Enbridge (Symbol-ENB)..are we getting close to a buy???

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biggy
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Enbridge (Symbol-ENB)..are we getting close to a buy???

Post by biggy »

I've been keeping track of ENB and have decided to look at it more closely if the price drops to the $33 - 34 range. At that range the dividend yield is about 3.3%. The company seems strong and their dividend has been slowly rising over the years.

Any thoughts would be appreciated.... thanks....
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Post by WC »

Hi

I have ENB and don't plan to sell.
Current div yield is 3.34% I belive.
You want to hold out for that extra 0.1%???
What if the price just dosn't come down? You'll feel pretty *#@% for holding out.
I know I've done it. I guess I'm greedy LOL
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Post by 2 yen »

Bought Enbridge at $35 or so and plan on keeping it forever. Ask yourself if you want to own Enbridge when you are old. If yes, the price now doesn't matter, unless you are really old and thinking about your estate! Enbridge, Trans Canada, a couple of banks, TransAlta, Russell, IGM, Power Corp, etc should be part of your blue chip Canadian holdings.
Remember, the dividend tax credit means low tax on these dividends as well. Go for it.
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yielder
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Post by yielder »

If you are buying only for the income and are comfortable with a 3.3% yield and 7-8% dividend growth, then you buy it here. However, expect to see little price appreciation for a while or even a price decline because the current PE of 23 is as high as it's been over the past 10 years.

Disclosure: I own ENB.
biggy
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P/E Ratio

Post by biggy »

Assuming a P/E ratio of 23 is high , what ratio a more acceptable P/E ratio ?
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Post by Operabob »

I DRIP it.

They've got an excellent PLAN.

I'm up 167% with more than a third of that from reinvested dividends.

OB
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Shakespeare
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Post by Shakespeare »

what ratio a more acceptable P/E ratio ?
If you go to the G&M site and enter "ENB" into their stock look-up, you will get a nice workup that includes this in the lower left-hand corner:

Image

And it's free. :wink:

P.S. I bought a partial position this morning - not a great price, but a good stock.
Sic transit gloria mundi. Tuesday is usually worse. - Robert A. Heinlein, Starman Jones
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Bylo Selhi
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Post by Bylo Selhi »

Shakespeare wrote:a nice workup that includes this
Neat chart but beware of graphic distortions, specifically in P/E and P/B.

Image

Added: The above is a screen print using the pop-up window sized as the G&M web server specified it on creation. Below is the same using full-screen. Note how much "more attractive" the P/E and P/B slider positions look even though all the scale values remain identical.

Image
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Shakespeare
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Post by Shakespeare »

Interesting distortion; I would have expected the scaling to be linear on resizing. :shock:

(Nonetheless, the new G&M info is far, far better than Google Finance for Canadian stocks.)
Sic transit gloria mundi. Tuesday is usually worse. - Robert A. Heinlein, Starman Jones
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Post by scomac »

Shakespeare wrote:If you go to the G&M site and enter "ENB" into their stock look-up, you will get a nice workup that includes this in the lower left-hand corner:
That's a very handy tool; G&M's stock profiler. Thanks for posting the link, Shakes. I have been using this for quick reference, but I've never been completely comfortable with the accuracy of MSN Moneycentral's data for Canadian stocks.
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Post by yielder »

Be very careful of the public databases. The first graph for Microsoft is from Ford Equity Research via TD Waterhouse while the second is the G&M. Note the differences in hi & lo.

ImageImage
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Post by Shakespeare »

Be very careful of the public databases.
Public databases should, in general, be treated as having an accuracy of 10-20%.
Sic transit gloria mundi. Tuesday is usually worse. - Robert A. Heinlein, Starman Jones
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yielder
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Post by yielder »

Shakespeare wrote:
Be very careful of the public databases.
Public databases should, in general, be treated as having an accuracy of 10-20%.
Even S&P has problems. It consistently screws up TSE listed companies that also trade in NY. It mishandles the exchange rate based data conversion. Makes you wonder about an analyst's initial report if he accesses the S&P database as a start point. :shock:
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Post by Bylo Selhi »

yielder wrote:
Shakespeare wrote:
Be very careful of the public databases.
Public databases should, in general, be treated as having an accuracy of 10-20%.
Even S&P has problems... Makes you wonder about an analyst's initial report if he accesses the S&P database as a start point. :shock:
Makes you wonder how many more fund managers could beat the monkeys if only they had accurate data to work with ;)
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Shakespeare
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Post by Shakespeare »

At $32.37, ENB is now approaching its 52-week low ($32.06). Since I took a position earlier, I will probably not add unless the price drops further ($30?).
Sic transit gloria mundi. Tuesday is usually worse. - Robert A. Heinlein, Starman Jones
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Post by Taggart »

Shakespeare wrote:At $32.37, ENB is now approaching its 52-week low ($32.06). Since I took a position earlier, I will probably not add unless the price drops further ($30?).
I already bought a smidgen this morning at $32.36. A dividend yield of around 3.5% will do me fine in today's market.

This is the first time I've been in a buying mood in months. Bought another small chunk of TRP as well, and added to one of the banks.
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Post by Nemo2 »

Any opinions on enb.pr.d @ 25.65 paying 7.59%?
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Post by jiHymas »

Nemo2 wrote:Any opinions on enb.pr.d @ 25.65 paying 7.59%?
YTW = 3.24% (as interest & capital loss) based on a call 2007-3-17 @ $25.00. A three-month bill pays more.
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Post by Nemo2 »

jiHymas wrote:
Nemo2 wrote:Any opinions on enb.pr.d @ 25.65 paying 7.59%?
YTW = 3.24% (as interest & capital loss) based on a call 2007-3-17 @ $25.00. A three-month bill pays more.
Thanks. Much appreciated.
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Post by jiHymas »

Nemo2 wrote:
jiHymas wrote:
Nemo2 wrote:Any opinions on enb.pr.d @ 25.65 paying 7.59%?
YTW = 3.24% (as interest & capital loss) based on a call 2007-3-17 @ $25.00. A three-month bill pays more.
Thanks. Much appreciated.
Actually, I should be more specific: my figures above were based on Friday's closing bid of $25.63. At today's closing quote of $25.59-65, the YTW is 3.83-07% (3.83% @ bid, 3.07% @ ask) ... the yield spread gives you an idea of what commission will do to you!
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Post by Stan »

Taggart wrote:
Shakespeare wrote:At $32.37, ENB is now approaching its 52-week low ($32.06). Since I took a position earlier, I will probably not add unless the price drops further ($30?).
I already bought a smidgen this morning at $32.36. A dividend yield of around 3.5% will do me fine in today's market.

This is the first time I've been in a buying mood in months. Bought another small chunk of TRP as well, and added to one of the banks.
A little later..... anybody thinking of buying the latest offering at $38.50 today?

Stan
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Shakespeare
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Post by Shakespeare »

Too expensive for me.
Sic transit gloria mundi. Tuesday is usually worse. - Robert A. Heinlein, Starman Jones
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Post by Bylo Selhi »

I passed for the same reason. I notice the offering is still open at TD WH so presumably there aren't many takers.
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Post by BRIAN5000 »

ENBRIDGE INC (ENB.TO)

Anyone still following Enbridge, I have some and looking to add to my position?
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Post by JaydoubleU »

I'm interested!

But I find it hard to evaluate/locate an entry point.

The chart on Can. dividend growth stocks on this site suggest ENB is expensive vs. historical yields. When DOES ENB get cheap though, if it consistently raises the dividend and price approximates the rate of div. growth?
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