Enbridge | StockChase
909
Enbridge (ENB-T)

Last Price Recorded: $41.4500 on 2018-05-19

ON STOCKCHASE SINCE Oct 2000

See also Westcoast & Transcanada

oil/gas pipelines
909
Enbridge (ENB-T)

Last Price Recorded: $41.4500 on 2018-05-19

ON STOCKCHASE SINCE Oct 2000

See also Westcoast & Transcanada

oil/gas pipelines

Enbridge


Signal Opinion Expert
PAST TOP PICK
Enbridge(ENB-T) 

May 16, 2018

(Past Top Pick on July 12, 2017, Down 14%)  They've endured a perfect storm: rising interest rates; high debt,; Ottawa disallowed a key tax deduction; and delays on their flagship line 3 expansion running through Minnesota. But he's hopeful. They posted a good qaurter and believes Minnesota will greenlight line 3. This is an epic buying opportunity.

oil/gas pipelines

(Past Top Pick on July 12, 2017, Down 14%)  They've endured a perfect storm: rising interest rates; high debt,; Ottawa disallowed a key tax deduction; and delays on their flagship line 3 expansion running through Minnesota. But he's hopeful. They posted a good qaurter and believes Minnesota will greenlight line 3. This is an epic buying opportunity.

oil/gas pipelines
Brian Madden

Senior VP & Portfolio Manager, Goodreid Investment ...

PricePrice
$41.800
Owned Owned
Yes

DON'T BUY
Enbridge(ENB-T) 

May 15, 2018

In the U.S., changes in tax law for MLP’s hurt Enbridge’s ability to drop down assets into a more beneficial tax rate. In Canada, the problems of building new pipelines conflict with Enbridge’s planned future infrastructure projects. He is not worried about the dividend yield. The business would have to get a lot worse before it cuts the dividend. However, if the yield gets up to 7%, which will happen if the stock drops another 10%, he thinks the company will have to look at its yield.

oil/gas pipelines

In the U.S., changes in tax law for MLP’s hurt Enbridge’s ability to drop down assets into a more beneficial tax rate. In Canada, the problems of building new pipelines conflict with Enbridge’s planned future infrastructure projects. He is not worried about the dividend yield. The business would have to get a lot worse before it cuts the dividend. However, if the yield gets up to 7%, which will happen if the stock drops another 10%, he thinks the company will have to look at its yield.

oil/gas pipelines
James Hodgins

Chief Investment Officer, Curvature Hedge Stra...

PricePrice
$42.520
Owned Owned
No

PAST TOP PICK
Enbridge(ENB-T) 

May 11, 2018

(A Top Pick March 1/18 - Up 5%.)  He really likes it. Still one of his top picks. They have been pounding the table about this name. Double down on their position around mid-November. 

oil/gas pipelines

(A Top Pick March 1/18 - Up 5%.)  He really likes it. Still one of his top picks. They have been pounding the table about this name. Double down on their position around mid-November. 

oil/gas pipelines
Bryden Teich

Portfolio Manager, Avenue Investment Ma...

PricePrice
$43.140
Owned Owned
Yes

TOP PICK
Enbridge(ENB-T) 

May 11, 2018

Just reported strong earnings. All the negative headlines are fully on the stock. They are putting 50-year assets in the ground. Yield 6.2%. (Analysts’ price target is $52.12)

oil/gas pipelines

Just reported strong earnings. All the negative headlines are fully on the stock. They are putting 50-year assets in the ground. Yield 6.2%. (Analysts’ price target is $52.12)

oil/gas pipelines
Bryden Teich

Portfolio Manager, Avenue Investment Ma...

