RE:CIBC upgrade $58 CADShare repurchases would be prudent at this price level. Buy shares back now then increase the dividend at the next Q4 EOY ER and you do not have to pay the increased dividend on the cancelled shares. Good plan.
Quintessential1 wrote: November 21, 2021
"Our Thoughts Heading Into The CER Decision Our Conclusion While the Canadian Mainline Contracting application is one of the most significant tolling matters the Canada Energy Regulator (CER) has considered in almost a decade, we believe the range of potential outcomes for the company is narrower than many investors realize. On that basis, we believe investors can take advantage of the recent selloff and buy Enbridge stock despite the uncertainty, as we think the risk from the CER decision may be partly offset by the possibility of share repurchases being announced at Enbridge’s investor day on December 7. We reiterate our Outperformer rating and $58 DCF-based price target."