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Relatively simple thesis here, 6.5 per cent dividend yield while you wait for incremental demand for Enbridge’s infrastructure capabilities to materialize. Dividend growth will be modest as the company de-levers and there is little if any regulatory risk in the foreground at present. Not terribly exciting but a relatively solid value proposition in an uncertain world. stockchase.com
Not a lot of regulatory noise, for the first time in a while. He's expecting positive news on Maineline tolling. Core pipeline network is going to continue to fund a lot of free cashflow. Infrastructure expertise now has continental reach. Potential for energy funds to flow into Canada and ENB will benefit. He has about a 6% position. Over next 10 years, opportunity for total return of dividend plus capital appreciation is pretty great. Yield is 6.56%.
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