Our fair value estimates for TransCanada and Enbridge are unchanged.
It has a wide moat and an attractive yield, and now's the time to invest.
The market continues to underestimate the capacity of the shale industry to eventually throw oil markets back into oversupply.
Enbridge is seeking to acquire all public shares of its remaining sponsored vehicles--and we like the move.
We think this is a good move for Cenovus because we don’t ascribe much value to its non-oil sands exploration and development assets.
We are maintaining our fair value estimates and wide moat rating for the firm.
The longer the delay, the worse the supply onslaught becomes.
The wide-moat company is on course to boost its dividend and offers hefty upside.