Thank you! 😃 Long ENB, a Corp. rather than an MLP. Average cost here is just over $34, having bought shares from January through August of 2021. Planning to hold long-term, but not likely to add currently since there are so many other undervalued dividend paying companies to look at now. 😊
@@nikmills well, everything I mention here would go into a tax advantaged account so that taxes would not matter. And, dividends are a big part of my retirement plan. I like VZ after today's drop, MPW because I think it's problems are not near as bad as some must think, WBA because it should be improving going forward, and T though I might split an investment between T and VZ rather than invest in one over the other. I also like many others on a pullback that I'll avoid mentioning here. ALLY is also intriguing to me but I'm not sure about credit losses for that one going forward. Just a few musings in answer to your question.
Thank you again Chuck and Coulton for the great video on ENB. The company is putting effort into moving into cleaner/greener sources, while keeping the bread and butter flowing fo many years to come.
Great tips, Generally diversification is a kind factor Don’t put your eggs in one basket. pragmatically I have been into all of this for some time,though I won’t say I have made or lost some fortune. Do you mind recommending a firm whose platform has diverse investing choices? Quite rare I anticipate your response.
@Kentucky This is the second time I’m coming across the firm last week I saw a telecast on economic bubble there are testimonies about how the earn with their strategy though I need to make more research ,I’m still skeptical Do you work with them?
ENG is a very good income generating co. Thanks Chuck, another great pick. ENG is one of my medium size holdings and had for quite while now. Unfortunately there are always politics involved, I hope after mid-term election, things may change for better.
Hey Chuck and Coulton! I have a shirt just like the one you are wearing in this video Chuck, so I guess I need to add Fashion Influencer to my resume now. I always like to see one of my portfolio stocks covered on your channel. Both of you have done a really great job looking at this stock through many viewpoints including from a foreign exchange point of view which I don't see a lot of people doing on the 'tubes! I really admire the notion of a family business and look forward to multi-generational increase in the value of your content and ultimately the value of my portfolio. Cheers!
What I would recommend today if your searching for yield, haven't already, & are a US citizen is to purchase your max amount ($10K per year per person) of I-Bonds. If you purchase before the end of the month then you will get a guaranteed 9.62% risk free. There are some stipulations. You can't sell for at least 12 months & if you sell before 5 years they will deduct 3 months of interest. They are going to change the I-Bond rate in November. People are assuming the new rate will be 6-7% (still pretty good) but if you lock in now you will get 6 months of the current rate. That really can't be beat. Unfortunately you have to buy through treasury direct and the site kind of sucks but its workable :).
Great video, I haven't been on here with the Fastgraphs team in a minute... Either which way, DGI is the way to go right now amidst these market conditions... A lot of uncertainty and only more to come which I look forward to for the ability to only double down on DGI investments...
You have to adjust your analysis of shares outstanding for acquisitions. A growing share count is not always related to fundamental problems with the business but more related to investments into more assets like REITs or acquisitions like Enbridge. The reason acquisitions increase share count is because the company wants to maintain a certain price level post merger, otherwise the share price would be higher after the acquisition assuming the share counts does not change. So, you have to be careful and understand why the share count changes.
I owned it once and I got a bit of profit when I sold it. Politicians and just about everyone seem to be wanting to destroy oil even when we need it, especially countries in development... And since I'm an ecologist (but a real one, not this extremist and radical neo communist/socialist cultural marxism of these days...) I also didn't want to own it for too long. Thanks.
