Enbridge: Get In Now To Enjoy A Multi-Year Bull Run (Archive)

This 5-Minute Pitch was originally published on Seeking Alpha before the launch of the Hunting Alphas website. It is shared here to showcase my previous work and track record. New 5-Minute Pitches published on this site will not be disseminated anywhere else.

Elevator Pitch

• My earlier EBITDA growth acceleration thesis is playing out nicely, and there are many long term demand-side tailwinds that Enbridge is poised well to benefit from.
• US tariffs on Canadian imports may impact O&G prices but are unlikely to reduce crude oil volumes transported, insulating Enbridge's operations.
• Enbridge is reaping the rewards of a good US Gas Utilities M&A deal via an EBITDA increase in its Gas Distribution and Storage Portfolio.
• Valuations are reasonable as the stock is trading at a lower-than-usual-premium vs peers. Longer-term technicals indicate a multi-year or even decadal bull run ahead.
• EBITDA growth expectations may be priced in, but net upward revisions in projections for FY25 mitigate this concern. Rating: Strong Buy.

Read the full article here.