Opinions Michele Robitaille
Enbridge Income Fund HoldingsENF.TOCOMMENTFeb 07, 2014
$24.93
Stock price when the opinion was issued
$31.88
As of Nov 10, 2018. Market Open.
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PAST TOP PICK
(A Top Pick Apr 19/18, Up 17%) He's not sure why ENB split the ENF out and ENF traded at a discount to ENB which yielded more and was cheaper than ENB. That's why he chose ENF. ENG bought it in the end.
Ross HealyOwned
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PAST TOP PICK
(A Top Pick Jan 19/18, Up 10%) This is now absorbed into the Enbridge parent company. It was cheaper than the ENB-T at the time.
Ross HealyOwned
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PAST TOP PICK
(A Top Pick Dec 11/17, Up 12%) They'll raise their big dividend. You're buying at the bottom now, but be patient for it to rise.
Bruce MurrayOwned
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PAST TOP PICK
(A Top Pick December 11/17 - Up 8%.) 15% up including the dividend. Given the shortage of capacity the demand for its assets are very strong. It’s going to be consolidated with the main company and this is going to disappear, and you will get a share of Enbridge (ENB).
Bruce MurrayOwned
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COMMENT
COMMENT
Enbridge wants to buy ENF to simplify their corporate structure. In the States, Enbridge offered a small premium, while in Canada, they offered a premium. He suspects the directors of ENF-T are waiting for a higher premium (or that's what he would do). Pays a higher yield than Enbridge Inc. but lacks the dividend growth potential.
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Well-positioned as a drop-down vehicle for Enbridge (ENB-T), providing a finance vehicle. For fund holders, it provides a continuing growing growth cash flow stream. This fund is well-positioned. One caveat is that they own about 50% of the Alliance Pipeline and there is little bit of recontracting risk coming up in 2015. Feels they have enough of their assets that they can probably work through that. Yield of 5.5%.