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What do you do with a stock that doesn't work as soon as you buy it? If you buy it right and as part of a balanced portfolio, and it doesn't work in 3 years, it's not the end of the world. As long as you're getting your dividend, it hasn't fallen drastically, and you see a path to returning to where you bought it, keep holding. That should work with a name like ENB. Don't add right now, but don't have to sell either. A name like this can give you defensive qualities if markets go bust, as ENB probably won't do down that much from here. To get a good return in a portfolio, you don't have to win on every position at all times.
Recent beat, raised guidance. He models 5% EPS growth, 4% dividend growth, 15x 2025, not bad PEG. 59% payout ratio, so dividend is going to get paid. Balance sheet more leveraged than peers like ENB or TRP. Sets up well for a 7-year hold.
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