Added to YB: 2023-09-11
Pitch date: 2023-09-11
ENB [bullish]
Enbridge Inc.
+74.33%
current return
Author Info
No bio for this author
Company Info
Enbridge Inc., together with its subsidiaries, operates as an energy infrastructure company. The company operates through four segments: Liquids Pipelines, Gas Transmission, Gas Distribution and Storage, and Renewable Power Generation.
Market Cap
CAD 151.9B
Pitch Price
CAD 38.13
Price Target
N/A
Dividend
5.69%
EV/EBITDA
13.93
P/E
26.31
EV/Sales
3.26
Sector
Oil, Gas and Consumable Fuels
Category
dividend
Enbridge
ENB: Blue-chip Canadian midstream, ~8% yield vs 4-5% for utilities. Selloff on Canadian energy rotation + skepticism on C$19B Dominion gas utility deal (only marginally accretive at 6% rates, +10-15c EPS if rates fall). Scarce oil pipelines gain value as new builds blocked. Conservative mgmt/low leverage wins long-term; buying opportunity. Owns both ENB & TC (prefers TC if forced to choose).
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