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TSE:ENB
This summary was created by AI, based on 39 opinions in the last 12 months.
Enbridge (ENB) continues to attract positive attention from experts as a solid investment in the energy infrastructure sector. With a competitive dividend yield of around 5% to 6% and consistent cash flow, it is regarded as a reliable income-generating stock. Analysts highlight its significant role in moving crude oil and natural gas across North America, benefiting greatly from the ongoing LNG boom. However, some caution against entering the market at its current price levels, suggesting a potential pullback could offer better buying opportunities. Overall, the energy sector appears to be in a prolonged bull phase, with tailwinds from increasing energy demand and political support for infrastructure development, positioning Enbridge favorably for future growth.
ENB vs TRP? He believes having one of these holdings is key to your portfolio. It is getting harder to put pipe in the ground, so existing assets are valuable. He owns ENB, due to the amount of oil they move and the pricing power they have with tolls.
Dividends safe? Regulated businesses stand a better chance to keep dividends whole. BCE and ENB are both regulated entities. Canadian banks have had a history of not cutting dividends, but you never know. It will depend on how long COVID lasts -- if we are still locked down next year, he would be a seller.
It is a great buy at this price. Just because the price of crude oil has come down, we will all still need to heat our houses next year and the fuel will get to us through their pipelines. Tremendous yield. It has debt, obviously, but he would not hesitate to buy it. In 2008/9 TRP-T was one of his biggest holdings and it took 15 months for the price to recover.