PricePrice
$43.140
Owned Owned
Yes

COMMENT
Enbridge(ENB-T) 

May 8, 2018

The dividend is safe. The overhang is the Line 3 expansion awaiting final approval from Minnesota, expected mid-2018. The company is confident, and has gotten approvals elsehwere. If this happens, it will be a definite
catalyst. You can buy a half-position now and see if the decision is positive.

oil/gas pipelines

The dividend is safe. The overhang is the Line 3 expansion awaiting final approval from Minnesota, expected mid-2018. The company is confident, and has gotten approvals elsehwere. If this happens, it will be a definite
catalyst. You can buy a half-position now and see if the decision is positive.

oil/gas pipelines
Christine Poole

CEO & Managing Director, GlobeInvest Capital ...

PricePrice
$40.410
Owned Owned
Yes

DON'T BUY
Enbridge(ENB-T) 

May 7, 2018

He has been negative on the pipelines for a number of years because they took on a lot of debt and increase the dividend only by increasing the payout ratio.  He is not ready to step into it here.  Rising interest rates will continue to put pressure on the sector.  They need to use cash flow to reduce debt to be more sustainable.

oil/gas pipelines

He has been negative on the pipelines for a number of years because they took on a lot of debt and increase the dividend only by increasing the payout ratio.  He is not ready to step into it here.  Rising interest rates will continue to put pressure on the sector.  They need to use cash flow to reduce debt to be more sustainable.

oil/gas pipelines
Lorne Steinberg

President & Portfolio Manager, Lorne Steinberg Weal...

PricePrice
$40.700
Owned Owned
Unknown

COMMENT
Enbridge(ENB-T) 

May 7, 2018

What's the relationship between Enbridge and its Income Fund? It's complex. Enbridge owns 90% of the Fund which traditionally trades at a higher multiple. The board will clean up the structure. The equity issues at the fund level will ultimately roll up into Enbridge. It's basically two different ways for them to issue capital for two different purposes. 

oil/gas pipelines

What's the relationship between Enbridge and its Income Fund? It's complex. Enbridge owns 90% of the Fund which traditionally trades at a higher multiple. The board will clean up the structure. The equity issues at the fund level will ultimately roll up into Enbridge. It's basically two different ways for them to issue capital for two different purposes. 

oil/gas pipelines
Ryan Bushell

President, Newhaven Asset Manag...

PricePrice
$40.700
Owned Owned
Unknown

PAST TOP PICK
Enbridge(ENB-T) 

May 3, 2018

(A Top Pick June 16/17 -  Down 22.7%)  Chose it for better growth than its peers and a better valuation on a free cash yield. 2017 was messy with production outages and balance sheet concerns and lately with opposition to their line 3. Kind of a perfect storm here. Still believe they are growing earnings by 12% a year. The balance sheet is high, but they have non-core assets that they can sell. 

oil/gas pipelines

(A Top Pick June 16/17 -  Down 22.7%)  Chose it for better growth than its peers and a better valuation on a free cash yield. 2017 was messy with production outages and balance sheet concerns and lately with opposition to their line 3. Kind of a perfect storm here. Still believe they are growing earnings by 12% a year. The balance sheet is high, but they have non-core assets that they can sell. 

oil/gas pipelines
Greg Newman

Director & Portfolio Manager, Scotia Wealth Manage...

PricePrice
$39.750
Owned Owned
Yes

DON'T BUY
Enbridge(ENB-T) 

May 2, 2018

Last year's acquisition because it stretched their balance sheet.  They're nowhere close to funding their dividend which they should cut. They lack organic growth and have regulatory concerns.  

oil/gas pipelines

Last year's acquisition because it stretched their balance sheet.  They're nowhere close to funding their dividend which they should cut. They lack organic growth and have regulatory concerns.  

oil/gas pipelines
John Zechner

Chairman, J. Zechner & Assoc...

PricePrice
$39.510
Owned Owned
No

WATCH
Enbridge(ENB-T) 

April 30, 2018

He is watching this one because it has tested a late 2015 low.  He thinks this might dip to $36 on a panic.  He wonders if it is slowly getting some traction.  He would like to buy at $36 unless it goes below that.

oil/gas pipelines

He is watching this one because it has tested a late 2015 low.  He thinks this might dip to $36 on a panic.  He wonders if it is slowly getting some traction.  He would like to buy at $36 unless it goes below that.

oil/gas pipelines
Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc....

