Opinions William Chin
Enbridge Income Fund HoldingsENF.TODON'T BUYDec 29, 2017
William ChinUnknown
$29.81
Stock price when the opinion was issued
$31.88
As of Nov 10, 2018. Market Open.
oilgas
It's the ideal tool to help you make quicker, more informed decisions for managing and tracking your investments.
You might be interested:
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
oilgas
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
oilgas
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
oilgas
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
oilgas
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.
oilgas
The parent company Enbridge (ENB-T) has a lot of debt. They are in pipelines which is a tough business because of environmental concerns. This stock, the Enbridge Income Fund is a subordinate to the parent. The chart shows the stock, over the last 3 years, hasn't done much at all. It is a yield generating stock, but doesn't look like it has any momentum. If anything, there is some slight downside risk. He would avoid this.