Enbridge Inc

Energy prices are expected to rise more in 2021. What are the best Canadian energy stocks that you can buy in September?

Energy Transfer Partners (ETP) reported adjusted EBITDA (earnings before interest, tax, depreciation, and amortization) of $1.9 billion in 4Q17.

On October 31, 2017, Buckeye Partners (BPL) was trading at a price-to-distributable-cash-flow multiple of 10.4x, which is significantly below the historical ten-quarter average of 13.8x.

Canadian energy giant Enbridge’s (ENB) operations are diverse. Enbridge accounts for roughly two-thirds of Canada’s crude oil exports to the US.

About 78.0% of analysts rate Williams Companies (WMB) a “buy,” while the remaining 22.0% rate it a “hold” as of August 21, 2017.

On March 1, after the markets closed, Enbridge announced that it received a timeline for the permits for its Line 3 Replacement project.

The First Trust North American Energy Infrastructure Fund (EMLP) generated total returns of 42% over a five-year period, the highest among the top five MLP ETFs that we are discussing in this series.

EnLink Midstream LLC (ENLC), the GP (general partner) of EnLink Midstream Partners (ENLK), was raised by UBS to a “buy.”

With the completion of the merger with Spectra Energy in February 2017, Enbridge’s business mix has become more diversified.

Enbridge Energy Partners’ (EEP) debt-to-equity ratio is 1.1x. How do other midstream companies compare?

ONEOK (OKE) is currently trading 57% below its 50-day moving average. It’s generally been trading below its 50-day moving average since mid-2014 when energy prices began falling.

Generally, MLPs with stable earnings target a distribution coverage ratio in the range of 1 to 1.1 times the distributable cash flow.

MLPs’ tax structure is the major difference that separates them from C Corps. MLPs’ earnings aren’t taxed at the partnership level. The taxes are passed to the unitholders.