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
A great stock. Over the next little while, commodities will continue to perform well. Oil should continue at these levels or just a little lower. Should have a good couple quarters. Pipeline projects might not be approved in the future, so need to make some changes to their model shortly.
PAST TOP PICK
(A Top Pick Aug 04/20, Up 21%) He sold in February, though may have left some money on the table. Challenging to grow, growth pace might get cut in half. Empowered NIMBY obstructionists on both sides of the border. Put profits into opportunities that have done better.
DON'T BUY
Hasn't liked this for a long time. ENB keeps promising dividend increases that their profits can't meet. Equity raises funded those increases, but diluted shares. It yield around 6.7%, around the same as junk bonds. Their business model and dividend growth are unsustainable.
BUY
It has been a great stock for many investors. It has an attractive dividend yield that is safe. He does not think electric vehicles will take over. He thinks there will be yield normalization. He thinks it is a good investment as a dividend proxy. He would buy it for a new client.
BUY
Bought more during the market panic back in 2020. Feels ENB is more of a utility type stock than an energy stock. The pipelines were in the utility index before. They make their money on volume, not the price of gas. Low risk holding. Get growth when they can build new pipelines. Great yield, just under 7%.
BUY

ENB vs. TRP vs. PPL Likes TRP. Trading below pre-Covid highs, as it's viewed as more defensive. Keystone XL announcement was initially negative, but a relief going forward. Not starved for growth. Lots of capex in development. Market will continue to rerate the stock. He prefers ENB, as its valuation is still at a modest discount, Line 5 is mostly resolved. TRP, PPL, and ENB are all high quality companies that you can't go wrong owning. But ENB is his pick of the three.

TOP PICK
Very difficult to build any new pipelines. Has had low valuations that has gone up a lot. The company should do well over the next 10 years while you get paid to wait. 16x earnings with 6.5% dividend yield. (Analysts’ price target is $65.00)
HOLD
Pretty steady, long-term position. Steady pipeline business, nice dividend. Revenues guaranteed by long-term contracts. Good dividend history. Uncertainty in the near term. Good one to hold long-term in a TFSA.
BUY
He sees excellent value in the shares. He sees a growing dividend. He liked that they reduced the dividend previously and paid down debt.
BUY
There are risks on Line 5 but Line 3 had positive news. You could see the shares move to mid 50s with more risk deleveraging. A good total return proposition.
BUY
Loves energy infrastructure companies. One of his largest positions. Difficult to build or even repair pipelines, so existing infrastructure is very valuable. Long-term trend of fossil fuels is down, but they're not going away anytime soon. Reduced debt. Would add at these levels. Great yield, great business.
DON'T BUY
With line 5 shut down, how safe is the dividend? He prefers the pipelines over the oil producers, because they're one step removed from commodity price fluctuations. They are much better dividend payers out there, though his focus isn't dividends (he prefers companies that reinvest well). He can't speak to the line 5 shut-down, but look at ENB's payout ratio. If that's over 75%, be worried. Also, he sees wildly fluctuating metrics which he doesn't like; he prefers stable metrics.
HOLD
It's possible we'll never see another pipeline built in NA again. But oil and gas companies badly need them, so they'll pay whatever. ENB will be a winner over the long haul. Who knows what will happen in Michigan? Steady growth, steady dividend growth. Slowed dividend growth in favour of paying down debt, and this makes him comfortable.
BUY ON WEAKNESS
Pays nearly 7%, and owns it for income. They increase their dividend annually. Line 5 Michigan is in the news--see how that plays out. It would be difficult to shut down that pipeline which is vital for Michigan, Ontario and Quebec. ENB has had a nice rally along with crude oil, so wait for a dip.
BUY
Line five is in the news a lot. ENB-T is doing all they are required to do according to federal law. The state will have to prove its jurisdiction rights over the federal government. He thinks ENB-T will be able to operate line five for the foreseeable future. A lot of the mid-streamers are at or below where they were before the pandemic even though oil and gas prices are above where they were before the pandemic. It has a pretty secure yield.
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