Enbridge: Preferred Shares Most Resilient In Bond Bear Market
ENBEnbridge(ENB) seekingalpha.com·2024-05-20 06:00

Enbridge Pipeline on the Map wwing/iStock via Getty Images We upgraded Enbridge Inc. (NYSE:NYSE:ENB, TSX:TSX:ENB:CA) from a buy to a strong buy when we wrote on it earlier this year. This upgrade was based on our review of the Q4 numbers. Fantastic execution of a recent purchase, a good standing with the credit agencies and a blowout guidance for 2024 played into our reasoning for the upgrade. The selling after the initial euphoria made sense in this bubble stock era, and it only helped in making ENB a bett ...