2009-11-06 23:43:43 -
SADIF-Investment Analytics has applied its StockMarks™ stock-rating system to Enbridge Inc and produced a research report, rating the company's attractiveness to long-term investors.
Mira, Portugal – November 6th, 2009 – SADIF Investment Analytics today announced the release of a new equity research report covering Enbridge Inc (ENB). The report utilizes SADIF's powerful StockMarks™ stock rating system and is required reading for any current or potential Enbridge investor.
Report Summary: Canadian natural gas & liquid pipeline company, Enbridge Inc, beat analyst estimates when it reported quarterly earnings on November 4th. The company raised its full year guidance to between $2.30 and $2.36, an increase of more than 20% over the previous year. The company's reported earnings for the past quarter rose by 105% when compared to the same period in the previous year. After adjustments for non-recurring and non-operating items, earnings rose 78%. The company's
operating margin rose to 10.47% as revenues weakened to CAD 2.63B from CAD 4.37B in the third quarter of 2008. Enbridge has recently invested in green energy, purchasing a solar project in Ontario from First Solar inc. CEO & President of Enbridge, Patrick D. Daniel stated that “as society and governments increasingly accept green energy, we believe that solar energy represents meaningful opportunities for long-term growth”. The company expects to spend CAD 100M during 2009 on solar energy, adding to its four wind energy projects. However, the amount of power generated by these green projects remains significantly below Enbridge's power utilization on its gas pipelines. In order to assess the company objectively it is important to not get caught-up in the company's short-term performance, but instead focus on its long-term underlying fundamentals. We can assess Enbridge's fundamentals through the use of the StockMarks framework. Enbridge currently has an overall long-term investment-attractiveness rating (Total StockMark or SMT) of 58, rating above the Canadian market average. This rating places Enbridge fourth among ten of its closest Canadian-listed peers, selected on the basis of similarity of business, market positioning factors such as size and share comparisons.
The complete report breaks down the Total StockMark into its three components – business, management and price, performing a thorough analysis of Enbridge for long-term investors.
A summary of the StockMarks™ ratings for Enbridge Inc is available here:
sadifanalytics.com/stockmarks/company.php?ticker=ENB&cod_country ..
The report has been distributed to Reuters, and forwarded to Yahoo Finance and FT.com. It is available under 'Analyst Reports' from these websites, from multiple professional platforms including Reuters Knowledge, TheMarkets.com, Thomson Research and Capital IQ or directly from SADIF-Investment Analytics at:
sadifanalytics.com/stockmarks/article/hist_article.php?cod_count ..
About SADIF-Investment Analytics:
SADIF-Investment Analytics is an independent investment research company covering sixteen different markets and over 12,000 companies. The StockMarks™ system is based on proven investment principles and is designed to drive long-term shareholder returns.