TSE:ENB

Enbridge (ENB.TO)

71.78
+0.04 (0.06%)
as of Aug 13, 2026, 2:32:23 pm Market Open.
2692 watching
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Investor Insights
star iconAug 13, 2026, 12:00 am

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.

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Consensus
Positive
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Valuation
Fair Value
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Similar
TC,TRP
TOP PICK
You have to like the yield. They move 25% of natural gas and 10% of all oil in North America, tied in with long term contracts. The earnings are relatively safe. It is an area he likes. They did a pretty good pay down on debt. (Analysts’ price target is $53.48)
BUY
He continues to buy it for new clients. The lower prices hurt the producers but not so much the pipelines. The big pipeline is filled with take or pay contracts with financially strong producers. They also own regulated utilities and the demand for heating homes is inelastic. They tend to grow the dividend every year and he feels they will not cut it this year.
BUY ON WEAKNESS
Buy now? Energy infrastructure companies have a much less certain future than regulated utilities. Energy demand has seen a significant downshift (30%). These companies have come off more and it is justified. He thinks ENB-T will survive this. You will be well served by owning it but you will see more pain on the crude front. We need to average in through the trough
BUY

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.

BUY
It takes nerve to buy anything now, but buy. They got a permit for line 3, which is good. They should see a 5-7% increase in earnings in the next 3-4 years.
TOP PICK
Downside target was $37.25. This yields 7.5% which isn't quite covered, which they're partially paying out of their cash flow. However, this is cheap and you can't miss with this. As a utility, their earnings will hold. (Analysts’ price target is $57.26)
TOP PICK
It is a utility stock, a pipeline. It distributes to local people in parts of Southern Ontario. It delivers energy products and is being slammed with other energy stocks. He does not find it makes any sense. Today it is yielding 8.5%. In the long run it is going to be good. They raise their dividend every year. (Analysts’ price target is $57.95)
COMMENT

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.

PARTIAL BUY

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.

BUY
He sold off yesterday during the oil crash, but that doesn't make sense, because ENB doesn't have much oil exposure. The pullback was emotional, but now it's a good entry points. Pays over a 6% dividend. Line 3 is a catalyst which will boost their pipeline capacity. Productive assets will generate buybacks and cash flow.
DON'T BUY
It has more debt. It will continue to pay its dividend and hopefully will pay off some of its debt. He does not like the energy patch. There are so many better companies around the world.
PAST TOP PICK
(A Top Pick Feb 22/19, Up 13%) Long-term hold. Attractive dividend that will grow. Nice core Canadian business. If you don't have it, you should get it.
COMMENT
Sold because their gaslines blew up, though analysts recommend ENB. Yes, pipelines occasionally split, leak or blow up, so if you can't stand this operational risk, don't buy ENB. But ENB has been a market mainstay. All pipeline stocks will benefit from the rate cut, and you're paid a healthy, safe dividend.
PAST TOP PICK
(A Top Pick Jan 09/19, Up 22%) His biggest holding. Momentum was building starting in late-2018, plus Minnesota approving line 3 earlier this year. That's good news. They just raised dividends again for the 25th straight time.
PAST TOP PICK
(A Top Pick Nov 28/19, Up 2%) Good, solid company. Impossible to get new pipelines built. ENB is the largest oil pipeline in North America. Its assets will become more valuable over time. Good buying opportunity.
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