Enbridge Has 40% Upside Potential [Seeking Alpha]
Enbridge Inc (ENB)
Last enbridge inc earnings: 2/14 07:00 am
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US:NYSE Investor Relations:
enbridge.com/investment-center/dashboard
Company Research
Source: Seeking Alpha
Enbridge Has 40% Upside PotentialSummaryLike many Canadian energy stocks these days - Enbridge has suffered a massive sell-off: down 14% YTD and down 20% since the merger with Spectra was completed.But ENB's liquids pipelines in Canada are running at full capacity. And its storage assets benefit from the back-up in Canadian supply.Dividend growth prospects are excellent and management has committed to growing the dividend at a 10% CAGR through 2020.An analysis of EV/EBITDA at a 14x midstream multiple (using 2018 estimated EBITDA) indicate shares are deeply discounted.The shares could easily trade up 40%, or to $46, from the current $33. Add in the current 6.3% dividend and the total return would be 45%+.
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ENB
News
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ENB
Earnings
- 2/9/24 - Beat
ENB
Sec Filings
- 4/5/24 - Form 8-K
- 4/4/24 - Form 424B5
- 4/2/24 - Form FWP
- ENB's page on the SEC website