Lovely. Thanks, chuck. A question. For the fastgraph interface, a blended PE is used. Can the PE TTM and PE FWD be shown too? By showing the other two PE it gives investors another layer of insight to see how future earnings are expected to turn out. Currently, I have to check out other sites like seeking alpha to find the pe TTM and PE FWD numbers. Thanks again for doing these videos tirelessly for your fans
James: thanks for the question. The reason we use a blended P/E is because it more accurately reflects the current level of earnings. To understand this correctly you need to solve for E (earnings). Simply divide the company stock price by the blended P/E on your FG that will tell you the earnings number that is being used. If you look at the bottom of the graph that number will fall between the last actual and the next forecast . As far as us listing ttm and forward PE’s, because FG is a live dynamic tool you can simply run your mouse along the price line and see all trailing P/E ratios. As to the forward P/E RATIO that is simply a forecast, and you can use the forecasting calculators and/or the custom calculator to run as many “what if” forward P/E ratios as you desire. Respectfully, the reason we don’t give those statistics is because we believe we already provide far more comprehensive information and more relevant information. If you need further assistance, contact Polly . Best personal regards, Chuck P. S. Here is a link to a full explanation of the blended P/E if you don’t already understand it: fastgraphs.com/blog/what-is-the-definition-of-the-blended-pe/
Hey chuck, is there a reason you check operating cash flow as opposed to free cash flow when it comes to being able to pay dividend as right now endbridge is paying 5b in dividend but have never made that any year in free cash flow so will they not have to cut dividend at some stage as otherwise they will continue to clock up more debt or continue to dilute investors in order to pay that dividend?
@@tmiller2925 that was my point as the other value investors I follow only ever talk about needing free cashflow to cover dividend as if they don't have the free cashflow they will either dilute to get the cash to pay the dividend or they will increase debt to cover the dividend and neither one is a good long term strategy and is more likely to lead to dividend cut in order to get debt etc back on track. With higher interests rates too increasing debt adds even more risk.
I sold my mother's house after she passed. I've held cash for a long time. Missing opportunities for sure. This looks like a good investment for some of this cash.
Always put max 5% in one company. You never know what could happen and losing 5% because of bad management is what your Portfolio may rise or low in one week. But finding 20 good companies should be possible right know👍
@@smoki99able : Sound advice. I'm still 70% cash. 10% CDs. 20% stocks. I've overdosed on TSLA (I'll hold and wait). The rest are mostly energy companies with good dividends. I'm now seeking more dividends.
Chuck - can you discuss debt loads on your videos. With raising interest rates I find it difficult to understand how ENB is going to deal with a 50% debt load even though the debt may be rated decent today that doesn't mean it will be decent next quarter.
Got sniffing around after watching this and bought some Enbridge 6.375% preferred that's currently paying 7.8 because it's trading a shade below par, it's a fixed-to-floating rate preferred due to reset 15 April 2023 at 3.593 plus 3 month LIBOR which is currently 4.24%, so it should lock in at around 8% (at par) for 5 years (15 April 2028) given the current interest rates- seemed like a no-brainer 😜 but then what do I know ? 🤪
I would consider them relatively equal on a safety basis. However, I would give Verizon an edge on valuation. Both look like interesting current income high-yield plays. Regards, Chuck
You possibly will pay more witholding taxes on ENB, depending in your residence. Please check, they also have information about this on their website! Correction: It may happen that you wrong taxed and Claim it back. Which make IT only a more difficult Stock... If you consider to buy you may have to Take care of this.
When I look at free cash flow to dividends, I see problems with dividend coverage. I am wondering why there was no discussion about free cash flow to dividends. Can you elaborate on this?
ENB is a religious stock in Canada, one is committing big sin not having it in their portfolio ENB / TRP / CNQ / SU(they cut dividend in 2020 but very big company they trying to turn things around) Candian Oil sector is Dividend Heaven for boomers :)
Thanks, excellent video! I like the midstream companies for yield. Even with the government policy risks you described, public opposition to new pipelines has made the companies that own them valuable. The situation in Europe is creating more export opportunities for the U.S. and those pipelines are working at full capacity. On the other hand, I recognize that Fed policy might result in a serious recession that can crush demand for a period of time, but I can't see the Fed letting that go on too long when the political pressure starts to build and then demand/price of this stock share should come back due to the structural underinvestment in the oil/gas industry. Also, Biden has said he plans to refill the SPR when prices are lower, which he's currently draining to get gasoline prices lower. That ought to create some additional pipeline demand for the midstream companies if demand falls and oil prices drop during a recession.
