Q: Hi Guys
You really like enb but aren,t concerned with the level of
debit they have and are going too have. I have 14% overall
Bob
You really like enb but aren,t concerned with the level of
debit they have and are going too have. I have 14% overall
Bob
5i Research Answer:
ENB has $75B in debt, but also has $180B in assets. Assets have more than doubled since 2016, slightly more than the increase in debt. Operating cash flow is $15B, more than 2X dividends paid. Its business is both regulated and highly stable, providing consistent cash flow. ENB shares are not risk-free, but it is not a stock we particularly worry about.