Q: TRP or ENB and why?
5i Research Answer:
ENB is roughly double the size of TRP, while both stocks pay a yield of ~7.8%. ENB has shown slightly better price appreciation over the past five and 10 years versus TRP, and has better profitability. Valuation-wise, both are trading at roughly the same valuation, but ENB has a better free cash flow and debt profile. Overall, due to its larger size, better fundamentals, we would prefer ENB here today.