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Strategies & Market Trends : Value Investing

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E_K_S
To: E_K_S who wrote (57926)9/6/2016 10:24:06 AM
From: gcrispin1 Recommendation   of 78672
 
What's driving both stocks higher is the announcement that they expect the dividend to grow 10-12 percent a year for the next eight years.

SE continues to be my third largest position. From the PR.

Bringing Enbridge and Spectra Energy together makes strong strategic and financial sense, and the all-stock nature of the Transaction provides shareholders of both companies with the opportunity to participate in the significant upside potential of the combined company. With combined secured projects in execution of C$26 billion (US$20 billion) and another C$48 billion (US$37 billion) of projects under development, the Transaction allows us to extend our anticipated 10-12 percent annual dividend growth through 2024. We believe our combination of best-in-class assets, superior growth and strong commercial underpinning of our business will be unrivaled in our sector. Importantly, we will preserve and enhance our shareholder value proposition, which centers on delivering consistent growth with a low-risk business model.
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