Enbridge Income Fund Holdings Inc. EBGUF

Energy Oil & Gas Midstream

"Enbridge Income Fund Holdings Inc is engaged in the generation, transportation and storage of energy through its green power generation facilities, liquids transportation and storage facilities."

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Enbridge Income Fund Holdings Inc. > Line 3 upgrade - growth asset or stranded asset?

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Comment by joeybats63on Jan 13, 2018 9:09pm

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Post# 27351737

RE:RE:RE:RE:RE:RE:RE:Line 3 upgrade - growth asset or stranded asset?

I have followedENF and ENB for awhile. If you wanted safe dividends and returns the one that outperforms all the time is ENF.
The pipeline 3 is more an ENB fixture and that has been a problem for awhile. The sticking point is Minnesota where an indigenous group is battling where the pipeline should be directed. Also with Enbridge buying Spectra and taking on it's $22 billion debt. That alone is a problem.
I would be more worried with ENB and stay with the more secure ENF.
I can't see a decline to $24 but a pullback to $28 may be in order. Still great dividends and is following suit with ENB with the 10% increase in dividends over the next 4 years.

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