| TOP PICK | 43.380 | Bruce Campbell | A way to get a resource and oil play without having to worry about the price. Good yield. 8% to 10% earnings growth. Growth on the pipeline side over the next few years. Safe resource play. | 2008-08-18 | |
| TOP PICK | 41.550 | Laura Wallace | Huge amount of capital projects ahead. Highly visible 10% earnings per share growth rate probably through 2012 to 2013. Dividend of 3.2%. Return not spectacular but in the 12% to 15% range. | 2008-07-10 | |
| HOLD | 41.420 | Michael Sprung | Easing off with the little bit of a pullback in gas prices. There always has been a seasonal aspect to this company and we are coming into the summer season. Excellently managed company. Over the long term has produced fairly good returns. Not badly priced if you are holding for the long-term. Would prefer to see it at $35 - $36. | 2008-04-30 | |
| SELL | 41.600 | Robert Floyd | A fairly steady company. Decent utility. Very steady earnings. More of a defensive security. He would look at another part of the market. Poor income oriented investors, Hold. | 2008-04-29 | |
| HOLD | 42.400 | David Cockfield | (Market Call Minute.) Looks a little expensive here. | 2008-04-24 | |
| BUY | 42.330 | David Burrows | Would be a buyer of this stock. It’s performing really well. Comfortable holding it here. Likely to raise its dividend. | 2008-03-31 | |
| TOP PICK | 41.420 | Laura Wallace | Pipeline company, energy infrastructure. A large part of their earnings are regulated. Yields over 3%. Forecasting growth for 2012 at 10% to 11%. The combination of the dividend, which is expected to grow in the 6% to 10% range, plus the earnings growth, gives you a pretty comfortable 15% to 17% returning stock on a 5-year horizon. Energy infrastructure will continue to be a major area in North America. | 2008-03-12 | |
| PAST TOP PICK | 40.200 | Paul Gardner, CFA | (A Top Pick Feb 5/07. Up 9.8% including dividends.) Great margins. Terrific management. A great consistent regulated company. Interest-rate sensitive, which is positive currently. | 2008-02-05 | |
| BUY | 38.340 | David Burrows | If you are going to own equities through a difficult economy and market, yield is something you should look at. There are a bunch of companies in the Canadian market that have hung on pretty well. Look at TransCanada (TRP-T), Transalta (TA-T), Fortis (FTS-T) or an Enbridge (ENB). | 2008-01-28 | |
| BUY | 38.200 | David Burrows | If you have too own anything, this looks pretty good. From a total return standpoint, there is not a lot of risk and you get paid a nice yield along the way. A Buy, but wait until the smoke clears. | 2008-01-18 | |
| TOP PICK | 40.400 | Bill Harris | An unbelievable company. Looks like they'll do about $1.90 in earnings. Over the next 5 years they should get close to $4. Have $9 billion in projects. 3% dividend. Try to buy it a couple of $’s lower. | 2007-11-05 | |
| DON'T BUY | 35.850 | Brian Acker, CA | Negative 15% differential. Utilities are way to expensive to buy here, wouldn’t recommend. | 2007-09-20 | |
| BUY | 35.590 | Bill Carrigan | He likes it because it is an infrastructure play too. 3.5% yield. It was up on a down day, so it looks okay. Probably where nervous money will go. | 2007-09-05 | |
| HOLD | 34.850 | Don Vialoux | Seasonal strength is from the end of July to the end of December. Technically the chart does not look too good. The trend is down and it broke a support this month. Technicals are not positive yet, but they probably will turn positive fairly soon. | 2007-08-27 | |
| Comment | 34.790 | John Stephenson | Has several pipeline projects. Prefers Trans Canada (TRP-T) right now because of its growth, but Enbridge should overtake it down the road. | 2007-08-21 | |
| PAST TOP PICK | 37.210 | Bill Carrigan | (A Top Pick July 17/06. Up 6.4%.) Still likes it. Huge infrastructure play and expects the money will go into it. | 2007-07-30 | |
| PAST TOP PICK | 36.490 | Bill Carrigan | (A Top Pick July 17/06. Up 5.5%.) Think this will be OK. If you own, Hold. | 2007-07-10 | |
| TOP PICK | 35.790 | Bill Harris | Everyone is nervous about interest rates backing up. Probably not a bad time to own a high quality asset like this. Not cheap, but there are fewer and fewer available. A unique asset. Hold for the long term. | 2007-06-25 | |
| HOLD | 36.110 | Michael Decter | Good solid value. Positive on natural gas. | 2007-06-20 | |
| HOLD | 36.880 | John Stephenson | A good name. Recent volatility due to
1. looking for money by selling shares, which reduces equity for share holders, and didn't give a reason for wanting the money.
