TSE:ENB
Enbridge (ENB.TO)
71.78
+0.04 (0.06%)
as of Aug 13, 2026, 2:32:23 pm Market Open.
2692 watching
Financials 
Technical Analysis 0
Investor Insights
Aug 13, 2026, 12:00 amThis summary was created by AI, based on 37 opinions in the last 12 months.
Enbridge (ENB-T) is highly regarded among experts for its strong performance and reliable dividends, currently yielding around 5% and expected to grow. The company operates the largest crude oil pipeline network in North America and is strategically positioned to benefit from rising infrastructure spending in Canada, particularly related to natural gas and LNG exports. Analysts note the strong management and stable cash flows, despite some concerns regarding its exposure to commodity prices. There is general agreement among experts that Enbridge is a solid long-term investment, although opinions vary on its current pricing and growth potential in comparison to peers. Overall, it is viewed as a safer asset within the energy sector, especially for income-focused investors.
Consensus
Positive
Valuation
Fair Value
Similar
TC,TRP
BUY
Consolidation in pipelines coming? No, not likely. There are ENB and Transcanada which dominate this space, plus regional players like Pembina. There was a flurry of M&A three years ago, but he doesn't see that appetite now. ENB has been shaking off non-core assets to reduce debt and strengthen their balance sheet. ENB is recession-resilient. Today, they finally got approval to reopen their line in Michigan. Expect modest organic growth in their gas business. Their renewables are small, but growth and are important for the future--pay attention to this. Finally, the biggest catalyst is the line 3 replacement. Pays a 7.8% yield.
Brian MaddenOwned
oilgas pipelines
COMMENT
Tremendous assets, but a mountain of debt. They benefit from low interest rates. But the dividend around 8% indicates the market is dubious. Will go quite a long way before they cut the dividend. It's a business that we all need, whether there's Covid or not. Impossible to build new pipelines, so existing ones are valuable.
oilgas pipelines
HOLD
Oil and gas are undervalued, as the world as a whole is moving on from that sector. But the commodity will still be used, and so ENB should have sustainable earnings. Biggest thing is where are they going to get their growth from? Likes the company, especially for income investment, but growth is questionable as it's so hard to get new approvals.
Cole KachurOwned
oilgas pipelines
WEAK BUY
They're trying to complete the Line 3 pipeline, but are awaiting a court decision in Minnesota and face a US election. Line 3 should be approved. The base company is still a necessity, supplying oil and gas to Ontario. You might get stock appreciation to the $50s, but don't count on it. The 7% dividend is solid however.
Ryan BushellOwned
oilgas pipelines
BUY
Pays a 7.5% yield that's safe. True, the stock hasn't moved lately, but you're paid to wait. Trades at a higher free cash yield than peers. Balance sheet is getting much better. 70% payout ratio, so yield is fine. The only risk is line 3 and 5, which may or may not happen. The stock will do well if they don't get those lines going.
oilgas pipelines
PAST TOP PICK
(A Top Pick Jul 12/19, Up 0%) Still owns it. Most growth among the pipelines. Good recent quarter, and reiterated dividend and earnings growth. A good entry point today, down $1.50 from $45.
Bruce Campbell (1)Owned
oilgas pipelines
BUY
Long term It pays a 7% dividend and it's good long term. They addressed their balance sheet issues and simplified their corporate structure. ENB has a large U.S. and natural gas presence, so it's diversified to oil. It's become difficult to build new pipeline, so their existing pipelines are valuable, moving a lot of crude oil across North America.
Christine PooleOwned
oilgas pipelines
TOP PICK
A dividend growth story, not so much acquisition. Their main pipeline moves two-thirds of western oil out of the west, and their line 3 project in Minnesota should be the greenlight after many deadlines. They also move midstream gas, moving 25% of North American natural gas. They own a small, but fast-growing renewable energy business. Enbridge home-heating gas is Stable and profitable. The stock is depressed along with oil prices, but it will come back. Pays a 7.5% dividend, but it's safe based on their balance sheet and ENB hasn't cut its divvy in the past. (Analysts’ price target is $52.34)
Brian MaddenOwned
oilgas pipelines
DON'T BUY
A company that he is not enthusiastic about. They have a lot of debt, poor performance in assets, and cashflow hasn't changed in the past few years. There is good dividend growth. It would probably do better than cash or bonds. He would look elsewhere for better balance sheets, cashflow and less debt.
oilgas pipelines
COMMENT
It yields around 7%, though there's negativity around their projects. Just seeing an advance on one of their pipelines will change sentiment. He believes their projects will go ahead and that will raise the stock price. Two or three green lights will push the stock to $50.
Jamie Murray Owned
oilgas pipelines
BUY
Safe dividend? Quite safe. Cash flow is growing and the balance sheet is in much better shape than in past years. Their existing assets are fine. Valuation has plunged from around 25x to around 15x. ENB is not tied to commodity prices, though commodity volume. When you can't get yield from bonds or some stocks, ENB's dividend pays.
oilgas pipelines
HOLD
Likes it. Fantastic dividend of about 8%, which will move around with oil markets. Doesn't think the dividend is in trouble.
Stan WongOwned
oilgas pipelines
COMMENT
PAST TOP PICK
(A Top Pick Jul 25/19, Down 1%) He would stay with it and it remains his favorite in the pipeline space. Trades only 8 times cash flow and has a great dividend yield. The negative sentiment right now gives investors a great opportunity now.
Chris BlumasOwned
oilgas pipelines
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