TSE:ENB
Enbridge (ENB.TO)
65.77
-0.38 (0.57%)
as of Oct 1, 2026, 8:00:00 pm Market Open.
2696 watching
Financials 
Technical Analysis 0
BUY
They held it for a couple of years. She would buy now. They decided to sell assets to deleverage their balance sheet. Attractive yield of 6.4% and it is going to grow. All the pipeline got hit with the pullback on the energy price of collapsed even though their business model is very different to the producers.
oilgas pipelines
TOP PICK
His favorite Canadian pick. They have cleaned up the corporate structure and likes the 10% dividend growth. They have over $7 billion in asset sales and this helps reduce leverage. It trades at a discount to its peer group. Line 3 will start filling in June and the US side will fill later this year.
This should be a high-$50 stock. Yield 6.5%. (Analysts’ price target is $53.86)
Dennis da SilvaOwned
oilgas pipelines
HOLD
Growth or stagnate? Stagnate is the best word. The yield is above 6%, so it's a good stock to hold from an income or dividend growth perspective. Wouldn't have a lot of capital gain expectations. May top up to $46, but not higher in next 3-4 months. Lots of headwinds above the $46-47 level. Support around $41-42.
oilgas pipelines
PAST TOP PICK
(A Top Pick Dec 01/17, Down 7%) It has bounced off its lows. It has a solid dividend that they raised recently and will again next year. It got oversold from fears they would take on too much debt. It is a pretty cheap stock. He likes it and owns it. It survived this market carnage despite having a debt overhang. It is an oligopoly. The bulk of their assets sit in the US.
Lyle SteinOwned
oilgas pipelines
BUY
The valuation has become a lot more attractive. They did consolidation of ancillary operations and sold off assets to get the debt down. The valuation is reasonable and they are positioned for growth now.
John ZechnerOwned
oilgas pipelines
BUY
Likes it. It was a growth stock earlier this decade, but has been rocky the past few years due to huge growth (heavy acquisitions). They've simplified their corporate structure which has pleased the street. They'll grow their dividend 10% in the news two years. He'll buy more at these prices. Quality company.
Jamie Murray Owned
oilgas pipelines
HOLD
Owns it in his income platform, not the equity platform which is more growth. Buys stuff that pays a good dividend, and looks to be basing. Trapped in a bit of a zone. Could go down if things get really bad, but it looks like a sideways stock. A good buy-and-hold income stock. Yield is 7%.
Keith RichardsOwned
oilgas pipelines
PAST TOP PICK
(A Top Pick Dec 28/17, Down 7%) He bought more in the spring when it was down. It is down in line with the Canadian market. He thinks it is a good company to own long term.
Norman LevineOwned
oilgas pipelines
COMMENT
How does a dividend effect tech analysis? Tech analysis encompasses all knowledge. He marries it with fundamentals and seasonality. The dividend is reflected (asorbed) in the price of a stock. $48.59 was a breakdown in January, and will be a resistance going forward. The next level down is $40.30 where he expects support. $38 is the next level down. It'll trade in the $38-40 range.
oilgas pipelines
DON'T BUY
It is not one he owns or sees a lot of opportunity in. Most investors stop doing due diligence after they see the dividend yield. You lose more on the back end than you make on the dividend. We need more pipelines to be built for them to grow their top line. He stays away because he cannot see where future growth comes from.
oilgas pipelines
DON'T BUY
A company that is an investment banker's Christmas present everyday. They pursued a growth story and sold off assets to finance that growth. A lousy performer. They have destroyed value by boosting dividend. Maybe they turn the whole thing around. Other than financial engineering there is no reason to own this company. Lousy balance sheet. They have grown so much and portfolio managers own so much of it, they need to find new investors and he doesn't think they will find new investors.
oilgas pipelines
PAST TOP PICK
(A Top Pick Dec 12/17, Down 8%) They did what they promised: completed $7 billion in asset sales, and de-levering their balance sheet, post-Spectra deal, and simplifying their corporate structure. They'll grow their dividend 10% annually to 2020. They have a backlog of projects to support this growth. Payout ratio is 60%. The stock is attractively priced now. Line 3 pipeline should come on in late-2019.
Christine PooleOwned
oilgas pipelines
TOP PICK
One of the leaders in transportating and generating energy in Canada. Good contracted cash flow going forward. They should be increasing dividends in years to come. Also. they're simplifying their corporate structure. Pays over 6% dividend. Well-managed and likes it a lot. (Analysts’ price target is $54.36)
Michael SprungOwned
oilgas pipelines
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