good content. in bridge is my is in my top five holdings. they aren't going anywhere politics or no politics, people need oil and natural gas and no matter how many windmills they make and no matter how many solar panels they make, we are still going to need natural gas and we are still going to need an oil
Enbridge also invests in renewables, most every oil and gas company does, they all know eventually oil and natural gas are going away, they are non-renewable when they are gone, they are gone. It may not even be in my lifetime, but companies look beyond just what's needed now and also what will be needed and in demand in the future, at least the good ones do.
they've been lying to us for years telling us that oil is a finite resource and we are going to run out very soon, there are oral reserves under the ice of Antarctica that would last 10 billion people over 700 years on Earth, and that's not including hundreds, thousands of other oil reserves that we have not even tapped into yet. I can't agree with you, it is not a finite resource, ,in 5 million years, the Earth will have replenished all the oil that we have used up to now,. The Earth is constantly we're punishing itself with natural gas and oil. Do some research dig deeper you will see I'm telling the truth, I worked in the oil business for over 40 years. I was a contractor for all the major oil companies and did p6 scheduling for Chevron , I worked for Exxon, Saudi aramco. I worked in the green zone over in Iraq, rebuilding refineries, doing the same in Afghanistan, I did the same in Saudi Arabia, I finally retired a few years ago, even if every car in the world goes fully electric, the world still going to need millions of barrels of oil per day, for the thousands of applications that are used with oil,
@@flypimpinogflypimp2126 Chevron, Exxon Mobile, ENB as noted earlier etc., all investing heavily into renewable energy, they apparently aren't as aware of the long-term, never-ending supplies of oil easily accessible in the friendly environment of Antartica.
@@vestedinterest5655 Canada alone has enough oil to satisfy the world's needs for 75+years. Antarctica was just 1example. We could go back and forth forever. I'm retired, I enjoy talking AT strangers in the RUclips section while I drive my gas guzzling challenger demon,.
Chuck, great to "meet" your son Colton. Your FAST Graphs website has become such a significant part of my investing that I have wondered if you are working towards a succession plan for the business when that time comes.
Professor (and others), I am sometimes perplexed how to best determine an appropriate current valuation range for companies that sometime in the next year or two are likely facing lower sales, profits or cash flows, such as ABBV, etc. Any thoughts in this regard?
I don’t invest in single stocks of companies I don’t think I’ll hold forever. I wouldn’t buy if you’re worried about their future. Too many other opportunities.
Agreed - got into American Express in 2018 and 2020 (when it was at 80ish dollars) with an overall cost basis of $108. I'd like to add more if it gets below $120.
I like American Express and I feel it has entered fair valuation territory. The question is doesn't offer enough margin of safety. If you are a true long-term investor I would consider it attractive. However, in the environment were in, I would not be surprised to see prices drop further. Nevertheless, if they did I believe it would be a better buy with every price drop. In short, I think you can buy it now, but I also think you need to be willing to add if the market goes against you. Regards, Chuck
Hi everyone again a very educational video thanks Chuck! Having said that can someone explain me the consequence to own ENB or any Canadian stocks if you are a US citizen ? I think Canada will automatically withold 15% of taxes from the quarterly dividends, but still if you owe ENB, in a traditional taxable account you will owe the IRS what you earn on these dividends, but you can avoid double taxation by declaring the 15% you paid to Canada as a tax credit if iam not wrong. What about owning ENB or a canadian stock into a ROTH Ira for example ? Thanks !
Non-Resident Shareholders Common share dividends paid by Enbridge Inc. will be subject to Canadian withholding tax at the rate of 25% unless the rate is reduced under the provisions of a tax treaty between Canada and the non-resident shareholder’s jurisdiction of residence. Where the non-resident shareholder is a United States resident entitled to benefits under the Canada-U.S. tax treaty, the rate of Canadian withholding tax on dividends is generally reduced to 15%. You may be eligible to claim a credit or deduction against your local taxes with respect to these Canadian non-resident withholding taxes. Enbridge Inc. is considered to be “a qualified foreign corporation” and the dividends paid on its common shares are considered to be “qualified dividends” as those terms are defined in the U.S. Internal Revenue Code”. If you have any questions regarding the taxation of Canadian dividends in your local jurisdiction, please contact your local tax advisor.
