TSE:ENB

Enbridge (ENB.TO)

67.37
+0.18 (0.27%)
as of Oct 23, 2026, 8:00:00 pm Market Closed.
2696 watching
0
HOLD
Nat Gas: He doesn’t see good things for it. ENB has a valuation problem. Great dividend but he can’t see himself buying it at these levels.
BUY ON WEAKNESS
Consensus target price is $40.38 giving a modest 4.4% gain. With the yield of 2.9% you have a gain of 7.9%. Would prefer an entry point of around $37-$37.50. Likes long-term and what it is doing.8
BUY
Has been a very solid performer, especially through last year. Fine company with good growth prospects going out to 2015. Management has reiterated their objective of growing their earnings by at least 10% during that period. Good dividend yield.
TOP PICK
Over the last 15 years or so, it's earnings have grown at 12%, dividends have grown at 12%, assets have grown at 12% and its debt has grown at 12%. They just keep chugging along. Really well run. If they do in the next 5 years what they have done in the past and the stock doesn't move, it will be yielding 6%.
COMMENT
Yield has slipped and gotten below 3%, which sort of moves it from an income category to a growth/income category.. Last results were not exciting. He would like to see the stock lower so the yield is back up closer to 3.5%.
DON'T BUY
Management had done a fantastic job but bulk of company is still a utility operation. Trading for 22x 2012 earnings. Will raise dividend again. Wouldn’t go near it. It’s hard to see them doing much better, dividend is only 2.9%.
HOLD
Gives you a nice dividend. There is 8%-10% earnings growth but it’s done very well. (See Top Picks.)
TOP PICK
Chart shows a strong uptrend from early 2009. Feels that with the Keystone problems, this is going to be a net beneficiary.
COMMENT
This company is in the sweet spot. Transports oilsands. Has been one of the best performing stocks in the last year. Does incredibly well when interest rates are low or dropping. Great return on equity.
DON'T BUY
He would not be buying this stock right here. Thinks the dividend chasers have bid up the stock. Has a great track record of dividends but he is focused on valuations. Is it worth paying 20X earnings? He thinks not. He thinks he can get better valuations for companies at 10-11 times earnings with half the dividend and more dividend growth.
HOLD
Great company and he has been buying it along the way here. If you like oil exposure it is a great company to own – pipeline, strong, steady cash flows. Growth profile is strong (10% growth through to 2015) due to cap-x spending. Just increased its dividend. Good solid management team. It’s hard to convince investors to get in at this level because it has had such a good run.
BUY
Pipelines are the best performing part of the market. There has been a dramatic shift in technology in drilling for oil and gas. As a result, North America has an oil/gas boom going on. Looking at the production that is going to come out over the next 10 years, the production profile ramps over the next 7-8 years. The people who are in the way of that volume are going to do a lot more business.
BUY
One of those steady growing stocks with consistent dividend growth year in and year out. Have a 10 year growth plan that beats most technology companies. A great name to having a portfolio. Yield of 3%,
PAST TOP PICK
(A Top Pick Nov 26/10. Up 37.36%.)
COMMENT
Pipeline sector has been one of the best performers on the TSX simply because of bond refugees looking for yield. All the pipelines have a nice history of dividends and increasing their dividends. Pipelines, utilities and the telcos might be viewed as overbought. They're trading at a PE multiples that we normally don't see. They have higher PE multiples than their growth would justify. When interest rates rise, (2013 and on) the bond refugees will sell their stocks and go back to bonds.
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