Enbridge

ENB-T

TSE:ENB

44.81
0.64 (1.45%)
Enbridge Inc. is a Canadian multinational energy transportation company based in Calgary, Alberta. It focuses on the transportation, distribution and generation of energy, primarily in North America.
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Analysis and Opinions about ENB-T

Signal
Opinion
Expert
BUY
BUY
August 11, 2020
Long term It pays a 7% dividend and it's good long term. They addressed their balance sheet issues and simplified their corporate structure. ENB has a large U.S. and natural gas presence, so it's diversified to oil. It's become difficult to build new pipeline, so their existing pipelines are valuable, moving a lot of crude oil across North America.
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Enbridge (ENB-T)
August 11, 2020
Long term It pays a 7% dividend and it's good long term. They addressed their balance sheet issues and simplified their corporate structure. ENB has a large U.S. and natural gas presence, so it's diversified to oil. It's become difficult to build new pipeline, so their existing pipelines are valuable, moving a lot of crude oil across North America.
TOP PICK
TOP PICK
August 4, 2020
A dividend growth story, not so much acquisition. Their main pipeline moves two-thirds of western oil out of the west, and their line 3 project in Minnesota should be the greenlight after many deadlines. They also move midstream gas, moving 25% of North American natural gas. They own a small, but fast-growing renewable energy business. Enbridge home-heating gas is Stable and profitable. The stock is depressed along with oil prices, but it will come back. Pays a 7.5% dividend, but it's safe based on their balance sheet and ENB hasn't cut its divvy in the past. (Analysts’ price target is $52.34)
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Enbridge (ENB-T)
August 4, 2020
A dividend growth story, not so much acquisition. Their main pipeline moves two-thirds of western oil out of the west, and their line 3 project in Minnesota should be the greenlight after many deadlines. They also move midstream gas, moving 25% of North American natural gas. They own a small, but fast-growing renewable energy business. Enbridge home-heating gas is Stable and profitable. The stock is depressed along with oil prices, but it will come back. Pays a 7.5% dividend, but it's safe based on their balance sheet and ENB hasn't cut its divvy in the past. (Analysts’ price target is $52.34)
DON'T BUY
DON'T BUY
July 31, 2020
A company that he is not enthusiastic about. They have a lot of debt, poor performance in assets, and cashflow hasn't changed in the past few years. There is good dividend growth. It would probably do better than cash or bonds. He would look elsewhere for better balance sheets, cashflow and less debt.
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Enbridge (ENB-T)
July 31, 2020
A company that he is not enthusiastic about. They have a lot of debt, poor performance in assets, and cashflow hasn't changed in the past few years. There is good dividend growth. It would probably do better than cash or bonds. He would look elsewhere for better balance sheets, cashflow and less debt.
COMMENT
COMMENT
July 14, 2020
It yields around 7%, though there's negativity around their projects. Just seeing an advance on one of their pipelines will change sentiment. He believes their projects will go ahead and that will raise the stock price. Two or three green lights will push the stock to $50.
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Enbridge (ENB-T)
July 14, 2020
It yields around 7%, though there's negativity around their projects. Just seeing an advance on one of their pipelines will change sentiment. He believes their projects will go ahead and that will raise the stock price. Two or three green lights will push the stock to $50.
BUY
BUY
July 13, 2020
Safe dividend? Quite safe. Cash flow is growing and the balance sheet is in much better shape than in past years. Their existing assets are fine. Valuation has plunged from around 25x to around 15x. ENB is not tied to commodity prices, though commodity volume. When you can't get yield from bonds or some stocks, ENB's dividend pays.
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Enbridge (ENB-T)
July 13, 2020
Safe dividend? Quite safe. Cash flow is growing and the balance sheet is in much better shape than in past years. Their existing assets are fine. Valuation has plunged from around 25x to around 15x. ENB is not tied to commodity prices, though commodity volume. When you can't get yield from bonds or some stocks, ENB's dividend pays.
HOLD
HOLD
July 9, 2020
Likes it. Fantastic dividend of about 8%, which will move around with oil markets. Doesn't think the dividend is in trouble.
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Enbridge (ENB-T)
July 9, 2020
Likes it. Fantastic dividend of about 8%, which will move around with oil markets. Doesn't think the dividend is in trouble.
COMMENT
COMMENT
July 8, 2020

Sell Banks for Pipelines? He likes this strategy. Balance the weight between both he suggests. Pipelines are economically sensitive these days, due to their weightings in the energy ETFs. ENB, TRP and PPL have been particularly sensitive. He thinks the valuations warrant investment here.

