Calgary-based Enbridge operates the world’s longest crude oil and liquids transportation system. The company also owns and operates Canada’s largest natural gas distribution company and provides distribution services in Ontario, Quebec, New Brunswick, and New York State. The company is stepping up its activity in the renewable power sector including wind farms, solar, and geothermal energy. The company employs 11,000 people.
Wealth Builder
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Sorry, you do not have access to this content.The company reaffirmed its 2023 guidance for EBITDA and discounted cash flow. However, the company warns: “Strong operational performance is expected to be offset by higher financing costs, due to increased interest rates, on unhedged floating rate debt.” - Gordon Pape
Current Advice
Hold
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Capital Gain/Loss
165.9%