enbridge

Enbridge Inc. is a multinational pipeline and energy company headquartered in Calgary, Alberta, Canada. Enbridge owns and operates pipelines throughout Canada and the United States, transporting crude oil, natural gas, and natural gas liquids, and also generates renewable energy.

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Sustainable Investments continue to gain in popularity among socially conscious Canadians. This month, we provide you with an overview of ETFs designed to appeal to those investors—at the same time keep their returns high. In selecting their holdings, these ETFs look at a company’s environmental impact, social behaviour, and corporate governance.


Here’s your look at two Sustainability funds and your potential gains relative to their benchmarks. Each is a buy. Our supplements (click here: Link 1 & Link 2) provide you with more Successful Investor insights on this investment style.


INVESCO CLEANTECH ETF $46.76 (New York symbol PZD; TSINetwork ETF Rating: Aggressive; Market cap: $201.2 million) gives you global exposure to firms leading in creating and deploying clean technology products and services.



Companies that get at least 50% of their revenue or profits from clean technology qualify for inclusion....
ENBRIDGE INC. $47.98, is a hold. The company (Toronto symbol ENB; Shares outstanding: 2.0 billion; Market cap: $97.1 billion; TSINetwork Rating: Above Average; Dividend yield: 6.2%; www.enbridge.com) operates pipelines that pump oil and natural gas from Western Canada to eastern Canada and the U.S.


Enbridge has earmarked $19.0 billion for new projects and upgrades in 2019 and 2020....

In addition to TC Energy (see page 101), we see Enbridge and Emera as solid long-term holdings for income-seeking investors.


Their recent acquisition of U.S. firms has broadened each company’s geographic footprint and will spur growth—as well as dividends—for years to come.


However, we think Emera is the better choice for new buying....
CANADIAN PACIFIC RAILWAY $287.33 (Toronto symbol CP; shares outstanding: 147.7 million; Market cap: $40.8 billion; TSINetwork Rating: Above Average; Dividend yield: 1.2%; www.cpr.ca) ships freight over a 22,000-kilometre rail network between Montreal and Vancouver, with links to hubs in the U.S....
ENBRIDGE INC. $47.55 (Toronto symbol ENB; Shares outstanding: 2.0 billion; Market cap: $95.3 billion; TSINetwork Rating: Above Average; Dividend yield: 6.2%; www.enbridge.com) wants to replace its aging Line 3 pipeline, which pumps crude from Alberta to Wisconsin....
The Bank of Canada increased its benchmark interest rate in October 2018 from 1.50% to 1.75%. Whether it will hold rates stready, keep raising them, or perhaps even cut them, depends on economic growth and the level of unemployment.


Meanwhile, we caution against investing in bonds....
The lack of new pipeline capacity in Canada and parts of the U.S. continue to force oil producers to transport more of their crude by rail.

The situation is likely to continue for some time, as both Enbridge and TC Energy (formerly TransCanada) face strong legal and environmental opposition to their proposed new pipelines....
Enbridge project faces key delay
EMERA INC. $52 (Toronto symbol EMA; Income-Growth Payer Portfolio, Utilities sector; Shares outstanding: 235.8 million; Market cap: $12.3 billion; Dividend yield: 4.5%; Dividend Sustainability Rating: Highest; www.emera.com) owns 100% of Nova Scotia Power, that province’s main electricity supplier....