Pipelines and Inter-Pipeline | Value Investing News

Pipelines and Inter-Pipeline

  • I’m not one to typically invest in pipelines.
  • The fact that there’s 65 billion in debt and 8 billion in preferred shares ahead doesn’t matter because of those high cash flows, so one can safely assume you will receive dividends forever.
  • Enbridge and other pipeline companies do have one virtue – because of intense political opposition, it becomes a lot more difficult to develop pipelines, especially in Canada.
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