Enbridge's Growth Portfolio Is Underappreciated
And the company continues to reward investors with annual dividend growth.
Enbridge (ENB) is an energy distribution and transportation company in the United States and Canada. It operates crude and natural gas pipelines, including the Canadian Mainline system. It also owns and operates Canada’s largest natural gas distribution company.
Enbridge is positioned to benefit from growing oil sands supply dynamics with its Mainline system and regional oil sands pipelines. The regulated Mainline system generates attractive tolls and represents approximately 70% of Canada’s pipeline takeaway capacity. The system offers refinery access to various markets, adding to the network’s attractiveness.
Joe Gemino does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.