Strange comment, $10,000 investment in ENB on January 3, 2003 would have grown to $40,028 by October 20, 2023 plus $31,480 and dividends (not reinvested) for a net investment return of $71,507 versus $54,459 in the S&P 500 doesn't kind of suck in my humble opinion. Regards, Chuck
Diluting in an REIT or Limited Partnership Like this means they investing. Since they Drop Out almost all their cashflow, they must investing by Credit or issue new shares. This means in this Case they Had to make a large Investment. And after they make more cashflow. So everything Looks fine. But be aware that with a LP you may pay lots more taxes.
I agree that Enbridge issues stock to raise capital and then use the capital to invest and increase their revenues. Nevertheless, I believe that investors should be aware of the nature of the beast. Finally, Enbridge is not a limited partnership is a C Corp. regards, Chuck
@@FASTgraphs Do you compare the dividend yield of a stock that you own from when the stock was purchased to a potential new investment's yield, when considering it as a replacement, correct? Not yield on cost of the stock that hold. Say you bought a 50% current yield stock that is sustainable (just an example). You would likely only replace it if a potential new investment yields greater than 50%?
@@Shounen_Mania If I understand your question correctly. When considering a replacement, the yield that matters is current yield. Yield on cost or what I like to call “growth yield” is useful when tracking past performance. Nevertheless, the current yield you are receiving today versus the current yield you are considering replacing it with are the yields you should compare. The goal is to at least maintain your current level of income. Hope that helps, Chuck
As a Canadian, I was hoping you would do Enbridge. I'm glad you don't shy away from Canadian companies.
Thank you! 😃
Long ENB, a Corp. rather than an MLP. Average cost here is just over $34, having bought shares from January through August of 2021. Planning to hold long-term, but not likely to add currently since there are so many other undervalued dividend paying companies to look at now. 😊
Thanks for reminding that it is C Corp instead of an MLP. Taxes and reporting are quite different. Good luck with the dividend stream.
Such as..? What are you looking at now?
Yes Yes Cliff, lots of preferreds that are trading well below par even with sterling balance sheets !
@@nikmills well, everything I mention here would go into a tax advantaged account so that taxes would not matter. And, dividends are a big part of my retirement plan.
I like VZ after today's drop, MPW because I think it's problems are not near as bad as some must think, WBA because it should be improving going forward, and T though I might split an investment between T and VZ rather than invest in one over the other. I also like many others on a pullback that I'll avoid mentioning here. ALLY is also intriguing to me but I'm not sure about credit losses for that one going forward.
Just a few musings in answer to your question.
@@mark_osborne I like this. It's been a few years since I have looked seriously at preferred shares. Thank you for the helpful idea!
Thank you again Chuck and Coulton for the great video on ENB. The company is putting effort into moving into cleaner/greener sources, while keeping the bread and butter flowing fo many years to come.
Love the dividend, but it's so hard to invest in a company that most governments and the media seem intent on destroying.
Great tips, Generally diversification is a kind factor Don’t put your eggs in one basket. pragmatically I have been into all of this for some time,though I won’t say I have made or lost some fortune. Do you mind recommending a firm whose platform has diverse investing choices? Quite rare I anticipate your response.
Oh but didn’t you hear the current administration says everything is fine “no recession “
@Kentucky This is the second time I’m coming across the firm last week I saw a telecast on economic bubble there are testimonies about how the earn with their strategy though I need to make more research ,I’m still skeptical Do you work with them?
