Enbridge moves about 20% of all natural gas consumed in the U.S. and serves around 15% of U.S. So assuming Enbridge is just a Canadian pipeline player and overlooking its U.S. assets would be a mistake. The future of m3 money supply natural gas is through North America and exports. But without a doubt, as you see population growth and you see sustainability and you see the need for that consumer choice, we’re going to do all of those things.
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Endo Launches Bivalirudin Injection in Ready-to-Use Vials
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- Add it all up, and it’s not too surprising to see extreme underperformance from companies like Enbridge in recent years.
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And now, it’s selling a swath of gas utilities to Enbridge for 16.5 times 2023 estimated earnings. ENDP does not currently have a forward dividend yield. Dividend yield allows investors, particularly those interested in dividend-paying stocks,
to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price. But Enbridge’s 7.9% dividend yield is reason alone to own the stock.
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And given how far the stock has fallen and how out of favor the midstream industry is, now looks like a great time to take a closer look at Enbridge. Part of the reason Enbridge has underperformed the midstream industry as a whole may be due to its concentration in Canada. Enbridge, TC Energy, and Pembina Pipeline — three Canadian pipeline giants, have drastically underperformed their peers over the last three years. Canada doesn’t have the oil and natural gas export infrastructure that the U.S. has. And Canada’s liquefied natural gas (LNG) industry has been largely stalled compared to a booming U.S.
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Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. The company has a leading position in Alberta and British Columbia (B.C.). But the export hub just hasn’t really taken off yet after many Canadian LNG projects were shelved during the COVID-19 pandemic. Below are the latest news stories about ENDO INTERNATIONAL PLC that investors may wish to consider to help them evaluate ENDP as an investment opportunity. /PRNewswire/ — SK Biopharmaceuticals, Co., Ltd. announced that Health Canada has accepted Paladin Labs Inc.’s filing of a New Drug Submission (NDS) for… Click the link below and we’ll send you MarketBeat’s guide to investing in electric vehicle technologies (EV) and which EV stocks show the most promise.
- The scores are based on the trading styles of Value, Growth, and Momentum.
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- Unique to Barchart.com, Opinions analyzes a stock or commodity using 13 popular analytics in short-, medium- and long-term periods.
- Enbridge moves about 20% of all natural gas consumed in the U.S. and serves around 15% of U.S.
Add it all up, and it’s not too surprising to see extreme underperformance from companies like Enbridge in recent years. There are some companies that are diversifying their businesses by selling fossil fuel assets and investing in renewable energy. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors.
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All told, Enbridge’s strategy is going against Canada’s emission-reduction targets. And buying Enbridge stock is a bet on the sustained relevance of oil and natural gas. The good news is that Enbridge isn’t an expensive stock. And it has the cash flow and balance sheet to support dividend raises.
Enbridge is taking a contrarian approach to the energy transition. But at least for now, the economy runs on oil and gas. Enbridge is providing essential services and getting good deals on its acquisitions. Due to fixed contracts and less dependence on oil and gas prices, the midstream industry typically outperforms the broader energy sector during downturns and underperforms it during growth cycles.
At least that’s how the dynamic played out historically. But companies built out so much infrastructure in the 2010s that there hasn’t been as much opportunity for growth aside from assets related to natural gas exports. Additionally, many midstream companies have a lot of debt, making them particularly sensitive to interest rate changes.
Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. High-growth stocks tend to represent the technology, healthcare, and communications sectors.
Upgrade to MarketBeat All Access to add more stocks to your watchlist. One share of ENDP stock can currently be purchased for approximately $0.01. 25 employees have rated Endo International Chief Executive Officer Paul Campanelli on Glassdoor.com. Paul Campanelli has an approval rating of 86% among the company’s employees. We’d like to share more about how we work and what drives our day-to-day business.
They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends. Enbridge claims that this valuation is a good deal and that it is on the short list of companies that could even afford a deal of this size. But all because a large company can do a deal doesn’t mean it should, especially at the expense of its balance sheet.
LNG industry, which supports infrastructure investments. More natural gas exports means more natural gas production and thus, more pipelines. Canada also has an aggressive goal to reduce emissions by 40% to 45% relative to 2005 levels by 2030 and then achieve net-zero emissions by 2050. Betting big on LNG is a step in the wrong direction toward achieving that goal.
Endo Int’l Plc (ENDP)
The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. An industry with a larger percentage of Zacks Rank #1’s and #2’s will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4’s and #5’s. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.
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ENDP’s historical performance
against its industry peers and the overall market. The scores are based on the trading styles of Value, Growth, and Momentum. There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score.
The energy sector has been on a tear for the last three years and is up 164.8% over that period. However, the largest North American midstream stocks by market cap have all underperformed the energy sector. Enbridge stock is up just 5.2% over the last three years, making it a major loser during an otherwise decent time for the midstream industry and an excellent time for the energy sector. The oil and gas industry is split into three subcategories — upstream (exploration and production), midstream (pipelines and storage), and downstream (refining and marketing).