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Enbridge (ENB-T)
July 8, 2020

Sell Banks for Pipelines? He likes this strategy. Balance the weight between both he suggests. Pipelines are economically sensitive these days, due to their weightings in the energy ETFs. ENB, TRP and PPL have been particularly sensitive. He thinks the valuations warrant investment here.

PAST TOP PICK
PAST TOP PICK
July 8, 2020
(A Top Pick Jul 25/19, Down 1%) He would stay with it and it remains his favorite in the pipeline space. Trades only 8 times cash flow and has a great dividend yield. The negative sentiment right now gives investors a great opportunity now.
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Enbridge (ENB-T)
July 8, 2020
(A Top Pick Jul 25/19, Down 1%) He would stay with it and it remains his favorite in the pipeline space. Trades only 8 times cash flow and has a great dividend yield. The negative sentiment right now gives investors a great opportunity now.
BUY WEAKNESS
BUY WEAKNESS
July 3, 2020
Line 5 issues? They have been in the news a lot lately. An anchor became dislodged on their Eastern portion, but a judge forced an injunction to shut down the western section as well. On Canada Day, the western portion was allowed to reopen. Line 5 is only 2.5% of the companies EBITDA, so it won't make or break the company. But it is just another example of regulatory interference. From a fundamental perspective not a big issue. He is underweight energy, but would be a buyer in a sub-$40 range.
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Enbridge (ENB-T)
July 3, 2020
Line 5 issues? They have been in the news a lot lately. An anchor became dislodged on their Eastern portion, but a judge forced an injunction to shut down the western section as well. On Canada Day, the western portion was allowed to reopen. Line 5 is only 2.5% of the companies EBITDA, so it won't make or break the company. But it is just another example of regulatory interference. From a fundamental perspective not a big issue. He is underweight energy, but would be a buyer in a sub-$40 range.
PAST TOP PICK
PAST TOP PICK
June 29, 2020
(A Top Pick Jun 17/19, Down 4%) It is one of his favourites in the group. It is the most miss-understood because they are involved in so many markets. They are well contracted and in a strong liquidity position. He would continue to hold it. He would be surprised to see a dividend cut.
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Enbridge (ENB-T)
June 29, 2020
(A Top Pick Jun 17/19, Down 4%) It is one of his favourites in the group. It is the most miss-understood because they are involved in so many markets. They are well contracted and in a strong liquidity position. He would continue to hold it. He would be surprised to see a dividend cut.
BUY
BUY
June 24, 2020
US pipeline issues? We own ENB and have for a few years. Lower oil prices impacted their business, but they are financially sound. Over 95% of their capacity is contracted. Some lower production out of western Canada may impact short term earnings. Eventually Line 3 will be completed and Line 5 will be refurbished. With a yield above 7%, it is an attractive hold.
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Enbridge (ENB-T)
June 24, 2020
US pipeline issues? We own ENB and have for a few years. Lower oil prices impacted their business, but they are financially sound. Over 95% of their capacity is contracted. Some lower production out of western Canada may impact short term earnings. Eventually Line 3 will be completed and Line 5 will be refurbished. With a yield above 7%, it is an attractive hold.
BUY
BUY
June 22, 2020
It is down more than you'd expect in a recession, due to the oil price. They reconfirmed their outlook for the year. They have been able to find cost cutting opportunities. He thinks this is the time to buy it. It is a really safe way to take advantage of the recovery.
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Enbridge (ENB-T)
June 22, 2020
It is down more than you'd expect in a recession, due to the oil price. They reconfirmed their outlook for the year. They have been able to find cost cutting opportunities. He thinks this is the time to buy it. It is a really safe way to take advantage of the recovery.
HOLD
HOLD
June 12, 2020

Preferred H shares? The preferreds are yielding about 9%. This was issued at $25 originally with a yield just over 4%. Buying at $11.50 affords the high yield. It will reset in 2023, around 2.5% based on current interest rates (versus the 4% it was originally issued at). If interest rates go up in 2023 the yield will increase, but do investors think rates will be that much higher?

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Enbridge (ENB-T)
June 12, 2020

Preferred H shares? The preferreds are yielding about 9%. This was issued at $25 originally with a yield just over 4%. Buying at $11.50 affords the high yield. It will reset in 2023, around 2.5% based on current interest rates (versus the 4% it was originally issued at). If interest rates go up in 2023 the yield will increase, but do investors think rates will be that much higher?

