Opinions Steve DiGregorio
Enbridge Income Fund HoldingsENF.TOCOMMENTSep 11, 2015
$31.95
Stock price when the opinion was issued
$31.88
As of Nov 10, 2018. Market Open.
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(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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(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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This business has been transformed recently. Enbridge (ENB-T) has dropped down a lot of assets to this income fund. The strategy going forward is that this income fund will be a yielding vehicle, and you will get a little more growth out of Enbridge the parent. It is going to use the equity in this company to fund Enbridge growth. You are looking at a very stable yield, high quality assets, which are very sensitive to commodity prices, but more sensitive to volume. A very conservative yield well covered. If you are looking for solid yield going forward, this is the place to get it. He is looking for better growth on the Enbridge side.