Enbridge (ENB.TO)

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.
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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. 

Pays an attractive dividend and is a growing business. Re: Trump administration: he predicts that the US will resist shunning Canadian oil. Ontario's Premier Ford has pushed back against Trump. We may find that Enbridge has more power than most realize. Don't worry about tariffs. Great company. Collect the dividend.

Last year, sold off on sensitivity to interest rates. Rallied on the reversal of that. Cashflows are very stable and durable. Increasing dividends. He likes to buy around 10x cashflow, and this is just north of that. Hold, and wait for a pullback to add to your position. Yield currently 6.4%.

It has run up a lot along with the pipelines and has returned to its normal valuation so it could be time to take profits. It swings around a lot so you could be further ahead if you successfully trade the stock.

Canadian banks are probably the better pick. But you could do worse than to invest in ENB, a pretty good company. Got overleveraged, and had to clean up. Leading oil pipeline business, with new gas acquisitions. Pretty good line of sight to high single-digit total return. Dividend growth of Canadian banks will probably edge it out, with their better secular growth prospects.

He owns another pipeline, TRP.

Accelerated this year, and has broken out to new highs. Benefits from falling interest rates. 

He looks at capex programs going forward and how much they're investing in infrastructure. More infrastructure means more cashflow and, hopefully, more dividend increases.

Particularly well positioned to meet growing demand for energy needed for AI, data centres, and LNG. Industrial demand is also growing. $27B capital program planned, spending $8-9B a year. Increasing infrastructure, which increases cashflow. Yield is 6.1%, expects consistent dividend increases.

Will continue to do well, interest rates coming down will help a lot. Will continue to pursue deals in the US. Great dividend and business. Trump coming in reinforces the oil & gas business.

Dividend payers can be more interest-rate sensitive. Believes it's in his income strategy. Good chart, moving up. Broken out from old highs of 2022, and might deserve a pause. Even so, probably looking at higher highs and higher lows.

Excellent asset base - very had to replicate. Consistent dividend increases. Cheap valuation given cash flow abilities. Company will perform well regardless of economy. Has a long history of quality dividends. Portfolio of growth projects for the next 5 years. 

A Canadian dividend giant that rated higher. This used to languish around $35 and is now testing $60. It's re-rated. Happy to own this.

Good and stable dividend, and the growth looks as though it can reaccelerate. Balance sheet in pretty good shape. Opportunity for repricing some tolls, which could act as an inflation hedge.