TSE:ENB

Enbridge (ENB.TO)

69.32
-0.38 (0.55%)
as of Sep 4, 2026, 8:00:00 pm Market Open.
2692 watching
0
Investor Insights
star iconSep 6, 2026, 12:00 am

This summary was created by AI, based on 38 opinions in the last 12 months.

Enbridge (ENB) is viewed positively among experts, recognized for its stability and consistent dividend payments, currently around 5%. Many analysts appreciate the company's strong management and disciplined financial practices, highlighting its potential for modest EBITDA growth of approximately 5% yearly. Despite being a blue-chip company with a significant pipeline infrastructure, there are concerns regarding its capital intensity and relatively high debt levels. The stock's performance can be affected by market conditions, particularly fluctuations in long bond yields and oil prices, which may pose challenges for valuation. Overall, while some experts express caution about the potential for price declines, ENB remains a solid choice for those prioritizing income over growth in their investment strategy.

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Consensus
Positive
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Valuation
Fair Value
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PPL
BUY

It has a good income. They had a few stumbles and now people seem to prefer TRP-T, but he would be a buyer of ENB-T here.

WATCH
The dividend is safe. If their pipes go through (line 3 and 5), it will do fine. There is still a lot of drama and he’s not putting more money into it.
HOLD
A declining interest rate environment is good for them. The dividend will continue to grow. They have issues on line 3 and 5. If line 5 is shut down then we can't get oil to the US to go east and west. They are in the process of cleaning up their corporate structure from a balance sheet perspective. He thinks it will go higher and continue to thrive.
PAST TOP PICK
(A Top Pick Jul 25/19, Up 7%) He still likes it. Great for income and would buy it today. The only issue is the lack of pipelines in Canada, but in the end there's a fundamental need to move oil across the country.
COMMENT
The dividend is safe and will continue to grow. Line 3, the main pipeline from Manitoba to America, hit some delays and legal action, but that's all resolved. Line 5 is hitting resistance from the Michigan governor, but he's confident it will be resolved.
COMMENT

The Federal government is anti-pipeline? He looks at either TRP-T and ENB-T for this space. He prefers the valuation of ENB-T at this time. He likes how TRP-T is re-inventing itself however. There is a big question mark around whether Keystone pipeline will actually get built. Any hint of failing to go forward could negatively impact the TRP-T share price.

BUY

He likes both companies. There was always a concern about ENB-T being able to finance their projects but they keep proving they can. He believes they will continue to perform fairly well. They are an attractive yield play.

BUY
Big problem was buildup of debt. But this has been corrected to some degree. Decent dividend. Risk with Line 3 and 5, but regulatory risk will always be there. Valuations are more reasonable than they've been for a while.
BUY
Average down? He likes it now more than before as the dividend continues to grow. They've sold non-core assets to pay off debt. However, the line 3 pipeline is stuck in Minnesota courts and line 5 stalled in Michigan. Eventually, they will prevail in both. It's a good income story. He doesn't average down.
HOLD
Holds a rate-reset stock that's gone down. Sell now, wait for a rate rise or buy the common shares? It's double-whammy now, because rate-reset are going lower and you get less of a value with the spread. Every 5 years they reset to a spread above Canadian government bonds. Also, ENG is an oil stock which is way out of favour. He owns ENB preferreds and he's comfortable holding till interest rates turn up again. For resets, you want a wide spread and a late maturity date.
BUY ON WEAKNESS
Starting to see more certainty in the pipelines. They also diversified by making some acquisitions. The dividend is strong and will continue to be there. Could get good returns at a 5 year hold.
BUY ON WEAKNESS
Likes the pipelines, they are essentially utilities. They are under pressure as a sector. The pipelines are safe in the energy sector.
PAST TOP PICK
(A Top Pick Jun 25/18, Up 17%) A needed commodity and the existing infrastructure is very important, as it is difficult to put more pipelines in the ground. The stock is attractive. It's constantly in the news, and there is headwind from environmental groups. They also have more supply than output capacity, so pipelines are full. They are going through a recontracting of the mainline and it should make their earnings more stable with longer term contracts.
DON'T BUY
Pipelines in Canada are stable income earners. ENB-T, however is more indebted than some of their peers. He does not like heavy debt loads. He would prefer a pipeline with less debt. If interest rates ever go up they could cut their dividend.
HOLD
He owns this North American pipeline business. He likes the dividend and thinks they will continue to grow it. Two of their lines are in regulatory delays, but he thinks this will be overcome. A delay of Line 5 would actually become an international incident, he thinks, so it has to go ahead. Yield 6.5%
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