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Enbridge Inc. (ENB $65.68)
- $65.68 P/E (TTM): 24.96X Cap: $143.26B
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5i Report
Rating
B+
Review of Enbridge Inc.
SEP 24, 2024 - ENB operates as a natural gas utility provider and distributor, the company’s main business is to deliver clean, natural gas utility to a broad base of customers in a reliable, socially responsible manner. ENB’s business model delivers predictable cash flows and a growing stream of dividends year after year through capital investment and operational efficiency. We like the story here and would be open to upgrading the stock in the near term, however, to be conservative we are maintaining our rating at “B+” in this update.
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Q: Why do pipelines often weaken when the price of crude falls based upon high available supply ? Are their tolls tied to the price of crude ? I always thought the income was based upon the volume of oil moved vs the price of crude. Thank you.
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Enbridge Inc. (ENB $65.68)
- $65.68 P/E (TTM): 24.96X Cap: $143.26B
- View ENB Profile
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Q: What are your top 5 Cdn companies that are solid with safe dividend and pay a div of 4% or more? Thank you
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