Enbridge Income Fund Holdings | StockChase
157
Enbridge Income Fund Holdings (ENF-T)

Last Price Recorded: $28.5700 on 2018-05-26

ON STOCKCHASE SINCE Jun 2003

oil/gas
157
Enbridge Income Fund Holdings (ENF-T)

Last Price Recorded: $28.5700 on 2018-05-26

ON STOCKCHASE SINCE Jun 2003

oil/gas

Enbridge Income Fund Holdings


Signal Opinion Expert
COMMENT

The parent, Enbridge, will take this in. Since that news, the Fund has lifted and is trading in line with ENB. He thinks the pipelines are a good place to be now. He sees good growth here and you're being paid a decent dividend.

oil/gas

The parent, Enbridge, will take this in. Since that news, the Fund has lifted and is trading in line with ENB. He thinks the pipelines are a good place to be now. He sees good growth here and you're being paid a decent dividend.

oil/gas
Bruce Campbell (1)

President, Campbell and Lee Inv...

PricePrice
$28.570
Owned Owned
Unknown

DON'T BUY

He has a negative view on them as a whole.  The parent has really struggled.  The challenge is where growth comes from.  It is difficult to get new pipelines built.  It has a rich valuation.  It has a very strong brand and that has hurt them because people invest in them without doing due diligence.  It is less about the business than what you pay for it.  Moody's downgraded them recently.

oil/gas

He has a negative view on them as a whole.  The parent has really struggled.  The challenge is where growth comes from.  It is difficult to get new pipelines built.  It has a rich valuation.  It has a very strong brand and that has hurt them because people invest in them without doing due diligence.  It is less about the business than what you pay for it.  Moody's downgraded them recently.

oil/gas
Kash Pashootan

Sr. VP & Portfolio Manager, First Avenue Advisor...

PricePrice
$29.470
Owned Owned
No

COMMENT

The yield is 8%-plus. It is a drop-down vehicle for energy assets in Canada, not affected by the issues that Enbridge is facing in the United States. The payout ratio is reasonable. The parent company is struggling, and has the ability to force the dropdown firm to accept new assets, which can be a problem. There are procedures to protect shareholders, but it still makes him a bit nervous. There’s a lot of negativity toward pipelines, and toward Enbridge in particular, but he doesn’t think it applies to this one.  

oil/gas

The yield is 8%-plus. It is a drop-down vehicle for energy assets in Canada, not affected by the issues that Enbridge is facing in the United States. The payout ratio is reasonable. The parent company is struggling, and has the ability to force the dropdown firm to accept new assets, which can be a problem. There are procedures to protect shareholders, but it still makes him a bit nervous. There’s a lot of negativity toward pipelines, and toward Enbridge in particular, but he doesn’t think it applies to this one.  

oil/gas
Fabrice Taylor

Publisher, The President's Club...

PricePrice
$27.600
Owned Owned
No

COMMENT

She owns ENB instead. The dividend is safe. The overhang is the Line 3 expansion awaiting final approval from Minnesota, expected to come in mid-2018. The company is confident this will happen, since it has gotten approvals elsehwere. If this happens, it will be a definite catalyst for both stocks. You can buy a half-position now and see later if the decision is positive.

oil/gas

She owns ENB instead. The dividend is safe. The overhang is the Line 3 expansion awaiting final approval from Minnesota, expected to come in mid-2018. The company is confident this will happen, since it has gotten approvals elsehwere. If this happens, it will be a definite catalyst for both stocks. You can buy a half-position now and see later if the decision is positive.

oil/gas
Christine Poole

CEO & Managing Director, GlobeInvest Capital ...

PricePrice
$27.600
Owned Owned
No

COMMENT

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

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
Ryan Bushell

President, Newhaven Asset Manag...

PricePrice
$27.750
Owned Owned
Unknown

COMMENT

In response to a question about the impact of the Minnesota judge’s recommendation today of a route for its pipeline that Enbridge likes less: He doesn’t own Enbridge but he saw the news. He sees this as a temporary setback, doesn’t think this will have a material longer term effect on the price or the dividend. However, this might temporarily affect Canadian oil flows south.

oil/gas

In response to a question about the impact of the Minnesota judge’s recommendation today of a route for its pipeline that Enbridge likes less: He doesn’t own Enbridge but he saw the news. He sees this as a temporary setback, doesn’t think this will have a material longer term effect on the price or the dividend. However, this might temporarily affect Canadian oil flows south.

oil/gas
Colin Stewart

CEO & Portfolio manager, JC Clark Investments...

PricePrice
$27.480
Owned Owned
No

BUY

IPL-T or ENF–T.  As a long term hold they are okay.  He would prefer that rather than a single company he would like ZWU-T because you get all the pipelines and telecoms and a covered call overly.  You are very diversified within Canada.  North of a 6% yield.  This is nice as a long term hold.

oil/gas

IPL-T or ENF–T.  As a long term hold they are okay.  He would prefer that rather than a single company he would like ZWU-T because you get all the pipelines and telecoms and a covered call overly.  You are very diversified within Canada.  North of a 6% yield.  This is nice as a long term hold.

oil/gas
Larry Berman CFA, CMT, CTA

Chief Investment Officer, Partner, ETF Capital Manageme...

PricePrice
$28.730
Owned Owned
No

TOP PICK

It has a terrific yield.  Almost 8% and it is covered.  It has been trading in its range for the last 5 years and it is back down.  A good balance sheet.  He really likes it.  (Analysts’ target: $32.67).

oil/gas

It has a terrific yield.  Almost 8% and it is covered.  It has been trading in its range for the last 5 years and it is back down.  A good balance sheet.  He really likes it.  (Analysts’ target: $32.67).

oil/gas
Ross Healy

Chairman, Strategic Analysis C...

