ENB CN

Enbridge Inc

Energy


Presented:09/14/2016
Price:CA$57.53
Cap:$42.54B
Current Price:CA$56.95
Cap:$99.13B

Presented

Date09/14/2016
PriceCA$57.53
Market Cap$42.54B
Ent Value$80.16B
P/E Ratio40.23x
Book ValueCA$14.67
Div Yield0.04%
Shares O/S925.00M
Ave Daily Vol1,796,424
Short Int4.13%

Current

PriceCA$56.95
Market Cap$99.13B
Enbridge, Inc. engages in the provision of gas and oil businesses. It operates through the following segments: Liquid pipelines, gas distribution, gas pipelines processing and energy services, sponsored investments, and corporate. The Liquids Pipelines segment consists of common carrier and contract crude oil, natural gas liquids and refined products pipelines and terminals in Canada and U.S., including Canadian Mainline, Regional Oil Sands System, Southern Lights Pipeline, Spearhead Pipeline, Seaway Crude Pipeline interest and other feeder pipelines. The Gas Distribution segment consists of the company's natural gas utility operations which serve residential, commercial and industrial customers, primarily in central and eastern Ontario as well as northern New York State. The Gas Pipelines, Processing and Energy Services segment consists of investments in natural gas pipelines, processing and green energy projects, the company's commodity marketing businesses and international activities. The Sponsored Investments segment includes the company's ownership interest in Enbridge Energy Partners LP, Alberta Clipper Project and Enbridge Income Fund. The Corporate segment consists of the company's investment in Noverco, Inc., new business development activities, general corporate investments and financing costs not allocated to the business segments. The company was founded on April 30, 1949 and is headquartered in Calgary, Canada.

Publicly traded companies mentioned herein: Enbridge Inc. (ENB CN).

Highlights

Enbridge already controlled arguably the most important oil pipeline between Canada and refiners located along the Gulf Coast, but the company’s recent $28 billion acquisition of Spectra created the biggest energy pipeline and storage operator in North America. The presenter regards the company as a relatively safe asset with steady cash flows compared to other, more volatile energy names, noting that Enbridge managed to grow EBITDA every year up until the energy crisis. Further, he believes the merger with Spectra has effectively laid to rest two of the more prominent bear cases on the stock.

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Idea Discussion

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