Bullboard - Stock Discussion Forum Enbridge Inc T.ENB

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

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... see more

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TSX:ENB - Post Discussion

Enbridge Inc > Income from this point

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Post by SadieLadyCO on Feb 10, 2023 11:57am

Income from this point

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

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Comment by prabhatmalik on Feb 10, 2023 1:12pm

Hope so but I doubt it.

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Comment by Grandmoff000007 on Feb 10, 2023 3:17pm

I'm going to guess a trading range for the rest of the year of $49 to $55. Buy the dips.

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Comment by Quintessential1 on Feb 10, 2023 7:29pm

The market and I agree with you. Up over 2% today. Nobody misses like ENB. Go Enbridge! ;-)

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Comment by Quintessential1 on Feb 11, 2023 11:08am

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 ...more

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Enbridge Inc