PricePrice
$28.440
Owned Owned
Yes

COMMENT

She owns the parent of Enbridge, instead. The overhang is final approval from Minnesota for Enbridge's U.S.-Canada pipeline; this approval should come by June. Management is confident that the approval will come, which could lift this stock. A plus: fears of interest rate hikes and their effect on interest-sensitive stocks have moderated since the winter. Overall, we need pipelines out west and the Trans Mountain outcome will be important.

oil/gas

She owns the parent of Enbridge, instead. The overhang is final approval from Minnesota for Enbridge's U.S.-Canada pipeline; this approval should come by June. Management is confident that the approval will come, which could lift this stock. A plus: fears of interest rate hikes and their effect on interest-sensitive stocks have moderated since the winter. Overall, we need pipelines out west and the Trans Mountain outcome will be important.

oil/gas
Christine Poole

CEO & Managing Director, GlobeInvest Capital ...

PricePrice
$28.020
Owned Owned
No

HOLD

The market is currently negative on energy infrastructure and Enbridge is being impacted by how the parent is going to finance future projects.  There is also some fear that the great assets passed down from the parent may one day be taken back in.  In the US some negative tax rulings on Master LLPs may cause changes.  

oil/gas

The market is currently negative on energy infrastructure and Enbridge is being impacted by how the parent is going to finance future projects.  There is also some fear that the great assets passed down from the parent may one day be taken back in.  In the US some negative tax rulings on Master LLPs may cause changes.  

oil/gas
Michael Simpson, CFA

Senior Vice-President, Sentry Investments...

PricePrice
$27.990
Owned Owned
Unknown

DON'T BUY

He does generally think this is a good holding.  He thinks there are US regulatory headwinds, but is not an expert.  There is a strong downtrend in place and it is early to say it has found a bottom.  He would want to see a positive shift in fundamentals first. 

oil/gas

He does generally think this is a good holding.  He thinks there are US regulatory headwinds, but is not an expert.  There is a strong downtrend in place and it is early to say it has found a bottom.  He would want to see a positive shift in fundamentals first. 

oil/gas
Larry Berman CFA, CMT, CTA

Chief Investment Officer, Partner, ETF Capital Manageme...

PricePrice
$28.690
Owned Owned
No

COMMENT

Enbridge Income Fund (ENF-T) or Enbridge Pipeline (ENB-T)? He would not buy either of these. He sold the Fund about two weeks ago.  He believes prices will go lower for both. The company’s recent acquisition has stressed the balance sheet. He fears rising interest rates will push this value lower – especially for the Fund. He might go in when yields go above 12%, but there is a way to go. 

oil/gas

Enbridge Income Fund (ENF-T) or Enbridge Pipeline (ENB-T)? He would not buy either of these. He sold the Fund about two weeks ago.  He believes prices will go lower for both. The company’s recent acquisition has stressed the balance sheet. He fears rising interest rates will push this value lower – especially for the Fund. He might go in when yields go above 12%, but there is a way to go. 

oil/gas
Brian Acker, CA

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

PricePrice
$27.780
Owned Owned
_N/A

BUY

It is fine but why not go to a diversified source of dividends.  ZWC-T is a basket of the best of the dividends plus a covered call overlay.  You could also go for a foreign ETF but dividends are taxable.

oil/gas

It is fine but why not go to a diversified source of dividends.  ZWC-T is a basket of the best of the dividends plus a covered call overlay.  You could also go for a foreign ETF but dividends are taxable.

oil/gas
Larry Berman CFA, CMT, CTA

Chief Investment Officer, Partner, ETF Capital Manageme...

PricePrice
$27.210
Owned Owned
Unknown

HOLD

Each year they've been increasing it by 10%. Price has been bouncing between $27-33, but it's now's attractive. Q3 missed because of Enbridge's parent, Enbridge Income Fund, had a miss. Also hurt by interest-sentitive fears. Have commitments on their pipelines. They have storage. Also have renewable resources. Good company for an income investor. Probably won't jump to $33 immediately, because the whole space has been hit, but collecting the yield is good. Yield 8.3%.

oil/gas

Each year they've been increasing it by 10%. Price has been bouncing between $27-33, but it's now's attractive. Q3 missed because of Enbridge's parent, Enbridge Income Fund, had a miss. Also hurt by interest-sentitive fears. Have commitments on their pipelines. They have storage. Also have renewable resources. Good company for an income investor. Probably won't jump to $33 immediately, because the whole space has been hit, but collecting the yield is good. Yield 8.3%.

oil/gas
Lorne Zeiler

Portfolio Manager & Wealth Advisor, TriDelta Financial...

PricePrice
$27.280
Owned Owned
Unknown

DON'T BUY

Gives a high dividend yield but has lost over 25% in share price in the last year. There are a handful of stocks that are interest sensitive but that have the potential for growth to offset interest rate pressure. Enbridge is not among them and has not participated on the upside of rising oil prices. (Analysts' price target is just under $34).

oil/gas

Gives a high dividend yield but has lost over 25% in share price in the last year. There are a handful of stocks that are interest sensitive but that have the potential for growth to offset interest rate pressure. Enbridge is not among them and has not participated on the upside of rising oil prices. (Analysts' price target is just under $34).

oil/gas
Kash Pashootan

Sr. VP & Portfolio Manager, First Avenue Advisor...

PricePrice
$27.330
Owned Owned
Unknown

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