Enbridge (ENB.TO)

The mid-streamers should be less sensitive to tariffs - pipelines make money on tolls and service fees. The dividend yield is 6%. It could be range- bound for a while since its valuation is quite high.

Loves the business model. Steady eddy, dependable. Wonderful company for those looking for income. On the face of it tariffs won't affect it, as these are take-or-pay contracts. Essential as the largest oil pipeline in Canada, but one concern is potential company-specific retribution; Line 5, for example, still generates hostility. High valuation, wait for a pullback. 

It enjoys little competition. If you sold the February $62 calls (now $64.60), so if you do nothing between now and Friday, you will get called away. So, you can roll that option: buy back the call that you're short, then sell a new call further into the future to replace it. So, pay $2.65, then roll it out to May, sell the $62 again, and collect $3.15.

Mid-streamers are less sensitive to US tariffs. Pipelines make money on their tolls, a service fee which faces less impact. Their 6% dividend is attractive, but their PE has returned above 20x. Shares could be rangebound or down in the near term.

Owns a serious position. Happy that shares have returned to all-time highs after capital projects are now online as they raised the dividend. The only potential impact of tariffs would be spot volumes on the mainline flowing into the US. Would be minor pain. And we don't know how long tariffs will last. Cooler heads will prevails, especially in energy which are so integrated between Canada and the US.

Pipelines are working. A place to hide if he's correct about where we are in the cycle, especially in terms of inflation. As for tariffs, they just raise the price level and the consumer ultimately pays it. Chart looks awesome, let it run and collect your dividend.

Only hiccup on the horizon, if crude and nat gas start to pick up, might see portfolio managers rotate out of pipelines and into more aggressive names.

Does not own shares. Balance sheet includes a lot of debt - which is a concern. 2% debt is going to renew at 6% soon - very concerning. Also unsure how tariffs will impact the company. Too many unknowns to justify investment at this time. 

Loves the dividend, which was increased. De-risked funding plan. Wouldn't buy more at these levels, doesn't see all that much growth from here. Kind of expensive at 17-18x. 

KEY works better from here, and PPL slightly better. Lightening up on TRP to diversify makes sense, as long as you aren't paying capital gains tax and it's in a registered account.

Doesn't own either one. Likes the business, and would favour it over PPL. ENB is bigger and attracts a wider audience, plus a broader and better portfolio. Oil, nat gas, and growing renewables. Sector not subject to technological disruption or product obsolescence. Stable, can grow dividends. He owns TRP.

He owns a large position and likes the pipelines. Don't fight the trend--the chart reflects a sharp uptrend. Over 10 years, the chart is approaching a high last seen 10 years ago, so that's resistance from a long time ago and those shareholders likely sold their positions already and won't sell now.

Looked weak fundamentally, but technicals overcame that. 200-day MA is pushing higher, 200-week averages are sort of flat but moving higher. Hold, with the yield close to 6%. Not a high-growth name, 7-8% earnings growth rate.

His like for ENG has nothing to do with Trump, but rather his belief that natural gas is the bridge solution to renewable energy. The volume of nat gas will jump a lot in North America, because a lot of industry is coming back to North America, because the cost of energy is cheap here compared to Europe and Japan. ENG is in the catbird seat, given their huge position in nat gas in Canada and the US. Canada's first LNG terminal is now online. Pays a great dividend. Lower interest rates will help.

At 22X earnings, it is on the 'expensive' side of things, but is still likely attractive to most for its 6% dividend, considering the rate picture in Canada. We would not consider it a SELL, but in the $66+ range we might look at it as source of cash if an investor wanted to move to a more growth-focused company. But we continue to like it overall, and would consider it a 'safe' name in a market correction. But we would certainly not expect another 36% gain as we saw last year.
Unlock Premium - Try 5i Free

Business has very strong dividend yield. No need to write covered calls (steady income). Is the best midstream company in Canada. Also has regulated utility aspect to earnings which is robust as well.