
TSE:ENB
This 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.
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.
Energy stocks? Right now stick to the large, liquid energy stocks. There is growing concern of counter-party credit exposure within the mid-stream and pipeline space. He recommends ENB-T and TRP-T for pipelines and SU-T and CNQ-T for producers, if you want to own any energy stocks. SU-T yield is 7.2%, while CNQ-T is 8.4%. CNQ-T is probably still showing positive cash flow, even at these oil price levels. You may still lose money, but it will be much less than a smaller player.
Payout ratio is 70% and stable. Dividend is 7.6%. Way cheaper than TRP. Fixed the balance sheet. Pretty attractive here. Start building some positions. Decent growth rate if Lines 3 and 5 come on.