2. Interest rates are going up, which isn't good for an interest sensitive stocks like this.
Still thinks the company will do well. | 2007-06-06 | |
| Comment | 37.440 | Laura Wallace | Thinks that the power generation infrastructure spending is a really great place to be on and is a decade long play. Excellent dividend yield. Trading at the top of its multiple range | 2007-05-23 | |
| PAST TOP PICK | 37.500 | Bill Carrigan | (A Top Pick July 17/06. Up 7.7%.) It has corrected and is now about to make another advance. Would be fine as a Buy. | 2007-05-15 | |
| BUY | 37.680 | Bruce Campbell | Boring pipeline company that pays a 3%-4% dividend and grows 8 to 10%. Good thing in this kind of market. Good defensive play. | 2007-05-09 | |
| TOP PICK | 37.280 | Paul Gardner, CFA | A great divident stock. Also has growth component. | 2007-05-03 | |
| Comment | 37.200 | Peter Brieger | Direction of interest rates will affect the pricing of utilities and Interest has been creeping up. Looking at the 6 pipelines, the cheapest are TransCanada (TRP-T) and Inter Pipeline (IPL.UN-T). If you own, Hold and if you see disparity between it and TransCanada widening, consider switching. | 2007-04-18 | |
| DON'T BUY | 36.980 | Brian Acker, CA | Dividend paying stocks are very overvalued. This on has been overpriced for some time. He has a model price of $30.56 which is a 17% negative differential. | 2007-04-12 | |
| PARTIAL BUY | 37.820 | Jeff Parent | Downward sloping trend, but is currently trading near support of $36.20. If it reaches this, there's a good chance it will bounce off. If it goes $.50-$1 below, then exit. Stock has been oversold. Good place to pick up if you don't own. | 2007-03-09 | |
| HOLD | 38.230 | Peter Brieger | Prefers Fort Chicago (FCE.UN-T), Inter Pipeline (IPL.UN-T) and Pembina (PIF.UN-T), but this will give you good long-term results. Feels the pipeline business is a growth business. | 2007-02-19 | |
| BUY | 38.000 | Bruce Campbell | 3.25% dividend yield. Did a large secondary offering that closed last week, which is why it is down. Good entry point for a long-term hold. It will give you 8%-12%, fairly low risk return. | 2007-02-05 | |
| TOP PICK | 38.000 | Paul Gardner, CFA | 2/3 of their revenue comes from the liquid pipeline. Trades at around 3 X book. PE is about 20 X and the dividend is around 3%. A defensive play. They will increase their dividend and it is sustainable. | 2007-02-05 | |
| BUY | 38.310 | Laura Wallace | Demand for energy infrastructure is going to continue to increase. Price/earnings ratios for these companies are above historical averages, but still resemble investments here. Likes the dividends. | 2007-01-31 | |
| BUY | 39.520 | David Baskin | A good buy for income seekers only. | 2007-01-10 | |
| BUY | 41.240 | Paul Harris, CFA | Enbridge (ENB-T) and Transalta (TA-T) are good holds. A lot of money flowed to them from income trusts after the tax rules were changed. | 2006-12-12 | |
| HOLD | 41.070 | Michael Sprung | A very well managed company and this would be a core holding for a portfolio. Generous dividend. Could be a bit of seasonality to the stock. | 2006-12-08 | |
| SELL | 40.040 | Peter Brieger | Although the street has a love affair with Transcanada (TRP-T) and Enbridge (ENB-T), P/E ratios and yield for these 2 are ridiculous compared to pipeline trusts. Would move his money. | 2006-11-29 | |
| PAST TOP PICK | 39.340 | Bill Harris | (A Top Pick Sept 1/06. Up 8.8%.) Has been a beneficiary from the fallout of the trust world. A great stock to own. | 2006-11-20 | |
| BUY | 38.960 | Ian Nakamoto | Good high paying dividend. Expects the Bank of Canada will reduce interest rates next year and high dividend stocks will be in demand. | 2006-11-07 | |
| DON'T BUY | 35.480 | Brian Acker, CA | Has never liked TransCanada (TRP-T) Enbridge (ENB-T) or Transalta (TA-T). Finding more value elsewhere. | 2006-10-17 | |
| DON'T BUY | 35.560 | Bruce Campbell | 3% dividend. Growth will probably be in the 10% range. Would like it $1/2 lower. | 2006-10-05 | |
| BUY | 35.950 | Paul Harris, CFA | A great entry point. Good solid company. | 2006-10-04 | |
| BUY | 35.180 | Rob Callander | A good, dividend paying, sustainable, stable company. Good defensive play in this volatile market. | 2006-09-12 | |
