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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (64166)	10/22/2019 8:06:16 PM
From: Goose94	Read Replies (2) of 202988

Enbridge (ENB-T) revisited top pick from Michael Sprung on BNN.ca Market Call Tuesday Oct 22nd @ 1200ET Enbridge is a leading energy generation, distribution and transportation company in the U.S. and Canada. Its pipeline network includes the Canadian Mainline system, regional oil sands pipelines and natural gas pipelines. The company also owns and operates a regulated natural gas utility and Canada's largest natural gas distribution company. Additionally, Enbridge generates renewable and alternative energy, with 2,000 megawatts of capacity. Export pipe capacity is tight and Enbridge has the ability to supply some incremental relief through Mainline at modest capital cost. The company's stepped up asset monetization program has reduced leverage ahead of schedule. Enbridge has a highly contracted cash flow profile, financial flexibility and a secured $22-billion growth program. The current valuation is over-discounting issues with the Line 3 replacement and the possible Line 5 shutdown. A decision on Mainline contracting favoured Enbridge’s customers. At current prices, the stock yields 6.2 per cent.

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