CALM WISDOM I REALLY LOVE THIS CHANNEL BECAUSE OF THE NICE UPDATES HERE
@@amymansfield8184 👍👍
ENG is a very good income generating co. Thanks Chuck, another great pick. ENG is one of my medium size holdings and had for quite while now. Unfortunately there are always politics involved, I hope after mid-term election, things may change for better.
Hey Chuck and Coulton! I have a shirt just like the one you are wearing in this video Chuck, so I guess I need to add Fashion Influencer to my resume now. I always like to see one of my portfolio stocks covered on your channel. Both of you have done a really great job looking at this stock through many viewpoints including from a foreign exchange point of view which I don't see a lot of people doing on the 'tubes! I really admire the notion of a family business and look forward to multi-generational increase in the value of your content and ultimately the value of my portfolio. Cheers!
What I would recommend today if your searching for yield, haven't already, & are a US citizen is to purchase your max amount ($10K per year per person) of I-Bonds. If you purchase before the end of the month then you will get a guaranteed 9.62% risk free. There are some stipulations. You can't sell for at least 12 months & if you sell before 5 years they will deduct 3 months of interest. They are going to change the I-Bond rate in November. People are assuming the new rate will be 6-7% (still pretty good) but if you lock in now you will get 6 months of the current rate. That really can't be beat. Unfortunately you have to buy through treasury direct and the site kind of sucks but its workable :).
I'd have a sizeable position in ENB. Thanks for the video.
Buying ENB at a 8.1% dividend.
It would be an interesting comparison ENB vs. KMI…. KMI looks cheaper on FCF, which is a good perspective… Thanks Chuck!
Great video, I haven't been on here with the Fastgraphs team in a minute... Either which way, DGI is the way to go right now amidst these market conditions... A lot of uncertainty and only more to come which I look forward to for the ability to only double down on DGI investments...
Thank you
You have to adjust your analysis of shares outstanding for acquisitions. A growing share count is not always related to fundamental problems with the business but more related to investments into more assets like REITs or acquisitions like Enbridge. The reason acquisitions increase share count is because the company wants to maintain a certain price level post merger, otherwise the share price would be higher after the acquisition assuming the share counts does not change. So, you have to be careful and understand why the share count changes.
a very good company!
So glad that you covered this stock. Thank you so much for your video! If you make a video about JEPI, that would be great! Thank you!
Good video Chuck
Thank you for teach us.
I owned it once and I got a bit of profit when I sold it. Politicians and just about everyone seem to be wanting to destroy oil even when we need it, especially countries in development... And since I'm an ecologist (but a real one, not this extremist and radical neo communist/socialist cultural marxism of these days...) I also didn't want to own it for too long. Thanks.
Lovely. Thanks, chuck. A question. For the fastgraph interface, a blended PE is used. Can the PE TTM and PE FWD be shown too? By showing the other two PE it gives investors another layer of insight to see how future earnings are expected to turn out. Currently, I have to check out other sites like seeking alpha to find the pe TTM and PE FWD numbers.
Thanks again for doing these videos tirelessly for your fans
James: thanks for the question. The reason we use a blended P/E is because it more accurately reflects the current level of earnings. To understand this correctly you need to solve for E (earnings). Simply divide the company stock price by the blended P/E on your FG that will tell you the earnings number that is being used. If you look at the bottom of the graph that number will fall between the last actual and the next forecast .
As far as us listing ttm and forward PE’s, because FG is a live dynamic tool you can simply run your mouse along the price line and see all trailing P/E ratios. As to the forward P/E RATIO that is simply a forecast, and you can use the forecasting calculators and/or the custom calculator to run as many “what if” forward P/E ratios as you desire.
Respectfully, the reason we don’t give those statistics is because we believe we already provide far more comprehensive information and more relevant information. If you need further assistance, contact Polly . Best personal regards, Chuck
P. S. Here is a link to a full explanation of the blended P/E if you don’t already understand it:
fastgraphs.com/blog/what-is-the-definition-of-the-blended-pe/
Why do you need to look at other sites for TTM P/E? It's very easy to calculate it by yourself.