| BUY | 34.950 | Bruce Campbell | A good entry point. Pulling back as it did 6/9 months ago because it was energy-related. Going forward, the right related side looks better. 3% dividend. | 2006-09-11 | |
| BUY | 36.450 | Norman Levine | One of the biggest pipeline companies in Canada and pipelines, utilities, telephones is an area that is both defensive interest-sensitive. A good place to be. 3% yield. | 2006-09-05 | |
| WEAK BUY | 36.540 | Martin Hubbes, CFA | Trading at a P/E multiple above its historic range. Good company, but not cheap. | 2006-09-01 | |
| TOP PICK | 36.540 | Bill Harris | Not a cheap stock. Industry will need a lot of upgrading of infrastructure and this company spends $4 million a year on maintenance. It looks like a sustainable asset. | 2006-09-01 | |
| DON'T BUY | 36.390 | Brian Acker, CA | Its model price is $28.72. A negative 21.5% differential. | 2006-08-31 | |
| PAST TOP PICK | 35.630 | Laura Wallace | (A Top Pick May 17/06. Up 7.5%.) Continues to like it. Good record of increasing dividends. The whole power/energy sector is going to continue to be of interest for the balance of the decade. | 2006-08-21 | |
| DON'T BUY | 35.480 | Robert Floyd | Or defensive stock and a lot of investors had been switching into this in the last little while. Upside is limited. | 2006-08-18 | |
| BUY | 35.760 | Paul Harris, CFA | Well-run company and pays a reasonable dividend. Good management. | 2006-08-15 | |
| DON'T BUY | 36.870 | Bruce Campbell | Thinks it's worth about $39, so with a 3% dividend, there is less than 10% upside and with the volatility of recent markets, he would wait for a $2 pullback. | 2006-08-10 | |
| PAST TOP PICK | 36.870 | Gavin Graham | (A Top Pick Sept 6/05. Up 2.6% plus the dividend.) An interest-rate sensitive stock. As interest rates have stopped going up, this is a good stock to own. | 2006-08-10 | |
| BUY | 36.190 | David Baskin | Everyone should own this or TransCanada (TRP-T), but not both. Has some good growth possibilities but the yield and growth prospects are better with TransCanada. | 2006-07-27 | |
| DON'T BUY | 35.500 | Larry Berman CFA, CMT, CTA | In the longer term, you want exposure in pipelines. Pretty much defining a trading range between $33 and $36. Not an ideal time to buy. | 2006-07-24 | |
| PAST TOP PICK | 34.570 | Laura Wallace | (A Top Pick May 17/06. Up 7%.) Still likes it and thinks it is still reasonable value. | 2006-07-20 | |
| BUY | 34.570 | Laura Wallace | On a dividend paying stock, look for someone who can grow the dividend. | 2006-07-20 | |
| DON'T BUY | 34.700 | Peter Brieger | The price to cash flow ratio is 10.8. Yield is 3.25%. However, he has opted to focus on Inter Pipeline (IPL.UN-T), Fort Chicago (FCE.UN-T) and Pembina Pipeline (PIF.UN-T) which has a higher price to cash flow ratio but a yield of 7/7.25%. | 2006-07-18 | |
| TOP PICK | 34.810 | Bill Carrigan | Doesn't own, but is thinking of stepping in. And infrastructure play that is perfect for this time in the cycle. It will attract nervous money. Good yield. | 2006-07-17 | |
| BUY on WEAKNESS | 35.250 | David Cockfield | Likes it under $33. Has a reasonable yield. One of the biggest pipeline companies in North America with one of the better managements. Will continue to expand. | 2006-07-13 | |
| BUY | 34.460 | Bruce Campbell | Way to get some energy weighting as it is exposed to the building of new pipelines and growth of existing ones. Looking at 8/9% earnings growth over the next 5 years plus the 3% dividend. | 2006-07-05 | |
| BUY | 33.650 | John Stephenson | Has potential growth. | 2006-06-28 | |
| DON'T BUY | 34.550 | James Cole, BA, CFA | An outstanding business. Have done a fabulous job over a long period of time. Because everybody is chasing yields, pipeline company's trading at 18 X earnings simply because they have a high payout ratio of earnings. Too expensive. | 2006-05-31 | |
| BUY | 32.120 | Bruce Campbell | Earnings have been in line the last few quarters. We'll show high single digit growth going forward. Weakness is probably due to interest rate jitters. 3% dividend. Cheap. | 2006-05-23 | |
| TOP PICK | 32.450 | Laura Wallace | Dropped from $39 to $32 which makes it appealing. Great dividend yield and great record of increasing dividends. Big appeal on a longer term basis is the building of a pipeline to take the product from the oil sands. Great long-term holding. 7% growth plus 3% dividend gives a 10% holding. | 2006-05-17 | |
