Enbridge

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Hi coaches, Enbridge… time to sell and invest only in renewables or hold on to it for a few years more ?

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Asked on February 5, 2024 5:03 am
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Hey there. I actually just answered a question on Enbridge a few spots below this one. Here is my answer:

I'm not the biggest fan of Enbridge. We used to be, but over the years we've become much bigger fans of Pembina than Enbridge. The debt loads are quite high, which will likely limit the company's flexibility and dividend growth moving forward.
Pembina has really started to separate itself from Enbridge over the last 2-3 years, doubling up on the company in terms of total returns. We just sold Enbridge for Pembina in our All-Canadian income model portfolio, and Pembina is also on our Dividend Bull List.
I'll drop a link to our report below. It will be updated when Pembina reports fresh earnings

https://www.stocktrades.ca/premiumfiles/Stocktrades-Premium-Pembina-Pipeline-PPL.pdf

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Posted by Dan Kent
Answered on February 6, 2024 7:20 am