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
RISKY
Their last earnings was a beat. Line 3 construction schedule has more flexibility than he thought. Shovels have to be on the ground by June. The name is cheap at 10.5 times 2020 FCF. The only thing is if Line 3 doesn't go through. A year ago he would have said that yes but there is so much opposition. If it does, the stock goes meaningfully higher.
DON'T BUY
Have to do your homework on the DRIP. Doesn't own it because of the debt load, unlike TransCanada. Stock going sideways because need more positive information coming out, such as pipeline approved and debt is being paid down. Otherwise, affects credit rating.
BUY
All the pipelines corrected as there was a fear of rising rates. Earlier this year it became not a short. A long term investor can hold this. Their payout ratio is a little stretched. It is not the cheapest company. But you can't go wrong long term.
STRONG BUY
She likes the company and thinks it has executed their strategy to sell off non-core assets. They streamlined their corporate structure and Line 3 is moving forward. This will add to earnings and cash flow and think the dividend can continue to grow until 2020. She would be buying here. Yield 6.2%
BUY ON WEAKNESS
He is cool on them right now. Back in December he saw targets around $40. He would love to see a pullback to $32 to buy it.
BUY
It has been really good at executing within their industry. They have strong metrics that they judge their operations against. They have grown their dividend over time. We are seeing a reflation in the economy and we need a rising stream of dividends going forward, which this has.
PAST TOP PICK
(A Top Pick Jan 22/18, Up 4%) Nice recovery. Line 3 is coming, so it has some pipeline growth. Earnings growth of 7-10% for each of next 5 years, and dividend increases of 7-10% for each of those years. And that's exactly what you want, so higher rates are not eating into the yield. Cheap valuation.
TOP PICK
Management did everything they said they would do. Institutional money is coming back into the name. The pipelines are full and they have growing earnings and dividends. The dividend is more than 6%. (Analysts’ price target is $54.59)
TOP PICK
Their line 3 replacement program is the first big increase in oil pipeline capacity in Canada that's supposed to happen in late-2019. Pays over a 5% dividend. (Analysts’ price target is $54.49)
COMMENT
Pessimism on this was overdone. Sustainable dividend and could even rise. They have a lot of debt, but interest rates likely won't rise as much. Surprised to see the stock price come back.
BUY
Is the dividend safe? He owns this and would be recommending to buy at these levels. He likes the outlook for the company, which has gone into a offensive mode now that it has unwound the recent acquisition to extract the best value and is moving toward the completion of Line 3. The dividend is safe and will grow. Most of its debt is long term bonds or preferred shares that are not too sensitive to rising interest rates. As regulated entity it is allowed a regulated rate of return on any debt it takes on. Yield 6%.
BUY
Had too much debt a year ago, but they've made asset sales and made progress with line 3. He sees 7% EPS growth, trading at 16x. 61% payout ratio, so a safe dividend that will likely grow. Only issue is their growth isn't as high as before. Not cheap at 16x earnings. Middling value though a quality name.
BUY
Will buy more later. Likes their cash flow. $52 target unless there's a liquidity crisis when pension funds suddenly sell.
BUY
Huge recovery so far this year. Line 3 continues to see positive results in hearings, but there are still hearings. They increased the dividend 10%. He's been a long-term holder and continues to add. He likes the dividend growth compounded, the income stream.
BUY
Likes this company, well managed. Doing a lot to make balance sheet understandable. Good future. Billions of dollars of build scheduled over next few years, which will add to cash flow. Target of growing dividend consistently, and he thinks they'll succeed. Wouldn't hesitate to buy.
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