Hey chuck, is there a reason you check operating cash flow as opposed to free cash flow when it comes to being able to pay dividend as right now endbridge is paying 5b in dividend but have never made that any year in free cash flow so will they not have to cut dividend at some stage as otherwise they will continue to clock up more debt or continue to dilute investors in order to pay that dividend?
the dividend is paid from operating cash flow.
@@FASTgraphs I don't understand this since you have always said that free cash flow is the acid test of dividend coverage.
@@tmiller2925 that was my point as the other value investors I follow only ever talk about needing free cashflow to cover dividend as if they don't have the free cashflow they will either dilute to get the cash to pay the dividend or they will increase debt to cover the dividend and neither one is a good long term strategy and is more likely to lead to dividend cut in order to get debt etc back on track. With higher interests rates too increasing debt adds even more risk.
Thank you!
Medical properties trust vs omega healthcare?
MPW is the cheaper of the 2 currently.
Great choices! Long OHI and MPW. Just added significantly to the MPW position.
Guys MPW is like playing with a landline
I’m long OHI
Excellent video, as always. Thank you so much, Chuck, for all that you do for us. I have a question. Is ENB subject to the K1 rule?
Enbridge has no K-1 just 1099
I sold my mother's house after she passed. I've held cash for a long time. Missing opportunities for sure. This looks like a good investment for some of this cash.
Always put max 5% in one company. You never know what could happen and losing 5% because of bad management is what your Portfolio may rise or low in one week. But finding 20 good companies should be possible right know👍
@@smoki99able : Sound advice. I'm still 70% cash. 10% CDs. 20% stocks. I've overdosed on TSLA (I'll hold and wait). The rest are mostly energy companies with good dividends. I'm now seeking more dividends.
Great idea to make the video with your son. I appreciate
love ENB
Good video, thanks, I learned a lot thanks.
Chuck - can you discuss debt loads on your videos. With raising interest rates I find it difficult to understand how ENB is going to deal with a 50% debt load even though the debt may be rated decent today that doesn't mean it will be decent next quarter.
I'd be interested on that question too
Keep Enbridge in an IRA to avoid the sizable tax imposed by Canada on non Canadian shareholders.
Got sniffing around after watching this and bought some Enbridge 6.375% preferred that's currently paying 7.8 because it's trading a shade below par, it's a fixed-to-floating rate preferred due to reset 15 April 2023 at 3.593 plus 3 month LIBOR which is currently 4.24%, so it should lock in at around 8% (at par) for 5 years (15 April 2028) given the current interest rates- seemed like a no-brainer 😜 but then what do I know ? 🤪
With today price drop also VZ reached 7% dividend yield. Which you consider as safer bet VZ or ENB?
I would consider them relatively equal on a safety basis. However, I would give Verizon an edge on valuation. Both look like interesting current income high-yield plays. Regards, Chuck
You possibly will pay more witholding taxes on ENB, depending in your residence. Please check, they also have information about this on their website!
Correction: It may happen that you wrong taxed and Claim it back. Which make IT only a more difficult Stock... If you consider to buy you may have to Take care of this.
Long ENB and VZ. Just added to VZ this morning after the big drop.
When I look at free cash flow to dividends, I see problems with dividend coverage. I am wondering why there was no discussion about free cash flow to dividends. Can you elaborate on this?
I own MLPA etf. All the big names with no K1s!
ENB is a religious stock in Canada, one is committing big sin not having it in their portfolio ENB / TRP / CNQ / SU(they cut dividend in 2020 but very big company they trying to turn things around) Candian Oil sector is Dividend Heaven for boomers :)
I would also add IMO (Imperial Oil), great balance sheet, their dividend is low though for an oil company.
hmmm. I'm thinking that their Growth rate is too small to support that PE & Div. Div cut? But note that I have lost out on a lot of opportunities.
I was watching this video and going through my mail, and what do I see?
