RE:RE:RE:WOWZEERSSo some thoughts about long term here: if ENB can print another 80 cent quarter here in August in 2 weeks, then you can pretty much pencil in 3.20 in earnings for the year. Only paying out 67 cents/quarter or 2.60 so highly sustainable divvy.
That means at 45 bucks it is a forward PE of 14 with a divvy almost 6% (most stocks are trading over 20x forward PE if you got some growth, ENB does)
Oil in the 60-75 range means the underlying business is firing on all cylinders....and more of their projects are coming on stream every quarter.
What was their Spectra buy that cost em billions in debt that will be repaid by earnings? A pureplay USA play. Which country is growing their production up past 10.5m bpd....USA, which country now has a low tax rate? USA, which country actually gets sh!t done instead of up here in Canada........USA! lol.....always keep that in the back of your head.
In the future I am sure ENB can get to over 4 dollars in EPS in a year when Line 3 kicks in......