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Simply put, if shares were to rebound back to their prior multiple, adjusted for the change in guidance, investors would be looking at upside from last Friday’s closing price of between 16.7% and 36.4%, with a mid point of 26.1%.A cut to the distribution will probably happen One great thing about Enbridge is that the company’s yield, after shares declined so much, is remarkably attractive. Investors buying into the business today can capture a dividend of 14.8% per annum. Usually though, when you see a yield that’s this high, it’s because the market doesn’t see the dividend lasting.

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