A bill from Enbridge
Thanks, excellent video! I like the midstream companies for yield. Even with the government policy risks you described, public opposition to new pipelines has made the companies that own them valuable. The situation in Europe is creating more export opportunities for the U.S. and those pipelines are working at full capacity. On the other hand, I recognize that Fed policy might result in a serious recession that can crush demand for a period of time, but I can't see the Fed letting that go on too long when the political pressure starts to build and then demand/price of this stock share should come back due to the structural underinvestment in the oil/gas industry. Also, Biden has said he plans to refill the SPR when prices are lower, which he's currently draining to get gasoline prices lower. That ought to create some additional pipeline demand for the midstream companies if demand falls and oil prices drop during a recession.
Have you reviewed DOW lately?
daily
good content. in bridge is my is in my top five holdings. they aren't going anywhere politics or no politics, people need oil and natural gas and no matter how many windmills they make and no matter how many solar panels they make, we are still going to need natural gas and we are still going to need an oil
Enbridge also invests in renewables, most every oil and gas company does, they all know eventually oil and natural gas are going away, they are non-renewable when they are gone, they are gone. It may not even be in my lifetime, but companies look beyond just what's needed now and also what will be needed and in demand in the future, at least the good ones do.
they've been lying to us for years telling us that oil is a finite resource and we are going to run out very soon, there are oral reserves under the ice of Antarctica that would last 10 billion people over 700 years on Earth, and that's not including hundreds, thousands of other oil reserves that we have not even tapped into yet. I can't agree with you, it is not a finite resource, ,in 5 million years, the Earth will have replenished all the oil that we have used up to now,. The Earth is constantly we're punishing itself with natural gas and oil. Do some research dig deeper you will see I'm telling the truth, I worked in the oil business for over 40 years. I was a contractor for all the major oil companies and did p6 scheduling for Chevron , I worked for Exxon, Saudi aramco. I worked in the green zone over in Iraq, rebuilding refineries, doing the same in Afghanistan, I did the same in Saudi Arabia, I finally retired a few years ago, even if every car in the world goes fully electric, the world still going to need millions of barrels of oil per day, for the thousands of applications that are used with oil,
@@flypimpinogflypimp2126 Chevron, Exxon Mobile, ENB as noted earlier etc., all investing heavily into renewable energy, they apparently aren't as aware of the long-term, never-ending supplies of oil easily accessible in the friendly environment of Antartica.
@@vestedinterest5655 Canada alone has enough oil to satisfy the world's needs for 75+years. Antarctica was just 1example. We could go back and forth forever. I'm retired, I enjoy talking AT strangers in the RUclips section while I drive my gas guzzling challenger demon,.
Are there any additional taxes on Canadian company stocks for U.S. owners?
Chuck, great to "meet" your son Colton. Your FAST Graphs website has become such a significant part of my investing that I have wondered if you are working towards a succession plan for the business when that time comes.
Classless.
Chuck again…great synopsis…how about EPD as a comparison? Thanks again JT
Haven't finished watching yet but does it issue a k-1 ?
It has Inc. in it's name.
They pay qualified dividends it’s not a mlp
nope
no K-1 1099
Professor (and others), I am sometimes perplexed how to best determine an appropriate current valuation range for companies that sometime in the next year or two are likely facing lower sales, profits or cash flows, such as ABBV, etc. Any thoughts in this regard?
I move on to the next candidate! Never fall in love with a stock!
I don’t invest in single stocks of companies I don’t think I’ll hold forever. I wouldn’t buy if you’re worried about their future. Too many other opportunities.
Can you do video for american express?
Yes plz do an AXP video!!!
@@Anthony5ist Agreed
It looks attractive after recent drop, but maybe below 120 will be better
Agreed - got into American Express in 2018 and 2020 (when it was at 80ish dollars) with an overall cost basis of $108. I'd like to add more if it gets below $120.
