Enbridge: Operating Leverage And Secular Tailwinds Secure Dividend Sustainability
Enbridge(ENB) Seeking Alpha·2024-09-04 03:31
l T I I T JHVEPhoto Investment thesis My previous bullish thesis about Enbridge (NYSE:ENB) (TSX:ENB:CA) aged well as the stock returned investors almost 15% over the last three months. Over the same period, the S&P 500 Index (SPX) delivered around 4% to investors. Today, I want to explain why I remain very bullish about Enbridge's stock. The company continues demonstrating strong financial performance, disciplined capital allocation, and the macro environment looks quite favorable for Enbridge. ENB's compel ...