| BUY | 32.530 | Brad Willock | The utilities go up and down with yields. A great company. Dividend yield is 3.5%. Once people the side that interest rates in Canada are not going to continue to go up, money will come back in. A safe holding. | 2006-05-11 | |
| DON'T BUY | 33.590 | John Zechner | A good long-term story, but very little growth. Single digit growth over the next four years. Trading at a multiple of about 20 X earnings. | 2006-04-26 | |
| TOP PICK | 33.250 | Wilf Gobert | One of North America's largest oil pipeline companies. Most closely tied to major oil sands expenditures and growth. Have $8 billion in construction projects on their drawing boards. A growth story. Terrific dividend history. | 2006-04-25 | |
| BUY | 33.000 | Laura Wallace | Utility stocks have been very disappointing performers in the last quarter. Part of it has to do with the rise in interest rates. Thinks the sector is an interesting long-term area. Thinks there will be a lot of pipeline expansion and energy oriented expenditures over the next 5/10 years. A low risk investment. Could go higher. | 2006-04-06 | |
| BUY | 33.150 | Gordon Higgins, CA, MBA, CFA | Prefers Trans Canada (TRP-T) which has a better earnings profile but there's nothing wrong with this company. A stable yield. | 2006-04-05 | |
| BUY | 33.150 | John Stephenson | Interest sensitive, but prefers over TransCanada Pipe TRP-T) because it has more growth. | 2006-04-05 | |
| DON'T BUY | 33.300 | Peter Brieger | The growth of pipelines is going to be astounding. It's going to be a great place to be in, however, this one is terribly expensive at !0.8 X to cash flow. If you look at the charts of the utilities, they are starting to roll a bit. | 2006-04-03 | |
| TOP PICK | 33.300 | Bruce Campbell | Yield of 3.5%. Has pulled back which gives it a good entry point. The group was oversold and is now a little bit out of a favour. There is expansion in pipelines and he is expecting 9/10% growth. | 2006-04-03 | |
| BUY | 33.800 | David Baskin | Going down because of interest rates. All utility stocks become less attractive as people move into T-bills and short-term bonds. The changes to dividend tax rates outside of RRSP are going to make these stocks increasingly attractive. | 2006-03-27 | |
| BUY | 34.450 | John Stephenson | Can see it going higher. Has 4/5 strategic initiatives. An aggressive competitor and really trying to grow their business. Reasonable yield and excellent management team. | 2006-03-22 | |
| HOLD | 35.340 | Laura Wallace | She owns this stock and continues to like it. It is better to be in the common equity than a trust because this is where you get the most upside potential. Utilities stocks have been stalled because of interest rate views. There are also concerns about what is going to happen to the MacKenzie pipeline. Predicts delivery of energy will be in high demand and Enbridge is well positioned for that. | 2006-03-15 | |
| BUY | 34.930 | Bruce Campbell | Buying under $35. Has a little better growth then Transcanada. $40 is a bit high. | 2006-03-06 | |
| HOLD | 34.750 | Bob Stodgell | Good long term holding. Excellent investment. Conservative stock. He owns and is holding. | 2006-03-02 | |
| BUY | 36.130 | Bruce Campbell | He prefers ENB over TRP. It has better earnings and growth.(2-3%)
Less volatile. | 2006-02-25 | |
| DON'T BUY | 36.210 | Gordon Higgins, CA, MBA, CFA | Expensive stock. Prefers TransCanada. | 2006-02-21 | |
| DON'T BUY | 35.970 | Michael Sprung | Extremely well managed. They have one of the best distribution systems in Canada. On a valuation basis, it's always just a little ahead of where he would like to buy it. | 2006-02-02 | |
| BUY | 36.130 | David Baskin | Good dividend. Good prospects going forward. | 2006-02-01 | |
| BUY | 36.650 | John Stephenson | Prefers over a pipeline trust as capital is not been paid out to unit holders. You are keeping some of the capital back for growth. They have several irons in the fire. A name that should do fairly well. | 2006-01-25 | |
| BUY | 35.290 | Glenn MacNeill, P.Eng. | A nice boring stock. Have done a good job of moving oil/gas through their pipelines. Reasonably well managed. Would like to see them grow a little more in their revenues and earnings sides. Pays a good dividend. Reasonable growth rate. | 2006-01-18 | |
