TSE:ENB

Enbridge (ENB.TO)

67.37
+0.18 (0.27%)
as of Oct 23, 2026, 8:00:00 pm Market Closed.
2696 watching
0
HOLD
If he were to draw a horizontal line, lots of resistance both above and below that line. Messy chart. Pays a 6% dividend. Not high risk. Good buy if you want to diversify your portfolio. Put a pretty tight stop around $43, and just hold. Pretty safe on the downside right now, but upside is also limited.
WEAK BUY
It is a high yielder at more than 6%. The dividend is safe but you won't see much growth in it. You have to pick your spot and EMB-T has behaved less well than others in the space. He would focus on where you get the best dividend growth going forward. They are great operators.
DON'T BUY
It'll struggle in the next few years. He's been a fan of this in the past. Their growth is tethered to line 3, which suffers one problem after another. True, you'll get paid the nice, safe dividend, but don't put new money here. Pembina is better.
WATCH
The stock's uptrend has recently broken down. He likes the longer term up channel that has formed since early 2018 with higher significant lows, but thinks it may take time before it regains its momentum to the upside. The TMX announcement later today may impact the share price significantly.
TOP PICK
There is friction with two US projects, but it is noise in the current environment. They have consistently raised their dividends. You can buy this today with a 6.5% yield and they will be in a position to continue increasing it over the next few years at least. If we had a better environment in Canada for pipelines it would boost this one as well as the other pipelines. (Analysts’ price target is $55.09)
BUY ON WEAKNESS
$45.27 is his model price, and it's close to this. He would buy at $41.
PAST TOP PICK
(A Top Pick Apr 13/18, Up 24%) Reality is that the pipeline infrastructure is full. Toll booth business. Reasonable rate of return. Not expecting a huge amount of growth, but it will be incremental going forward.
BUY
With the pullback it is yielding 6% and now is a good time to enter. The company still thinks they can get Line 3 in place by late 2020. The growing regulatory process is challenging on both sides of the border -- especially for an existing line. The work has already been approved, but eventually this will be completed. Now is a good time to buy for an income stock.
HOLD
Is $50 an important level? The news yesterday by the US state denying them approval was over blown, he thinks. Shipping by rail is not a safer alternative. This is a good income play, not really a share appreciation play. He does not it expect a move above $50 would signal a rocket up to $70. The dividend is safe. A slow and steady name.
HOLD
Not too concerned about the dividend. Pipelines are monopolies, and ENB is a primary beneficiary of not building new pipelines. No matter what, it will get a lot of mileage and a lot of money.
HOLD
This is a solid company. Will be increasing flow rates on their major pipelines. This is a well run company. If you own it, he would hold it. Or would buy on weakness.
BUY
Does it matter if you buy it on the Canadian or US dollars? - The price is the same and if the currency moves is a wash. It is simple for your taxes to buy it in CAD if you are Canadian resident. The need fro the pipelines is there. Has a lot of debt. You make 6% dividend and 5% - 10% appreciation. A decent play with not a lot of risk.
STRONG BUY

He really likes it. He created ENS-T, which is a leveraged version of ENB-T. Enbridge is one of his biggest holdings at his firm because of its dividend and stability. In a recession it should not be as volatile as it was in past recessions.

HOLD
It's a hold. Interest rate sensitives have done well. Line 3 pushed back is an issue. Dividend may need to be cut back a bit. Existing pipelines have become more valuable. Moving from fee-based to take or pay, so this increases value for shareholders.
PAST TOP PICK
(A Top Pick Apr 26/18, Up 40%) He liked the 7.5% yield at the time. He continues to hold it and sees further runway ahead. Yield 6%
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