Q: Thank you for your quick response to my previous question. I would like to use excess cash in my RRIF to top up either Telus or Enbridge. May I have your opinion of their relative total returns for the next 1 to 3 years?
Thank you, JaneN
Thank you, JaneN
5i Research Answer:
The comparison between the two is difficult and we might consider adding a bit to both. Valuations look fine in both cases, Telus is likely a bit more of a stable cash flow profile but ENB should have more potential for growth over time. We would lean to ENB here.