Enbridge Income Fund Holdings

ENF-T

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Analysis and Opinions about ENF-T

Signal
Opinion
Expert
HOLD
HOLD
March 7, 2019
What happened to ENF-T? It was brought in by the parent. It does not have a lot of growth potential. You get a great dividend. It is difficult to show where growth comes from, however.
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What happened to ENF-T? It was brought in by the parent. It does not have a lot of growth potential. You get a great dividend. It is difficult to show where growth comes from, however.
PAST TOP PICK
PAST TOP PICK
February 11, 2019
(A Top Pick Apr 19/18, Up 17%) He's not sure why ENB split the ENF out and ENF traded at a discount to ENB which yielded more and was cheaper than ENB. That's why he chose ENF. ENG bought it in the end.
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(A Top Pick Apr 19/18, Up 17%) He's not sure why ENB split the ENF out and ENF traded at a discount to ENB which yielded more and was cheaper than ENB. That's why he chose ENF. ENG bought it in the end.
PAST TOP PICK
PAST TOP PICK
January 3, 2019
(A Top Pick Jan 19/18, Up 17%) That was a sweet recommendation as this was better than Enbridge (ENB-T). It was absorbed by Enbridge (ENB-T) that he doesn't like as much.
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(A Top Pick Jan 19/18, Up 17%) That was a sweet recommendation as this was better than Enbridge (ENB-T). It was absorbed by Enbridge (ENB-T) that he doesn't like as much.
PAST TOP PICK
PAST TOP PICK
December 7, 2018
(A Top Pick Jan 19/18, Up 10%) This is now absorbed into the Enbridge parent company. It was cheaper than the ENB-T at the time.
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(A Top Pick Jan 19/18, Up 10%) This is now absorbed into the Enbridge parent company. It was cheaper than the ENB-T at the time.
PAST TOP PICK
PAST TOP PICK
November 14, 2018
(A Top Pick Dec 11/17, Up 12%) They'll raise their big dividend. You're buying at the bottom now, but be patient for it to rise.
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(A Top Pick Dec 11/17, Up 12%) They'll raise their big dividend. You're buying at the bottom now, but be patient for it to rise.
DON'T BUY
DON'T BUY
November 5, 2018
He understands this will get folded into the Enbridge parent. He's always liked this stock, but not anymore. So, look at Enbridge, which has some value, but is also not very exciting.
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He understands this will get folded into the Enbridge parent. He's always liked this stock, but not anymore. So, look at Enbridge, which has some value, but is also not very exciting.
COMMENT
COMMENT
October 19, 2018

Is being rolled up by the parent Enbridge. Now they have tried to simplify their corporate structure. If you hold this, you will either get Enbridge shares or could elect to get cash. Simplifying the structure should make investors more comfortable.

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Is being rolled up by the parent Enbridge. Now they have tried to simplify their corporate structure. If you hold this, you will either get Enbridge shares or could elect to get cash. Simplifying the structure should make investors more comfortable.

PAST TOP PICK
PAST TOP PICK
October 18, 2018

(A Top Pick December 11/17 - Up 8%.) 15% up including the dividend. Given the shortage of capacity the demand for its assets are very strong. It’s going to be consolidated with the main company and this is going to disappear, and you will get a share of Enbridge (ENB).

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(A Top Pick December 11/17 - Up 8%.) 15% up including the dividend. Given the shortage of capacity the demand for its assets are very strong. It’s going to be consolidated with the main company and this is going to disappear, and you will get a share of Enbridge (ENB).

COMMENT
COMMENT
September 19, 2018

ENB taking over ENF: Sell one, buy one or both buy? The reflationary sectors will do well in the next leg of this cycle, but the pipelines will not. Instead look at U.S. financials. Hold onto ENB, maybe make a move on the fund, ENF. Buy stocks/sectors that will benefit from rising rates.

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ENB taking over ENF: Sell one, buy one or both buy? The reflationary sectors will do well in the next leg of this cycle, but the pipelines will not. Instead look at U.S. financials. Hold onto ENB, maybe make a move on the fund, ENF. Buy stocks/sectors that will benefit from rising rates.

COMMENT
COMMENT
September 17, 2018

Enbridge wants to buy ENF to simplify their corporate structure. In the States, Enbridge offered a small premium, while in Canada, they offered a premium. He suspects the directors of ENF-T are waiting for a higher premium (or that's what he would do). Pays a higher yield than Enbridge Inc. but lacks the dividend growth potential.

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Enbridge wants to buy ENF to simplify their corporate structure. In the States, Enbridge offered a small premium, while in Canada, they offered a premium. He suspects the directors of ENF-T are waiting for a higher premium (or that's what he would do). Pays a higher yield than Enbridge Inc. but lacks the dividend growth potential.

BUY
BUY
August 29, 2018

A lot of the yield stocks have had a tough year, including this one, due to rising interest rates. He doesn't buy that. Interest rates haven't risen that much and these yields are still a lot higher than bonds.

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A lot of the yield stocks have had a tough year, including this one, due to rising interest rates. He doesn't buy that. Interest rates haven't risen that much and these yields are still a lot higher than bonds.

COMMENT
COMMENT
August 3, 2018

Should I roll my ENF-T into ENB-T? The acquisition by Enbridge Inc makes good sense as it will simplify the structure of the company. With Enbridge committing to increase dividend in the years ahead, he sees no reason why you would not roll this over into ENB-T shares tax free.

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Should I roll my ENF-T into ENB-T? The acquisition by Enbridge Inc makes good sense as it will simplify the structure of the company. With Enbridge committing to increase dividend in the years ahead, he sees no reason why you would not roll this over into ENB-T shares tax free.

