Enbridge | StockChase
822
Enbridge (ENB-T)

Last Price Recorded: $47.0100 on 2017-11-22

ON STOCKCHASE SINCE Oct 2000

See also Westcoast & Transcanada

oil/gas pipelines

Enbridge


Signal Opinion Expert

2017-11-22

TOP PICK
Enbridge (ENB-T)

They bought the Spectra assets, and the US shareholders looked to unload their shares, and the stock started to move sideways. There is a little concern around their ability to fund projects moving forward, possibly leading to issuing some equity, perhaps sell off some projects, but ultimately they’re guided towards 10%-12% dividend growth through 2024. This is on sale now, and it doesn’t go on sale very often. Dividend yield of 5.2%. (Analysts’ price target is $60.00.)

oil/gas pipelines
Darren Sissons

Vice President and Partner, Campbell Lee & Ross

Price: $47.010
Owned: Yes

2017-11-22

COMMENT
Enbridge (ENB-T)

Has been a poorer performer this year, down about 20% or so. It comes on the heels of making a large acquisition. Up until this year, this was largely an oil based pipeline company. They bought Spectra Energy which diversified them much more into natural gas pipelines. Took on a lot of debt doing it. He doesn’t believe the dividend is in jeopardy, but it is now a “show me” stock. They are having an investor day in a few weeks, where he hopes there will be more information. Yields about 5.5%, the highest yield it has ever had. Believes the dividend is safe. If you are a value investor, you are buying a great company with growing and excellent income at a good price.

oil/gas pipelines
Norman Levine

Managing Director, Portfolio Management Corp

Price: $47.010
Owned: Yes

2017-11-17

COMMENT
Enbridge (ENB-T)

Has been a little frustrating. Despite the slow incline, it has been pretty orderly and not choppy. We are getting close to a place where some interest will come in, but it might have to go a little lower. The action in late 2015 and early 2016 was pretty significant, and we are not that far away from it. You might be in the ballpark right where it is. There might be a 10% risk from now to the downside, which might be a little higher than what he would like. Prefers Inter Pipeline (IPL-T). 

oil/gas pipelines
Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc.

Price: $44.860
Owned: No

2017-11-17

COMMENT
Enbridge (ENB-T)

Trying to get producers to market, and the producers have amalgamated and improved things, but the overall effect is not really helping. A very inventive and innovative company. It’s the most aggressive of the Canadian pipeline companies. 5.5% dividend yield.

oil/gas pipelines
Michael Smedley

Exec VP & Chief Investment Officer, Morgan Meighan & Associates

Price: $44.860
Owned: Yes

2017-11-16

HOLD
Enbridge (ENB-T)

One of the world’s largest pipeline companies, and a leader in North America in oil transportation. A great, long term company. Has a fair bit of growth projects coming at them. Part of the issue is debt. People are worried they are going to have to raise more equity. There is a chance we could see an equity issue in the next year. With that overhang, the stock may just be going sideways. At these levels, it looks like reasonable value, but don’t expect much upward movement until there is more clarity. If you already own this, you are probably safe in just sitting tight. Dividend yield of 5.5%.

oil/gas pipelines
Alex Ruus

Portfolio Manager, Arrow Capital Management

Price: $44.010
Owned: Unknown

2017-11-15

DON'T BUY
Enbridge (ENB-T)

There’ve been negative estimate revisions recently. Ranks 210 out of 700 stocks. Sales were down 39% year-over-year, when they reported on Nov 2. Earnings were down 22%, and estimates have been shaved by 3%. PE is 18X for 2018. Thinks you can find other stocks with rising earnings and free cash flow giving you a better return.

oil/gas pipelines
Robert McWhirter

President, Selective Asset Management

Price: $44.060
Owned: No

2017-11-14

COMMENT
Enbridge (ENB-T)

A stock people want to stick in their portfolios in the hope that the price will gradually go up. In the meantime, they are getting the dividend. It had some performance issues lately and the stock suffered. He would prefer something like Fortis (FTS-T), Canadian Utilities (CU-T), Pembina Pipeline (PPL-T) or Keyera (KEY-T), which have good dividends. Dividend yield of 5.5%.

oil/gas pipelines
David Baskin

President, Baskin Wealth Management

Price: $44.540
Owned: No

2017-11-13

COMMENT
Enbridge (ENB-T)

