ENB.TO Enbridge Inc. Loading... : Bullish and Bearish Analyst Opinions
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19:39
Sep 11
Sep 11
Exiting ENB on dilutive premium acquisition, risk appetite
The author argues Enbridge is issuing shares at 66.85 to pay a premium for assets, heavily diluting shareholders, which explains the stock's deep decline. They have been reducing their ENB position because management's risk appetite has become too aggressive, and would only consider re-entering if the dividend yield returns to 7-8% and financials have not deteriorated further. The main risk cited is continued deterioration of the company's financials.
HIGH
17:00
Sep 11
Sep 11
ENB buy on offering close, expect pop
The author views Enbridge as an extremely obvious buy given a bought-deal offering priced at $66.85 that tentatively closes on Monday. They expect the price to pop next week as the offering overhang clears, unless the broader market corrects materially. The main stated risk is a material market correction.
HIGH
About ENB.TO Analyst Coverage
Buzzberg tracks ENB.TO (Enbridge Inc.) across 1 sources. 1 bullish vs 0 bearish calls from 2 analysts. Sentiment: predominantly bullish (50%). 2 total trade ideas tracked. Past 7 days: 1 bullish, 1 watch. Latest voices: u/NotawoodpeckerOwner, u/Dangerous_Position79.