Enbridge (ENB-T)

Owns a serious position. Happy that shares have returned to all-time highs after capital projects are now online as they raised the dividend. The only potential impact of tariffs would be spot volumes on the mainline flowing into the US. Would be minor pain. And we don't know how long tariffs will last. Cooler heads will prevails, especially in energy which are so integrated between Canada and the US.

Pipelines are working. A place to hide if he's correct about where we are in the cycle, especially in terms of inflation. As for tariffs, they just raise the price level and the consumer ultimately pays it. Chart looks awesome, let it run and collect your dividend.

Only hiccup on the horizon, if crude and nat gas start to pick up, might see portfolio managers rotate out of pipelines and into more aggressive names.

Does not own shares. Balance sheet includes a lot of debt - which is a concern. 2% debt is going to renew at 6% soon - very concerning. Also unsure how tariffs will impact the company. Too many unknowns to justify investment at this time. 

Loves the dividend, which was increased. De-risked funding plan. Wouldn't buy more at these levels, doesn't see all that much growth from here. Kind of expensive at 17-18x. 

KEY works better from here, and PPL slightly better. Lightening up on TRP to diversify makes sense, as long as you aren't paying capital gains tax and it's in a registered account.

Doesn't own either one. Likes the business, and would favour it over PPL. ENB is bigger and attracts a wider audience, plus a broader and better portfolio. Oil, nat gas, and growing renewables. Sector not subject to technological disruption or product obsolescence. Stable, can grow dividends. He owns TRP.

He owns a large position and likes the pipelines. Don't fight the trend--the chart reflects a sharp uptrend. Over 10 years, the chart is approaching a high last seen 10 years ago, so that's resistance from a long time ago and those shareholders likely sold their positions already and won't sell now.

Looked weak fundamentally, but technicals overcame that. 200-day MA is pushing higher, 200-week averages are sort of flat but moving higher. Hold, with the yield close to 6%. Not a high-growth name, 7-8% earnings growth rate.

His like for ENG has nothing to do with Trump, but rather his belief that natural gas is the bridge solution to renewable energy. The volume of nat gas will jump a lot in North America, because a lot of industry is coming back to North America, because the cost of energy is cheap here compared to Europe and Japan. ENG is in the catbird seat, given their huge position in nat gas in Canada and the US. Canada's first LNG terminal is now online. Pays a great dividend. Lower interest rates will help.

At 22X earnings, it is on the 'expensive' side of things, but is still likely attractive to most for its 6% dividend, considering the rate picture in Canada. We would not consider it a SELL, but in the $66+ range we might look at it as source of cash if an investor wanted to move to a more growth-focused company. But we continue to like it overall, and would consider it a 'safe' name in a market correction. But we would certainly not expect another 36% gain as we saw last year.
Unlock Premium - Try 5i Free

Business has very strong dividend yield. No need to write covered calls (steady income). Is the best midstream company in Canada. Also has regulated utility aspect to earnings which is robust as well. 

Pays an attractive dividend and is a growing business. Re: Trump administration: he predicts that the US will resist shunning Canadian oil. Ontario's Premier Ford has pushed back against Trump. We may find that Enbridge has more power than most realize. Don't worry about tariffs. Great company. Collect the dividend.

Last year, sold off on sensitivity to interest rates. Rallied on the reversal of that. Cashflows are very stable and durable. Increasing dividends. He likes to buy around 10x cashflow, and this is just north of that. Hold, and wait for a pullback to add to your position. Yield currently 6.4%.

It has run up a lot along with the pipelines and has returned to its normal valuation so it could be time to take profits. It swings around a lot so you could be further ahead if you successfully trade the stock.

Canadian banks are probably the better pick. But you could do worse than to invest in ENB, a pretty good company. Got overleveraged, and had to clean up. Leading oil pipeline business, with new gas acquisitions. Pretty good line of sight to high single-digit total return. Dividend growth of Canadian banks will probably edge it out, with their better secular growth prospects.

He owns another pipeline, TRP.