
TSE:ENB
When you can buy this under $40, you should step in and buy a whole bunch. Recently reiterated that earnings per share growth out to 2015 will accelerate from 10% annually to 12% annually. Just announced another pipeline expansion between Edmonton and Hardesty, a $1.8 billion transaction, which adds to their commercially secure pipeline. Attractive dividend.
Caller owns this in a registered fund and is contemplating selling it and buying it back on the US side because of the currency differences. If the US$ picks back up he would profit. Strategy is good. The financial institutions that hold registered funds usually take pretty big spreads on conversion features. Also, you should be aware that this company is priced pretty rich. Good company. You might consider buying a US stock as many of them have pretty good dividend yields that are in excess of this company’s.
(A Top Pick Dec 9/11. Up 18.01%.) Has reduced his position at levels over $40. He can really see problems with the Northern Gateway. They have laid out a program of growth that he is impressed with.