BUY
BUY
June 8, 2020

IPL-T vs. ENB-T. IPL-T is a mid-carrier. It moves between facilities. ENB-T is international and moves between Canada and the US. ENB-T also owns a local gas utility in Southern Ontario. He owns ENB-T because it is a higher quality company and has bigger projects that are somewhat deferred due to environmental assessments. The dividend is stable and was not at risk.

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Enbridge (ENB-T)
June 8, 2020

IPL-T vs. ENB-T. IPL-T is a mid-carrier. It moves between facilities. ENB-T is international and moves between Canada and the US. ENB-T also owns a local gas utility in Southern Ontario. He owns ENB-T because it is a higher quality company and has bigger projects that are somewhat deferred due to environmental assessments. The dividend is stable and was not at risk.

BUY
BUY
June 5, 2020
Target buy and sell price? ENB has one of the highest dividend yields of any Canadian company. He thinks dividend growth may moderate or even pause. There are more hearings on Line 3 and they have been very contentious. He wants to see that resolved with shovels in the ground. At current levels, and assuming we don't have another major down move on oil prices, this could be a good buy here. Their infrastructure can not be replicated. Yield 7%
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Enbridge (ENB-T)
June 5, 2020
Target buy and sell price? ENB has one of the highest dividend yields of any Canadian company. He thinks dividend growth may moderate or even pause. There are more hearings on Line 3 and they have been very contentious. He wants to see that resolved with shovels in the ground. At current levels, and assuming we don't have another major down move on oil prices, this could be a good buy here. Their infrastructure can not be replicated. Yield 7%
COMMENT
COMMENT
June 3, 2020

ENB vs TRP? He believes having one of these holdings is key to your portfolio. It is getting harder to put pipe in the ground, so existing assets are valuable. He owns ENB, due to the amount of oil they move and the pricing power they have with tolls.

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Enbridge (ENB-T)
June 3, 2020

ENB vs TRP? He believes having one of these holdings is key to your portfolio. It is getting harder to put pipe in the ground, so existing assets are valuable. He owns ENB, due to the amount of oil they move and the pricing power they have with tolls.

BUY
BUY
May 29, 2020
Payout ratio of 65%. Very attractive compared to bonds. A reasonable investment opportunity. The dividend appears to be safe. Yield 7.3%
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Enbridge (ENB-T)
May 29, 2020
Payout ratio of 65%. Very attractive compared to bonds. A reasonable investment opportunity. The dividend appears to be safe. Yield 7.3%
TOP PICK
TOP PICK
May 28, 2020
One of the largest oil and natural gas distributors on the continent. He likes their ability to survive and be resilient through cycles. Each time they have been able to consistently maintain their dividend. It is a lower risk way of playing the oil and gas business. It is a toll business. He thinks the 7% dividend is safe. (Analysts’ price target is $52.70)
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Enbridge (ENB-T)
May 28, 2020
One of the largest oil and natural gas distributors on the continent. He likes their ability to survive and be resilient through cycles. Each time they have been able to consistently maintain their dividend. It is a lower risk way of playing the oil and gas business. It is a toll business. He thinks the 7% dividend is safe. (Analysts’ price target is $52.70)
BUY
BUY
May 22, 2020
He took a position in ENB back in late-March around its lows. The dividend is attractive. There is some negative news regarding their Line 3 project as it may be coming under renewed review by the US state regulatory body. It looks good here he thinks. He would be a buyer here.
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Enbridge (ENB-T)
May 22, 2020
He took a position in ENB back in late-March around its lows. The dividend is attractive. There is some negative news regarding their Line 3 project as it may be coming under renewed review by the US state regulatory body. It looks good here he thinks. He would be a buyer here.
COMMENT
COMMENT
May 8, 2020

Dividends safe? Regulated businesses stand a better chance to keep dividends whole. BCE and ENB are both regulated entities. Canadian banks have had a history of not cutting dividends, but you never know. It will depend on how long COVID lasts -- if we are still locked down next year, he would be a seller.

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Enbridge (ENB-T)
May 8, 2020

Dividends safe? Regulated businesses stand a better chance to keep dividends whole. BCE and ENB are both regulated entities. Canadian banks have had a history of not cutting dividends, but you never know. It will depend on how long COVID lasts -- if we are still locked down next year, he would be a seller.

