'll outline growth. He expects share buybacks. Good place to be for the long-term investor who wants low volatility. Shares are worth mid-$50s, giving you 10-20% total return with the dividend.
oilgas pipelines
BUY
Pembina, Transcanada and Enbridge as a dividend investment over 5 years? He owns all three. They all pay over a 6% dividend on average. ENB is down on the news that the Canadian regulator has rejected the tolling agreement on the main line. He doesn't see this as a huge deal for ENB though; obviously it would be nice to see at least of this contracted. Perhaps they went too hard on the amount of contracting they were seeking. But it's a mess, given the lack of pipeline capacity. Investors need to be focused on LNG in the middle/later part of this decade which will really boost demand for natural gas and its infrastructure; all three companies will participate in this, though ENB the least. ENB has new oil pipeline capacity with their Line 3 replacement strategy completed last month. Compounding the 6% dividend alone means the share doesn't need to perform much to deliver you a good return over 5-10 years.
Ryan BushellOwned
oilgas pipelines
HOLD
ENB vs. PPL ENB is one of her two core holdings in the pipeline space for the yield at just over 6.5%. She also holds PPL as an income stock; its yield is attractive at just over 6%, and it's safe. PPL should raise the dividend by single digits over the foreseeable future, grow organically, and make acquisitions.
Christine PooleOwned
oilgas pipelines
HOLD
You should hang on to it for the dividend yield. Pipelines generally hold up well during recessions, and construction of new pipelines may be coming to an end, so this will benefit that.
Teal LindeOwned
oilgas pipelines
COMMENT
Still believes they are a great business with great assets. Yield is strong and there is good growth. These assets are not being built anymore so there is a scarcity view.
James TelfserOwned
oilgas pipelines
PAST TOP PICK
(A Top Pick Nov 11/20, Up 39%) The stock was too cheap to ignore. The dividend and valuation is still great. Line 3 is now in the rear-view. This is a name that he would still buy today.
Greg NewmanOwned
oilgas pipelines
PAST TOP PICK
(A Top Pick Nov 11/20, Up 39%) The stock was too cheap to ignore. The dividend and valuation is still great. Line 3 is now in the rear-view. This is a name that he would still buy today.
Greg NewmanOwned
oilgas pipelines
'%20fill='%23ffffff'%3e%3cg%20id='Pager'%20transform='translate(423.000000,%201755.000000)'%3e%3cpath%20d='M243.295367,17.286474%20C243.68919,16.9045087%20244.327703,16.9045087%20244.721525,17.286474%20L249,21.4361302%20L253.278475,17.286474%20C253.672297,16.9045087%20254.31081,16.9045087%20254.704633,17.286474%20C255.098456,17.6684393%20255.098456,18.2877274%20254.704633,18.6696927%20L249.35654,23.856763%20C249.159628,24.0477457%20248.840372,24.0477457%20248.64346,23.856763%20L243.295367,18.6696927%20C242.901544,18.2877274%20242.901544,17.6684393%20243.295367,17.286474%20Z'%20id='Path'%20transform='translate(249.000000,%2020.500000)%20scale(-1,%201)%20rotate(-90.000000)%20translate(-249.000000,%20-20.500000)%20'%3e%3c/path%3e%3c/g%3e%3c/g%3e%3c/g%3e%3c/svg%3e)
'%20fill='%23ffffff'%3e%3cg%20id='Pager'%20transform='translate(423.000000,%201755.000000)'%3e%3cpath%20d='M243.295367,17.286474%20C243.68919,16.9045087%20244.327703,16.9045087%20244.721525,17.286474%20L249,21.4361302%20L253.278475,17.286474%20C253.672297,16.9045087%20254.31081,16.9045087%20254.704633,17.286474%20C255.098456,17.6684393%20255.098456,18.2877274%20254.704633,18.6696927%20L249.35654,23.856763%20C249.159628,24.0477457%20248.840372,24.0477457%20248.64346,23.856763%20L243.295367,18.6696927%20C242.901544,18.2877274%20242.901544,17.6684393%20243.295367,17.286474%20Z'%20id='Path'%20transform='translate(249.000000,%2020.500000)%20rotate(-90.000000)%20translate(-249.000000,%20-20.500000)%20'%3e%3c/path%3e%3c/g%3e%3c/g%3e%3c/g%3e%3c/svg%3e)
