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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (145894)	3/13/2023 7:02:10 AM
From: Goose94	Read Replies (1) \| Respond to of 202060

Enbridge (ENB-T) top pick from Brianne Gardner on BNN.ca Market Call Friday March 10th @ 1200ET The pipeline and energy infrastructure giant transports more than 25 per cent of the total crude oil production in the North American region. The company recently provided it’s guidance for the year ahead and made its 28th annual dividend increase. The update reflected the strength of its business and the improving growth outlook. It is deleveraging the balance sheet and self-funding project spending. The ability to sustain this growth is due to being North America’s largest utility by customer base and has partnership projects in renewable power with the Canadian Pension Plan. It’s one of the highest-yielding real asset stocks and with a payout of roughly 60-70 per cent of its discretionary cash flow, the dividend should be safe. When interest rates start to fall, that will be extremely attractive. We have a target price of $60 which would give us 13 per cent upside plus the dividend. Last purchase was in February at $51.58, but we’ve owned it since 2021