
TSE:ENB
Sold about half his holdings last week when it started to drop. Chart shows a long upward trend line, which seems to be holding. There is support at around the $43 level and if this holds, he would want to increase his position again. Risk/reward at $43 is pretty good but you might be stuck in this band. This is one you want to look at very seriously at around the $43 mark.
Has been one of the strongest growers for years. Valuation is high but this is the right time to be in a name like this. Everything else is too speculative. Has $27 billion in projects that it is going to actualize on in the next 4-5 years which will drive the growth of over 10% in earnings over the next 5 years and beyond. Modest yield of just under 3%.
(A Top Pick June 12/12. Up 15.3%.) Would definitely buy at this price. Very good earnings growth visibility of 10%-12% over the next 4 years. Also expects dividends to grow in line if not stronger.