PAST TOP PICK
PAST TOP PICK
April 29, 2020
(A Top Pick Jul 25/19, Up 4%) He still owns this and likes to recommend it as Top Pick.
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Enbridge (ENB-T)
April 29, 2020
(A Top Pick Jul 25/19, Up 4%) He still owns this and likes to recommend it as Top Pick.
TOP PICK
TOP PICK
April 29, 2020
You get a low risk business model. It has performed well in previous market down turns. It trades at 9 times cash flow with only a 70% payout ratio on the dividend. Yield 7.39% (Analysts’ price target is $52.84)
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Enbridge (ENB-T)
April 29, 2020
You get a low risk business model. It has performed well in previous market down turns. It trades at 9 times cash flow with only a 70% payout ratio on the dividend. Yield 7.39% (Analysts’ price target is $52.84)
COMMENT
COMMENT
April 15, 2020
ALA was just upgraded by his firm. It has 55% of their earnings from regulated utility activities. If you are looking to sleep better at night, ENB has a less risky business model. Their risk is from growth being halted with recent pipeline protests.
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Enbridge (ENB-T)
April 15, 2020
ALA was just upgraded by his firm. It has 55% of their earnings from regulated utility activities. If you are looking to sleep better at night, ENB has a less risky business model. Their risk is from growth being halted with recent pipeline protests.
TOP PICK
TOP PICK
April 13, 2020
You have to like the yield. They move 25% of natural gas and 10% of all oil in North America, tied in with long term contracts. The earnings are relatively safe. It is an area he likes. They did a pretty good pay down on debt. (Analysts’ price target is $53.48)
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Enbridge (ENB-T)
April 13, 2020
You have to like the yield. They move 25% of natural gas and 10% of all oil in North America, tied in with long term contracts. The earnings are relatively safe. It is an area he likes. They did a pretty good pay down on debt. (Analysts’ price target is $53.48)
BUY
BUY
April 9, 2020
He continues to buy it for new clients. The lower prices hurt the producers but not so much the pipelines. The big pipeline is filled with take or pay contracts with financially strong producers. They also own regulated utilities and the demand for heating homes is inelastic. They tend to grow the dividend every year and he feels they will not cut it this year.
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Enbridge (ENB-T)
April 9, 2020
He continues to buy it for new clients. The lower prices hurt the producers but not so much the pipelines. The big pipeline is filled with take or pay contracts with financially strong producers. They also own regulated utilities and the demand for heating homes is inelastic. They tend to grow the dividend every year and he feels they will not cut it this year.
BUY WEAKNESS
BUY WEAKNESS
April 6, 2020
Buy now? Energy infrastructure companies have a much less certain future than regulated utilities. Energy demand has seen a significant downshift (30%). These companies have come off more and it is justified. He thinks ENB-T will survive this. You will be well served by owning it but you will see more pain on the crude front. We need to average in through the trough
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Enbridge (ENB-T)
April 6, 2020
Buy now? Energy infrastructure companies have a much less certain future than regulated utilities. Energy demand has seen a significant downshift (30%). These companies have come off more and it is justified. He thinks ENB-T will survive this. You will be well served by owning it but you will see more pain on the crude front. We need to average in through the trough
BUY
BUY
March 23, 2020

It is a great buy at this price. Just because the price of crude oil has come down, we will all still need to heat our houses next year and the fuel will get to us through their pipelines. Tremendous yield. It has debt, obviously, but he would not hesitate to buy it. In 2008/9 TRP-T was one of his biggest holdings and it took 15 months for the price to recover.

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Enbridge (ENB-T)
March 23, 2020

It is a great buy at this price. Just because the price of crude oil has come down, we will all still need to heat our houses next year and the fuel will get to us through their pipelines. Tremendous yield. It has debt, obviously, but he would not hesitate to buy it. In 2008/9 TRP-T was one of his biggest holdings and it took 15 months for the price to recover.

BUY
BUY
March 17, 2020
It takes nerve to buy anything now, but buy. They got a permit for line 3, which is good. They should see a 5-7% increase in earnings in the next 3-4 years.
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Enbridge (ENB-T)
March 17, 2020
It takes nerve to buy anything now, but buy. They got a permit for line 3, which is good. They should see a 5-7% increase in earnings in the next 3-4 years.
TOP PICK
TOP PICK
March 16, 2020
Downside target was $37.25. This yields 7.5% which isn't quite covered, which they're partially paying out of their cash flow. However, this is cheap and you can't miss with this. As a utility, their earnings will hold. (Analysts’ price target is $57.26)
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Enbridge (ENB-T)
March 16, 2020
Downside target was $37.25. This yields 7.5% which isn't quite covered, which they're partially paying out of their cash flow. However, this is cheap and you can't miss with this. As a utility, their earnings will hold. (Analysts’ price target is $57.26)
TOP PICK
TOP PICK
March 12, 2020
It is a utility stock, a pipeline. It distributes to local people in parts of Southern Ontario. It delivers energy products and is being slammed with other energy stocks. He does not find it makes any sense. Today it is yielding 8.5%. In the long run it is going to be good. They raise their dividend every year. (Analysts’ price target is $57.95)
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Enbridge (ENB-T)
March 12, 2020
It is a utility stock, a pipeline. It distributes to local people in parts of Southern Ontario. It delivers energy products and is being slammed with other energy stocks. He does not find it makes any sense. Today it is yielding 8.5%. In the long run it is going to be good. They raise their dividend every year. (Analysts’ price target is $57.95)
COMMENT
COMMENT
March 11, 2020

