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Enbridge Inc. (ENB)
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TC Energy Corporation (TRP)
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Pembina Pipeline Corporation (PPL)
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Keyera Corp. (KEY)
Q: This seems like an ideal entry point for these stocks.!
On May 4/23 you were asked to rank the above by expected Total Return and Dividend Safety.
1. How would you rank them today?
2. Looking forward what are the key points that would support your rankings for total return?
3.What are their projections for dividend increases and which if any seem to be over-reaches?
4.What are their projected Debt vs Cash Flow metrics?
Thank you, Hugh
On May 4/23 you were asked to rank the above by expected Total Return and Dividend Safety.
1. How would you rank them today?
2. Looking forward what are the key points that would support your rankings for total return?
3.What are their projections for dividend increases and which if any seem to be over-reaches?
4.What are their projected Debt vs Cash Flow metrics?
Thank you, Hugh
5i Research Answer:
1) ENB, PPL, KEY, TRP
2) ENB (our favorite in the sector), PPL (faster growth than TRP), TRP (completion of the pipeline), and KEY (debt to cash multiple lower than ENB and TRP, higher than PPL).
3) ENB - Dividend expected to increase by 3-4% each year of 2023 and 2024
PPL - between 2.5-4%
TRP - 2.5-4%
KEY - 1-4%
4) 2024 forecast
ENB - 6.9X
PPL - 4.0X
TRP - 7.8X
KEY - 4.4X