2024-03-28 02:37:05 ET
Summary
- Enbridge's strategic positioning in North American midstream is intact and its fortress financial position provides solid financial flexibility to meet growing demand for pipelines and storage.
- Despite a decline in revenue in the recent quarter, ENB's gross margin expanded, and free cash flow increased, indicating the company's ability to address fluctuations in revenue.
- Enbridge's share price is undervalued by almost 50% according to the dividend discount model.
Investment thesis
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Enbridge: Vast Upside Potential And Compelling Yield