Enbridge Inc T.ENB

Alternate Symbol(s): T.ENB.PF.G | T.ENB.PR.J | ENBMF | T.ENB.PF.K | T.ENB.PR.N | ENBNF | T.ENB.PF.U | T.ENB.PR.P | EBRGF | ENBOF | T.ENB.PF.V | T.ENB.PR.T | T.ENB.PR.A | T.ENB.PR.V | EBRZF | ENBRF | T.ENB.PR.B | T.ENB.PR.Y | ENB | T.ENB.PR.D | T.ENB.PR.Z | T.ENB.PR.F | EBBGF | ENBFF | T.ENB.PF.A | EBGEF | T.ENB.PR.G | EBBNF | ENBGF | T.ENB.PF.C | T.ENB.PR.H | ENNPF | ENBHF | T.ENB.PF.E | T.ENB.PR.I

Energy Oil & Gas Midstream

Enbridge Inc. is an energy transportation and distribution company. The Company operates through five business segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation, and Energy Services. Liquids Pipelines consists of pipelines and terminals in Canada and the United States that transport and export various grades of crude oil and other liquid hydrocarbons. Gas Transmission and Midstream consists of its investments in natural gas pipelines and gathering and processing facilities in Canada and the United States. Gas Distribution and Storage consists of its natural gas utility operations. Renewable Power Generation consists of investments in wind and solar assets, geothermal, waste heat recovery, and transmission assets. Energy Services provides physical commodity marketing, logistics services, and energy marketing services. The Company owns Aitken Creek Gas Storage facility and Aitken Creek North Gas Storage facility.

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Enbridge Inc > Income from this point

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Comment by Quintessential1on Feb 11, 2023 11:08am

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Post# 35281380

RE:RE:Income from this point

Furthermore CIBC Capital Markets state:

"There was a goodwill impairment charge of $2.5B in gas transmission due to higher cost of capital.

We view this as a curiosity in light of high system utilization and rate increase

experience, and attribute it to accounting conservatism"

They also state that it was an earnings beat so I will walk back that, "nobody misses like ENB", remark but usually earnings beats and misses are based on EPS.

All in all ENB looks good as does DCF so the div is safe and growth should occur as most pipes are in demand. By the time the TMX expansion comes online export demand to Asia and the EU may support all of Canada's pipes equally. TMX benefiting from Asian imports and ENB's southerly pipes benefiting from EU imports via the US Gulf Coast.

Go Enbridge! ;-)

Quintessential1 wrote: The market and I agree with you. Up over 2% today.

Nobody misses like ENB.

Go Enbridge! ;-)

SadieLadyCO wrote: is ONLY going to get better now. The impairment was a ONE time thing. Revenue will increase a lot.

I am looking at maybe $58 to $60 + by year end