RE:RE:RE:RE:Value investingTrack record of dividend is important but I also emphasis on the fiscal retrain and discipline of the BOD. I was very unheappy about their 3% dividend increase in two years but I can understand they are building a war chest.
Look at SU or IMO, how many of them pursuit new business sector. Yes, they have their mandate but I want to put my money on those planning for the future. With the EV becomes so hot, I would not double ENB will develop a lithium battery disposal facility. That is something not many is doing it now.
NPCexe wrote: That's why history matters...it has never cut its dividend unlike SU, which is why I am weary to have my money in oil stocks... my plan was to make a bunch of money and throw it in ENB, and I'm gonna stick to that plan once SU pays off. ENB is just steady easy money
ckwong wrote: I like your strategy NPCexe. ENB may not immune from the market down cycle but you average out and the dividend high, I had to decide between ENF and ENB and selected ENF because of the yield was 7+% and ENB was 3%. ENB absorbed ENF. Now ENB is 6+% and grows steadily. It will be doing fine though the coming economic cycles.
To build on WindsorGuy's comment, ENB is not just an oil industry utility servicing the oil industry, a consumer utility that supply NG, it also evolves with the market need like expanding the LNG port and wind foarms as well as carbon storage. It is better than an ETF.
NPCexe wrote: Nibbling away at a few more ENB shares before ex div. This thing is gonna run to 60 by eoy
WindsorGuy wrote: My largest holding is Enbridge. Recently raised dividend and takes toll on oil, nat gas and propane volumes. Also is a retailer of gas in Ontario and renewable power in Europe. An all in one utility. GLTA