Q: Trump has stated that he intends to impose a 10% Tariff on all goods entering the country to make America great again. The small oil producers and coal lobby are also aligned with him and expecting favours. Could Enbridge get caught up in this mess? I would like to start a position but I’m uncertain of the risks. I appreciate your thoughts.
5i Research Answer:
We would not see it as a major risk. ENB's pipelines are essentially full, and it depends on volume moreso than prices. With limited takeaway capacity we think ENB's infrastructure will still be very important to the industry.