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
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
BUY ON WEAKNESS
Line 5 issues? They have been in the news a lot lately. An anchor became dislodged on their Eastern portion, but a judge forced an injunction to shut down the western section as well. On Canada Day, the western portion was allowed to reopen. Line 5 is only 2.5% of the companies EBITDA, so it won't make or break the company. But it is just another example of regulatory interference. From a fundamental perspective not a big issue. He is underweight energy, but would be a buyer in a sub-$40 range.
oilgas pipelines
PAST TOP PICK
(A Top Pick Jun 17/19, Down 4%) It is one of his favourites in the group. It is the most miss-understood because they are involved in so many markets. They are well contracted and in a strong liquidity position. He would continue to hold it. He would be surprised to see a dividend cut.
Michael SprungOwned
oilgas pipelines
BUY
US pipeline issues? We own ENB and have for a few years. Lower oil prices impacted their business, but they are financially sound. Over 95% of their capacity is contracted. Some lower production out of western Canada may impact short term earnings. Eventually Line 3 will be completed and Line 5 will be refurbished. With a yield above 7%, it is an attractive hold.
Christine PooleOwned
oilgas pipelines
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