RE:RE:RE:RE:RE:Earnings Friday May 6 Before Market OpenWell max demand is max demand and full pipes are full.
We really can't sugar coat the fact that the share price can't grow without growth.
DId they grow?
EPS grew 1%, meh.
DCF grew 10% thats pretty good considering they are only giving out 3% more per year in dividends. Of course there is that NCIB if they choose to use it. Anyway the divvy appears safe.
Their guidance states:
"Our existing assets and execution of the secured capital program over our three-year plan is expected to support a 5-7% distributable cash flow per share compound average growth rate through 2024 relative to 2021. After providing for a strong balance sheet and ratable dividend growth, we'll possess $5-6 billion of annual investable capacity, which we'll continue to deploy in a disciplined manner to maximize shareholder returns." That sounds promising. Analysts have some pretty wide ranging price targets from $53 CAD to $79 CAD. I have to admit the $79 CAD guy seems out to lunch and the $53 CAD is definately in the range if absolutely everything in the market goes for dump on Enbridge. The next highest analyst comes in at $67 CAD and he is a 4 star Morgan Stanly analyst so I'll take that as a wish list high.
A possible drop of 10% in share price married with a potential gain of 15% all well collecting a 6% yield that will increase 3% per year and can you think of a better place to put your money?
You and I own BNS. Do you expect it to perform better? I don't.
Right now Enbridge looks better than bank stocks. Especially with O&G demand rising.
It is certainly as safe as bank stocks. My Bank stock dropped more and they are getting higher interest rates now and forecasted to climb higher. Go ahead compare your bank stocks YTD share price performance with ENB's. Now compare the yield. ENB looks good huh? Real Good!
It does to investors too and until it doesn't I think we will see more money being invested right here.
Go Enbridge! ;-)
FiddyFiddyOddzz wrote: QUIN - One must ponder just how high old Enbridge can go. We have a war in Ukraine, everyone hates Russian oil, the price of gas in Ontario is soon to be 2 bucks a liter, and yet Enbridge appears to have topped out at Fiddy nine oh nine. Like, that's it ?
My point being, what's the top price ? It can't go up forever, there has to be a ceiling. Is that ceiling 60 ? Perhaps, is it 70 or 80 ? I doubt it.
Place your bets and spin the wheel Homie. Gonna "stick" with the hand you're holding, or are you like Brittany, and saying "Hit Me Baby One More Time " ?
Quin wrote:"So are you swinging the div? Are you going to realize a cap gain on all of your previous gains to this point only to reinvest it all again on the dip after earnings and put your now newly unpaid tax capital on the line in the hopes that ENB will rise from the dip ashes and not plummet to lower support levels in the summer shoulder season?
Or are you just going to be sensible and ride the dip out and collect your easy peasy 6%?
You too can be in the 20k window man hall of fame. Except he isn't invested here anymore, is he?
Played the big swing and didn't get back in and still waiting for the big dip. Didn't see a Russian war coming did ya Kreskin?
Oh to just be happy invested in steady eddy Enbridge up 18% YTD and paying a 6% yield.
Go Enbridge! ;-)"