TSE:ENB

Enbridge (ENB.TO)

65.77
-0.38 (0.57%)
as of Oct 1, 2026, 8:00:00 pm Market Open.
2696 watching
0
PARTIAL BUY
They've re-focussed internationally beyond Canada, and they can expand existing pipelines, which are a little easier (getting permission) to build than brand-new ones. He's added to this recently. You can nibble into it now over, say, three weeks in three tranches.
COMMENT
The dividend is terrific. Many other companies in the space have ways of raising dividends but Enbridge hasn't been covering its dividends for years. It looks like they are finally getting to cover their dividend. However, guidance was not optimistic.
HOLD
Positive regulatory announcements. Reports tomorrow. Dividend is definitely safe, and will be increased in the 10% range for the next couple of years. For a high dividend yield, this is the one. Yield is 5.8%.
BUY
Dividend growth to come? It's one of his larger holdings. He likes the 6% yield. ENB plans to grow the dividend 5-10%. They've enjoyed regulatory approval in pipelines which is an upside. He's chipping away at it. Still likes it.
BUY

ENB-T vs. TRP-T vs. IPL-T. IPL-T has the biggest upside because the price is not reflecting the PDH facility. ENB-T and TC are more stable companies and within those he likes ENB-T because Line 3 will most likely com on line first.

HOLD

Offers growth and 5.8% yield, but the debt-to-operating cash flow is 6x and other metrics are looking stretched. It's enjoyed a great move in the past year. Don't add to it, but hold it and look at telcos like BCE.

BUY
He likes the chart. Most investors were disappointed in this in the last 5 years, but it rebounded in mid-2018. He now likes it. Stick with it.
PAST TOP PICK
(A Top Pick Feb 26/19, Up 16%) They are moving painfully slowly but doing so nonetheless. They deleveraged and sold some core assets. They are spending in the renewable energy sector. He likes it here.
BUY ON WEAKNESS
ENB vs. Aecon He likes ENB. Money managers are hiding in pipelines in the energy space (safe dividends in pipelines). $50 is key. If it falls to $50, add to your holding. $60 is the next support level. A great chart.
HOLD
Payout ratio? Such a hated story about a year ago following the Spectre acquisition and high leverage of debt. They have followed through on both and have increased their dividend. Line 3 is proceeding. You want to own a scarcity asset like this -- no one is building pipelines now. One the best placed to put your money. The payout ratio is a little high, but he continue to believe it is safe. Yield 6%
PAST TOP PICK
(A Top Pick Jan 31/19, Up 20%) It continues to grow its dividend yield, just under 6%, and growing its earnings around 5%. They were in the penalty box trying to develop its pipelines, but most of that is now behind them, and they've paid down some debt. They've simplified their corporate structure. He targets $56 and throw in the dividend for a good gain.
BUY

ENB vs. TC He owns ENB which he has picked before. Hold onto it for a long time and collect the dividend. It's worked through its capex issues. TC has a similar story with cash flow growth, a strong dividend yield and a multiple expansion to come. Infrastructure assets like this are hard to find. Both have stable yields. You can own either.

COMMENT
Carries a lot of debt, so look at the fundamentals, and not only the chart.
TOP PICK
It's showing good momentum, finally popping above problem levels. It also pays a 6% dividend. He targets $60. The chart looks strong. (Analysts’ price target is $55.83)
TOP PICK
Likes the pipelines. It's broken out. Could hit $60. What's not to like? The sector seems to be catching a bid right now. Yield is 6.14% (Analysts’ price target is $55.79)
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