BUY
BUY
July 30, 2018

He liked the fund but now you might as well go and get the mother company ENB-T because that's where it is going.

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He liked the fund but now you might as well go and get the mother company ENB-T because that's where it is going.

COMMENT
COMMENT
July 6, 2018

He doesn’t know what will happen to this stock after it is rolled back into Enbridge and so he is neutral on it.

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He doesn’t know what will happen to this stock after it is rolled back into Enbridge and so he is neutral on it.

HOLD
HOLD
July 3, 2018

The parent is offering to buy the Fund at a 10% premium. He would continue to hold this. The share conversion is unclear to him, but he would continue to stay with this company.

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The parent is offering to buy the Fund at a 10% premium. He would continue to hold this. The share conversion is unclear to him, but he would continue to stay with this company.

COMMENT
COMMENT
June 19, 2018

Can you explain the price of Enbridge buying ENF? Can retail investors try for a better deal? Premium is not large, but company is extolling virtues of accretion, and ENB pays an attractive dividend. If institutions are on board, hard for retail investors to get their say in. When companies consolidate, there are usually some savings.

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Can you explain the price of Enbridge buying ENF? Can retail investors try for a better deal? Premium is not large, but company is extolling virtues of accretion, and ENB pays an attractive dividend. If institutions are on board, hard for retail investors to get their say in. When companies consolidate, there are usually some savings.

HOLD
HOLD
June 5, 2018

Enbridge now plans to buy this back, along with some other subsidiaries. He views this as positive because it simplifies the structure of Enbridge, which he owns. He has trimmed ownership of Enbridge because he is concerned that the rising dividend might not be sustainable. He wishes that Enbridge would slow the growth of its dividend because the company has a big spending pipeline and needs the money. This is another defensive company. There is risk to the economy at the end of next year and this would be a good company to hold at that future time.

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Enbridge now plans to buy this back, along with some other subsidiaries. He views this as positive because it simplifies the structure of Enbridge, which he owns. He has trimmed ownership of Enbridge because he is concerned that the rising dividend might not be sustainable. He wishes that Enbridge would slow the growth of its dividend because the company has a big spending pipeline and needs the money. This is another defensive company. There is risk to the economy at the end of next year and this would be a good company to hold at that future time.

HOLD
HOLD
June 4, 2018

You are about to lose your holding because they are buying it back. It is not close to fair market value. Institutional shareholders may fight back, but it is largely held by individuals. He cannot offer much help. He is hoping something good will happen.

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You are about to lose your holding because they are buying it back. It is not close to fair market value. Institutional shareholders may fight back, but it is largely held by individuals. He cannot offer much help. He is hoping something good will happen.

PAST TOP PICK
PAST TOP PICK
May 28, 2018

(A Top Pick May 28/17, Down 7%) It has a 7-8% dividend yield and is being bought out by the parent. He will continue to hold on thinking there is still more upside.

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(A Top Pick May 28/17, Down 7%) It has a 7-8% dividend yield and is being bought out by the parent. He will continue to hold on thinking there is still more upside.

COMMENT
COMMENT
May 25, 2018

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.

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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.

DON'T BUY
DON'T BUY
May 17, 2018

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.

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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.

COMMENT
COMMENT
May 8, 2018

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.

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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.

COMMENT
COMMENT
May 8, 2018

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.

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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.

COMMENT
COMMENT
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.

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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.

COMMENT
COMMENT
April 24, 2018

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.

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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.

BUY
BUY
April 23, 2018

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.

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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.

TOP PICK
TOP PICK
April 19, 2018

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).

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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).

COMMENT
COMMENT
April 16, 2018

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.

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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.

HOLD
HOLD
March 28, 2018

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.

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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.

DON'T BUY
DON'T BUY
March 19, 2018

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.

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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.

COMMENT
COMMENT
February 23, 2018

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.

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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.

BUY
BUY
February 12, 2018

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.

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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.

HOLD
HOLD
February 7, 2018

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%.

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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%.

DON'T BUY
DON'T BUY
February 6, 2018

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).

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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).

BUY
BUY
January 26, 2018

He sees the dividend as being sustainable. They can grow their Free Cash Flow per Share 9%, for 2017-2019. The company recently gave guidance they’ll continue to grow their dividend 10% per year, out to 2020. The concern here is the regulatory approval for the Line 3 replacement risk. He thinks that it goes forward. Feels this is a buying opportunity. Dividend yield of 7.8%.

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He sees the dividend as being sustainable. They can grow their Free Cash Flow per Share 9%, for 2017-2019. The company recently gave guidance they’ll continue to grow their dividend 10% per year, out to 2020. The concern here is the regulatory approval for the Line 3 replacement risk. He thinks that it goes forward. Feels this is a buying opportunity. Dividend yield of 7.8%.

COMMENT
COMMENT
January 23, 2018

Change from Enbridge Inc. to this? His preference has always been for Enbridge Inc. than the income fund. The income fund has an attractive yield, but management's focus is on Enbridge Inc. They have an objective to increase dividends over the next few years at a rate of about 10%, and he can't see why they shouldn't be able to accomplish that. None of the pipelines look cheap from a statistical point of view, but this company's management has done extremely well within the industry. He would prefer Enbridge Inc. to this.

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Change from Enbridge Inc. to this? His preference has always been for Enbridge Inc. than the income fund. The income fund has an attractive yield, but management's focus is on Enbridge Inc. They have an objective to increase dividends over the next few years at a rate of about 10%, and he can't see why they shouldn't be able to accomplish that. None of the pipelines look cheap from a statistical point of view, but this company's management has done extremely well within the industry. He would prefer Enbridge Inc. to this.

BUY