Bullish Case: ENB's recent strategic expansions, $500 million investment in pipeline assets, and raised profit growth targets signal robust mid-term financial performance, despite market volatility.


Bearish Case: ENB faces legal challenges over its operations, with volatile market conditions and a history of negative price action over different timeframes, suggesting potential downside risk.


Potential Outcomes:

1) Resolution of legal issues potentially boosts stock (30%).

2) Positive growth from strategic investments yields fruit (40%).

3) Legal setbacks or downturns could depress prices (30%).


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April 03, 2024


Enbridge Forecast

ENB        Enbridge
Price Forecast: NEUTRAL    Price Action: MEAN REVERTING (?)






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