Opinions Greg Newman
Enbridge Income Fund HoldingsENF.TOCOMMENTSep 23, 2016
Greg NewmanUnknown
$33.43
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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(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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(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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What was bad that in Q2 they stumbled a little from all the fires, but they are recovering. He sees real nice growth here, and is modelling 10% growth being brought down from the parent, each and every year over the next couple of years. The nice thing is that it is really cheap relative to its peers. Trading at around 13.1X 2017 estimates versus others at around 21 or 22. This is a good one.