Opinions David Baskin
Enbridge Income Fund HoldingsENF.TOCOMMENTSep 22, 2014
David BaskinUnknown
$30.97
Stock price when the opinion was issued
$31.88
As of Nov 10, 2018. Market Open.
oilgas
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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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Just acquired $1.7 billion from Enbridge (ENB-T), so they are going to have to raise money. His guess is that there will be some common and preferred shares coming out. One of the great things for a company like this is that the cost of making acquisitions is at an all-time low, because there is so much money available from institutional investors who are seeking yield. Feels the deal is probably constructive for holders. A solid income producer.