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Enbridge (ENB-T) opinion on 2017-09-12

Last Price Recorded: 44.8600 on 2017-11-17

ON STOCKCHASE SINCE Oct 2000

oil/gas pipelines
COMMENT

Christine Poole
Enbridge was $49.910 at time of opinion
Owned : Yes

She likes it at this price. The yield is close to 5% and it rarely provides such a high yield. Likes the Spectra acquisition, which gave them exposure to North America in natural gas. They’ve indicated they can grow their dividend 10%-12% through 2024, a pretty attractive growth rate. There has been an overhang because they want to do this line replacement project. The last piece of regulatory approval they need is in Minnesota. They’ve already got approval from Canada, Wisconsin and North Dakota. The pipeline is already in the ground, but they want to replace the pipe and make it larger and add technology. Once they get that in place, they will be able to almost double capacity.

BULLISH

All opinions for ENB-T (820)

235 BUY
37 BUY on WEAKNESS
137 COMMENT
84 DON'T BUY
82 HOLD
5 PARTIAL BUY
4 PARTIAL SELL
74 PAST TOP PICK
14 SELL
1 SELL ON STRENGTH
3 STRONG BUY
119 TOP PICK
2 VAGUE
6 WAIT
2 WATCH
15 WEAK BUY
View All

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All opinions for ENB-T (820)

235 BUY
37 BUY on WEAKNESS
137 COMMENT
84 DON'T BUY
82 HOLD
5 PARTIAL BUY
4 PARTIAL SELL
74 PAST TOP PICK
14 SELL
1 SELL ON STRENGTH
3 STRONG BUY
119 TOP PICK
2 VAGUE
6 WAIT
2 WATCH
15 WEAK BUY
View All

More experts covering ENB-T

SAVE
Add ENB-T to Watch List

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