RE:Good buying opportunityI agree with the comments and suspect it comes from some kind of publication or anlyst reccomendation but without a link or a reference I have no idea who wrote this. Who is MF? Your dad?
Anyway like I said I agree with the comments. There is only so long a business this size can acquire growth, given anti-trust and competition laws within the industry and there is only so much organic growth it can provide given its size that will satisfy investors. The solution appears to be to become lean and mean in its existing operations and generate that DCF with lower costs and higher margins.
Growing outside of its, (percieved) industry is not a problem and actually compliments its existing business. For those that think Enbridge is merely an Oil and Gas pipline may or may not pleased to learn that is actually an Energy Delivery and Storage Utility. Every dollar spent on ESG projects like wind and solar generation provides meaningfull carbon reduction targets for its O&G segment as well as a robust and protracted future as the internal green energy consumption of today can be exteranalized tomorrow quite easily for profit.
Go Enbridge! ;-)
equityresearch wrote: “Enbridge is one of the most reliable investments for investors with a long-term mindset. Its diversified revenues and highly predictable utility-like cash flow position it well to consistently deliver strong shareholders’ returns. Further, its robust secured capital program will likely drive strong growth in the coming years. Looking ahead, Enbridge plans to optimize its asset returns through revenue inflators and productivity enhancements. Moreover, strategic acquisitions will boost its growth rate. Enbridge remains on track to bolster its shareholders’ returns through share repurchases and dividend payments. Further, it expects to generate $5-6 billion annually in the investable capacity to support long-term growth and drive cash flows. It has grown dividends for 27 consecutive years and is yielding over 7%.” - MF