| DON'T BUY | 36.000 | John Zechner | Not that comfortable buying at this level. A good company, but you are paying close too 20 X earnings was earnings are not growing or only at single digit. | 2006-01-16 | |
| TOP PICK | 36.000 | Bill MacLachlan | Likes it for its yield, but also sees some good growth potential. They have the world's longest oil and liquids pipeline. Recently did some major power deals in Ontario as well. There is great growth potential with this Gateway pipeline which will go from the tar sands to the West Coast. Has executed extremely well. | 2006-01-10 | |
| BUY | 36.240 | David Baskin | A good steady hold. Dividend stocks will be the things to own in 2006 based on the governments stance on dividend taxation. | 2006-01-04 | |
| BUY | 35.570 | Norman Levine | A great name with a great track record. Buy if you are looking for dividend yield. A lot of dividend stocks in Canada are starting to look expensive compared to their counterparts outside of Canada. | 2005-12-13 | |
| BUY | 35.940 | Bruce Campbell | Can see a little bit of growth so it could reach $40. | 2005-11-21 | |
| BUY | 36.880 | Bill MacLachlan | Not as cyclical or as risky as a gas play such as Encana (ECA-T). If you are more for the income side and looking for a dividend, this would be a good choice. | 2005-11-04 | |
| BUY | 34.920 | David Baskin | Has tremendous opportunity if the northern extension of the pipeline ever does get going and it does look like that will happen. The piping of natural gas, natural gas liquids and oils to the US market will expand. A cornerstone of a well diversified portfolio. | 2005-10-24 | |
| SELL | 34.760 | Ross Healey | At an all time high and doesn't have much upside potential. Would take profits in anticipation of lower prices. | 2005-10-13 | |
| HOLD | 38.000 | Bill MacLachlan | Performed very well but have no plans to take profits or add to it because of the price. | 2005-09-23 | |
| TOP PICK | 36.190 | Gavin Graham | A gas pipeline utility. Could be a takeover or might be turned into an income trust. Also have some pipelines in the Gulf of Mexico and most of them are still working. Has some interesting growth opportunities. 2.8% yield. | 2005-09-06 | |
| DON'T BUY | 35.060 | John Stephenson | One of the strategic things they are doing as a crude oil pipeline company is trying to build up their resources and their infrastructure in the tar sands. It will be harder for them to do having a competitor like Kinder Morgan (KMI-N), a strategic partner of Terasen (TER-T) which is a player in the tar sands. Fairly valued. | 2005-09-01 | |
| DON'T BUY | 34.720 | David Taylor, MBA, CFA | Well run company. Trading at 20 X earnings and growing at 5% a year. Probably belongs in a low risk dividend fund. Just doesn't get all that excited about it. | 2005-08-29 | |
| BUY | 34.250 | David Cockfield | Very positive on the pipelines. Have moved up in price, so not cheap, but still have a pretty good dividend. Can see the energy sector growing in Canada substantially, so the pipelines are going to be the ones expanding. Good long term investment. | 2005-08-18 | |
| BUY | 34.050 | David Baskin | A lot of people think pipeline stocks should trade on yield rather than on earnings potential. If you think that bond prices are going to go down and the yield is going to go up, all of the utilities are a suspect asset class. On the other hand if you think pipelines are going to benefit from the pipeline in the north, then they are growth stocks. Good price. | 2005-08-16 | |
| BUY | 36.250 | David Burrows | The strongest part of the market in the last year, from a risk adjusted basis, has been the utilities. Between the yield and the energy base, this is attractive. Stock is performing really well. | 2005-08-04 | |
| BUY on WEAKNESS | 34.680 | David Cockfield | An interest sensitive stock, however he considers the whole pipeline sector as a growth sector. Every time they build another 100,000 barrel plant in the tar sands, they have to ship it by pipe. | 2005-07-22 | |
| HOLD | 34.500 | Michael Smedley | | 2005-07-20 | |
| BUY | 34.710 | Laura Wallace | Yielding close to 3%. These power pipeline companies are trading at fairly high P/E multiples on a historical basis in the 20/21 range. Likes this one and its strategy. A good long term investment. | 2005-07-19 | |
Experts that have talked about Enbridge
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