An energy stock, and energy has gone from $100 down to $50. Pipelines, because of the stability of their business models, tend not to get immediate reaction. They’re expanding their heavy oil pipelines into the US, which is good. The company is heavily indebted and requires contracts. Believes the dividend will be increased. If you are going to be energy sector, this is as good a way to play as any. Dividend yield of 5.3%.

oil/gas pipelines
Bruce Murray

CEO & Chief Investment Officer, The Murray Wealth Group

Price: $46.140
Owned: Yes

2017-11-10

COMMENT
Enbridge (ENB-T)

Hitting new multiyear lows. When they recently reported 3rd quarter earnings, they were asked about their dividend policy, where they had indicated they can grow their dividend 10%-12% annually to 2024. That’s been their stance for a number of quarters. The company said they were finalizing plans and would be addressing this at their investors day mid December. Feels this affected the stock. The market does not like uncertainty.

oil/gas pipelines
Christine Poole

CEO & Managing Director, GlobeInvest Capital Management

Price: $46.290
Owned: Yes

2017-11-06

COMMENT
Enbridge (ENB-T)

Hasn't liked this for a while. It's not a problem with the company as much as it is with the valuation. All utilities had valuations of around 20X earnings. That was because of the dividend yield. This one has a 225 estimate of earnings, and they pay a dividend of 225. They are paying out all their earnings as dividends. On top of that, when they did the recent US acquisition, they really levered up the balance sheet. The Debt to Operating Cash Flow ratios is about 6 or 7 times. There's not much organic growth.

oil/gas pipelines
John Zechner

Chairman, J. Zechner & Assoc

Price: $46.800
Owned: Unknown

2017-11-03

PARTIAL BUY
Enbridge (ENB-T)

Thinks a lot of people were buying this at around $49, its 52-week lows, which is usually a bad sign when too many people are too complacent. People are concerned about its debt level. They have normally been telegraphing 10%-12% growth, and have backed away from that and are waiting until Dec 12. This is cheap at 17X. Still has very brisk growth, however, they’ve maintained their guidance. Thinks they have lots of funding abilities through drop downs, asset sales, etc. He would be picking away at this right now.

oil/gas pipelines
Greg Newman

Director & Portfolio Manager, Scotia Wealth Management

Price: $46.850
Owned: Unknown

2017-11-02

BUY
Enbridge (ENB-T)

The Dividend went to 5.1%, which is the highest yield in 10 years, given today’s sell off.  They missed by about 3 cents.  They confirmed the business for the year.  It is really just a postponement until the next quarter so he is not worried about the results.  He quite likes it.  He is surprised at the reaction.  If you miss right now, you get punished.

oil/gas pipelines
Bruce Campbell (1)

President, Campbell and Lee InvMngmnt

Price: $47.030
Owned: Unknown

2017-11-02

COMMENT
Enbridge (ENB-T)

A great company. Numbers came out yesterday, and were a little light compared to what the Street was expecting, so the stock dropped. Made a large acquisition, which is a bad one, and it has to be integrated. That is straining the company a little. Management is very strong and have executed very well. They are good at buying assets cheaply and integrating them.

oil/gas pipelines
Paul Harris, CFA

Portfolio Manager and Partner, Avenue Investment Management

Price: $47.030
Owned: Yes

2017-10-27

WAIT
Enbridge (ENB-T)

If interest rates move up and don’t have the growth, these are not going to participate. Chart is showing an overall downtrend, which hasn’t been broken yet. Until it demonstrates more growth potential, he would wait. Once it breaks the downward trend line, it indicates investors are switching their conception.

oil/gas pipelines
Brooke Thackray

President, Jov Investment Management

Price: $49.300
Owned: Unknown

2017-10-27

COMMENT
Enbridge (ENB-T)

A utility and a well run company. There is no particular reason to be super negative on this. There will be dividend increases in the future, and has enough expansion going on that you needn’t be concerned. Dividend yield of 5%.

oil/gas pipelines
David Cockfield

Managing Director, Northland Wealth Management

Price: $49.300
Owned: No

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1 Comment

javar88@yahoo.ca

November 15th 2017 at 4:08pm

ENB - one of the great TSX based companies !


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