Energy stocks? Right now stick to the large, liquid energy stocks. There is growing concern of counter-party credit exposure within the mid-stream and pipeline space. He recommends ENB-T and TRP-T for pipelines and SU-T and CNQ-T for producers, if you want to own any energy stocks. SU-T yield is 7.2%, while CNQ-T is 8.4%. CNQ-T is probably still showing positive cash flow, even at these oil price levels. You may still lose money, but it will be much less than a smaller player.

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Enbridge (ENB-T)
March 11, 2020

Energy stocks? Right now stick to the large, liquid energy stocks. There is growing concern of counter-party credit exposure within the mid-stream and pipeline space. He recommends ENB-T and TRP-T for pipelines and SU-T and CNQ-T for producers, if you want to own any energy stocks. SU-T yield is 7.2%, while CNQ-T is 8.4%. CNQ-T is probably still showing positive cash flow, even at these oil price levels. You may still lose money, but it will be much less than a smaller player.

PARTIAL BUY
PARTIAL BUY
March 11, 2020

Payout ratio is 70% and stable. Dividend is 7.6%. Way cheaper than TRP. Fixed the balance sheet. Pretty attractive here. Start building some positions. Decent growth rate if Lines 3 and 5 come on.

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Enbridge (ENB-T)
March 11, 2020

Payout ratio is 70% and stable. Dividend is 7.6%. Way cheaper than TRP. Fixed the balance sheet. Pretty attractive here. Start building some positions. Decent growth rate if Lines 3 and 5 come on.

BUY
BUY
March 10, 2020
He sold off yesterday during the oil crash, but that doesn't make sense, because ENB doesn't have much oil exposure. The pullback was emotional, but now it's a good entry points. Pays over a 6% dividend. Line 3 is a catalyst which will boost their pipeline capacity. Productive assets will generate buybacks and cash flow.
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Enbridge (ENB-T)
March 10, 2020
He sold off yesterday during the oil crash, but that doesn't make sense, because ENB doesn't have much oil exposure. The pullback was emotional, but now it's a good entry points. Pays over a 6% dividend. Line 3 is a catalyst which will boost their pipeline capacity. Productive assets will generate buybacks and cash flow.
DON'T BUY
DON'T BUY
March 9, 2020
It has more debt. It will continue to pay its dividend and hopefully will pay off some of its debt. He does not like the energy patch. There are so many better companies around the world.
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Enbridge (ENB-T)
March 9, 2020
It has more debt. It will continue to pay its dividend and hopefully will pay off some of its debt. He does not like the energy patch. There are so many better companies around the world.
PAST TOP PICK
PAST TOP PICK
March 5, 2020
(A Top Pick Feb 22/19, Up 13%) Long-term hold. Attractive dividend that will grow. Nice core Canadian business. If you don't have it, you should get it.
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Enbridge (ENB-T)
March 5, 2020
(A Top Pick Feb 22/19, Up 13%) Long-term hold. Attractive dividend that will grow. Nice core Canadian business. If you don't have it, you should get it.
COMMENT
COMMENT
March 4, 2020
Sold because their gaslines blew up, though analysts recommend ENB. Yes, pipelines occasionally split, leak or blow up, so if you can't stand this operational risk, don't buy ENB. But ENB has been a market mainstay. All pipeline stocks will benefit from the rate cut, and you're paid a healthy, safe dividend.
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Enbridge (ENB-T)
March 4, 2020
Sold because their gaslines blew up, though analysts recommend ENB. Yes, pipelines occasionally split, leak or blow up, so if you can't stand this operational risk, don't buy ENB. But ENB has been a market mainstay. All pipeline stocks will benefit from the rate cut, and you're paid a healthy, safe dividend.