Enbridge Income Fund HoldingsENF.TODON'T BUYMar 28, 2016Stock price when the opinion was issued
As of Nov 10, 2018. Market Open.
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.
It is a high growth company and does so by a lot of acquisitions. He would not be particularly interested because it would be a high growth rate for a long period of time. This is not a value investor’s stock.