Enbridge Inc T.ENB

CIBC upgrade $58 CAD

[Quintessential1]

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."

[FiddyFiddyOddz]

Reasonable price target, and would put ENB a little above what it was in March 2020.  Quin wrote:""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

[autofocus111]

Fiddy I re-iterate yet again my ENB price target of $60. The question is when it gets there, what are you gonna do... buy, sell, or hold?

[autofocus111]

Just to clarify... by buy I mean continue to drip (I assume you've been dripping all along?).

[FiddyFiddyOddz]

AUTO - I'll cross that bridge if and when we get to it.  Let's at least get by the big ruling Friday and see how that goes first. We might be under Fiddy again if Friday doesn't go as planned... Auto wrote:"Fiddy I re-iterate yet again my ENB price target of $60. The question is when it gets there, what are you gonna do... buy, sell, or hold?"

[FiddyFiddyOddz]

AUTO - The fiddy 8 dollar price target was issued before  news of the latest variant came out. With the new variant being a HUGE unknown, the 58 dollar price target means nothing. Auto wrote:"Fiddy I re-iterate yet again my ENB price target of $60. The question is when it gets there, what are you gonna do... buy, sell, or hold?"

[autofocus111]

Fiddy Every cv variant is a huge unkown. Maybe the earth will stop spinning. Maybe all human activity will grind to a permanent halt (but probably not)  I am happy to continue to collect (drip) ENB below 60. Shares collected below 45 I will sell above 50. At 60 the yield drops to ~5.5% and I will stop dripping. That's my plan and I'm sticking to it.

[FiddyFiddyOddz]

AUTO - Guess we'll find out in a couple of weeks how this variant plays out, in the meantime, the mere mention of it has been enough for the TSX to have it's biggest drop since January - Good Times Indeed: “We understand the concern of experts and have immediately initiated investigations on variant B.1.1.529,” BioNTech, the German company that partnered with Pfizer to make its Covid

[silkos]

Hope you are taking advantage of today's discounted s/p! Lots of great companies on sale today, the best black friday deal ever!

[BlueGuitar1]

Unfortunately, I think we will go lower for a better entry point. 

[FiddyFiddyOddz]

People soon forget ENB was at 33 bucks not so long ago......

[Quintessential1]

Share 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.