Bullboard - Stock Discussion Forum Enbridge Inc T.ENB.PR.F

Primary Symbol: T.ENB Alternate Symbol(s): EBBNF | ENBFF | T.ENB.PF.A | T.ENB.PR.G | ENBGF | T.ENB.PF.C | T.ENB.PR.H | ENBHF | ENNPF | T.ENB.PF.E | T.ENB.PR.I | 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 | ENBOF | EBRGF | T.ENB.PF.V | T.ENB.PR.T | T.ENB.PR.A | T.ENB.PR.V | ENBRF | EBRZF | T.ENB.PR.B | T.ENB.PR.Y | ENB | T.ENB.PR.D | EBBGF | T.ENB.PR.Z | EBGEF

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 > Chris Blumas - BNN -TOP PICK

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Post by Possibleidiot01 on Dec 13, 2023 3:11pm

Chris Blumas - BNN -TOP PICK

TOP PICK

For income-seeking investors. In a tough environment, was able to do an acquisition. Well run, very defensive cashflow. Diversifying business. Dirt cheap, 8x cashflow. Durable, defensive business model. Yield is 8%.

(Analysts’ price target is $52.91)

oil / gas pipelines

$47.425

Owned

Enbridge (ENB TSX)

Enbridge is a North American-focused energy infrastructure company with a lower-risk business model. The company has low commodity price exposure, strong contracts, and low counterparty credit risk. Enbridge recently announced a deal to buy three U.S. gas utilities from Dominion Energy for around $19 billion in an all-cash transaction that is expected to close next year. This transaction will help the company grow its earnings and cash flows and further enhance asset diversification. The shares currently trade at 8.5 times forward distributable cash flow. It has a dividend yield of 7.7 per cent with a cash flow payout ratio of around 65 per cent.

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