PricePrice
$38.890
Owned Owned
No

TOP PICK
Enbridge(ENB-T) 

April 26, 2018

He thinks it will turn around.  The dividend of 7% is safe.  This looks good in this low interest rate world.  There has been a litany of band news but long term holders don't need to sell it.  It is an easy stock to pick on.  (Analysts’ target: $50.78).

oil/gas pipelines

He thinks it will turn around.  The dividend of 7% is safe.  This looks good in this low interest rate world.  There has been a litany of band news but long term holders don't need to sell it.  It is an easy stock to pick on.  (Analysts’ target: $50.78).

oil/gas pipelines
Lyle Stein

Sr. Portfolio & Managing Director, Vestcap Investment M...

PricePrice
$37.920
Owned Owned
Yes

BUY
Enbridge(ENB-T) 

April 26, 2018

They own the name and he would buy it here. Dividend yield is high. The value of their assets is very good. They are facing some issues with taxes in the US. The stock is under a lot of pressure for this and other issues. Looks very cheap.

oil/gas pipelines

They own the name and he would buy it here. Dividend yield is high. The value of their assets is very good. They are facing some issues with taxes in the US. The stock is under a lot of pressure for this and other issues. Looks very cheap.

oil/gas pipelines
Paul Harris, CFA

Portfolio Manager and Partner, Avenue Investment Ma...

PricePrice
$37.920
Owned Owned
Yes

BUY on WEAKNESS
Enbridge(ENB-T) 

April 25, 2018

This stock is going to $32.  His model price is $36.66.  People previously bought it for yield and now the stock is over-valued.  As interest rates increase, it has to fall in value.  Anything to do with pipelines is radioactive. 

oil/gas pipelines

This stock is going to $32.  His model price is $36.66.  People previously bought it for yield and now the stock is over-valued.  As interest rates increase, it has to fall in value.  Anything to do with pipelines is radioactive. 

oil/gas pipelines
Brian Acker, CA

Chief Executive Officer, President and Chief Inves, Acker Finley Inc....

PricePrice
$37.590
Owned Owned
No

DON'T BUY
Enbridge(ENB-T) 

April 24, 2018

He follows this closely. It started to break down a while back. The energy market has hit a pipeline roadblock. ENB is overleveraged: $65 billion of debt is overweighing their market cap. He's waiting until they clean up their balance sheet. It's now trading at 52-week lows. Maybe hold this, but honestly he would have sold it by now.

oil/gas pipelines

He follows this closely. It started to break down a while back. The energy market has hit a pipeline roadblock. ENB is overleveraged: $65 billion of debt is overweighing their market cap. He's waiting until they clean up their balance sheet. It's now trading at 52-week lows. Maybe hold this, but honestly he would have sold it by now.

oil/gas pipelines
James Telfser

Partner & Portfolio Manager, Aventine Management ...

PricePrice
$37.680
Owned Owned
No

DON'T BUY
Enbridge(ENB-T) 

April 23, 2018

If you buy it for a lift and the market rebounds, it might rebound a bit.  Longer term, they have a whack of debt.  It is a well managed company and he is sure they are all over it and know how to roll the debt, but the market just looks at heavy debt and asks if it really cares.  'When in doubt, stay out.'

oil/gas pipelines

If you buy it for a lift and the market rebounds, it might rebound a bit.  Longer term, they have a whack of debt.  It is a well managed company and he is sure they are all over it and know how to roll the debt, but the market just looks at heavy debt and asks if it really cares.  'When in doubt, stay out.'

oil/gas pipelines
Rick Stuchberry

Portfolio Manager, Wellington-Altus Pri...

PricePrice
$39.820
Owned Owned
Unknown

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1 Comment

javar88@yahoo.ca

November 15th 2017 at 7:08pm

ENB - one of the great TSX based companies !


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