I like American Express and I feel it has entered fair valuation territory. The question is doesn't offer enough margin of safety. If you are a true long-term investor I would consider it attractive. However, in the environment were in, I would not be surprised to see prices drop further. Nevertheless, if they did I believe it would be a better buy with every price drop. In short, I think you can buy it now, but I also think you need to be willing to add if the market goes against you. Regards, Chuck
Hi everyone again a very educational video thanks Chuck! Having said that can someone explain me the consequence to own ENB or any Canadian stocks if you are a US citizen ? I think Canada will automatically withold 15% of taxes from the quarterly dividends, but still if you owe ENB, in a traditional taxable account you will owe the IRS what you earn on these dividends, but you can avoid double taxation by declaring the 15% you paid to Canada as a tax credit if iam not wrong. What about owning ENB or a canadian stock into a ROTH Ira for example ? Thanks !
have a small position
you will love it when the Canadian Government takes a huge chunk from your dividend payments. nobody ever mentions this
Non-Resident Shareholders
Common share dividends paid by Enbridge Inc. will be subject to Canadian withholding tax at the rate of 25% unless the rate is reduced under the provisions of a tax treaty between Canada and the non-resident shareholder’s jurisdiction of residence. Where the non-resident shareholder is a United States resident entitled to benefits under the Canada-U.S. tax treaty, the rate of Canadian withholding tax on dividends is generally reduced to 15%. You may be eligible to claim a credit or deduction against your local taxes with respect to these Canadian non-resident withholding taxes.
Enbridge Inc. is considered to be “a qualified foreign corporation” and the dividends paid on its common shares are considered to be “qualified dividends” as those terms are defined in the U.S. Internal Revenue Code”. If you have any questions regarding the taxation of Canadian dividends in your local jurisdiction, please contact your local tax advisor.
Good day, Mr. Carnevale. It would be nice if you could cover Verizon with it's above 7% dividend yield. Thank you for all your work!
I'm still waiting for your video on BRK!
I own it! Only thing I don’t like about it is that Schwab does not allow a DRIP setting because it’s Canadian.
update on Alibaba please.. thanks!
8.15% dividend but the stock sucks the last 30 years
Strange comment, $10,000 investment in ENB on January 3, 2003 would have grown to $40,028 by October 20, 2023 plus $31,480 and dividends (not reinvested) for a net investment return of $71,507 versus $54,459 in the S&P 500 doesn't kind of suck in my humble opinion. Regards, Chuck
Diluting in an REIT or Limited Partnership Like this means they investing. Since they Drop Out almost all their cashflow, they must investing by Credit or issue new shares. This means in this Case they Had to make a large Investment. And after they make more cashflow. So everything Looks fine.
But be aware that with a LP you may pay lots more taxes.
I agree that Enbridge issues stock to raise capital and then use the capital to invest and increase their revenues. Nevertheless, I believe that investors should be aware of the nature of the beast. Finally, Enbridge is not a limited partnership is a C Corp. regards, Chuck
@@FASTgraphs yes, you right they point this out on their website, that it sometimes wrong taxed and it can claimed back, thank you.
@@FASTgraphs Do you compare the dividend yield of a stock that you own from when the stock was purchased to a potential new investment's yield, when considering it as a replacement, correct? Not yield on cost of the stock that hold. Say you bought a 50% current yield stock that is sustainable (just an example). You would likely only replace it if a potential new investment yields greater than 50%?
@@Shounen_Mania If I understand your question correctly. When considering a replacement, the yield that matters is current yield. Yield on cost or what I like to call “growth yield” is useful when tracking past performance. Nevertheless, the current yield you are receiving today versus the current yield you are considering replacing it with are the yields you should compare. The goal is to at least maintain your current level of income. Hope that helps, Chuck
What the free cash flows? They seem more volatile.and often don't cover the dividend
Ummm, NO. but thank you for the thoughtful presentation.
things i hate hearing when someone is demoing software "ohhh, where is it..."
didn't watch the whole video but US investors will pay a foreign tax on these dividends.
They do not pay tax.
Bond crashing
Dividends not safe
This is full of debt........
and cash flow
Non eco friendly. Think of your future generations people
Enbridge very ECO friendly
do some research they are heavily investing in renewables.