ENB - Enbridge Is Stepping Up Its Game It's Time To Invest

2024-05-17 09:53:04 ET

Summary

• The data points in Q1, 2024 earnings deck have made Enbridge from a decent dividend play to a very attractive one.
• It is not only the underlying business that continues to deliver double-digit growth rates, but also the assumed M&A strategy is injecting some strong tailwinds for ENB's value creation.
• In this article, I elaborate on the key takeaways from Q1, 2024 and provide my arguments why I have become even more bullish on the Stock, labeling it a strong buy.

Early this year, I circulated an article comparing two very enticing dividend stocks - Enbridge (ENB) versus Enterprise Products Partners (EPD). At that time, my analysis showed that both stocks carry the right characteristics to be included in dividend seeking investor portfolios, who focus not only on high income, but also on its stability and defensiveness....

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