Enbridge: Sell-Off Spells Opportunity

spooh I love a good sell-off, especially when it comes to mission-critical infrastructure assets that aren’t likely to be disrupted, as in the case with the fickle nature of new tech companies. This also presents great opportunities for dividend investors, as this pushes up the dividend yield. Such I find the case to be with Enbridge (NYSE: ENB ), the Canadian energy midstream and utility giant. As shown, ENB has sold off since the start of this month, and trades not too far off from its 52-week low of $35. ENB Stock (Seeking Alpha) Let’s explore why this presents a great opportunity to layer into this high quality energy infrastructure stock. Why ENB? Enbridge is a Canadian energy company that owns and operates an impressive collection of liquids pipelines, gas transmission / distribution, and renewable power assets. To get a sense for how important its assets, are ENB transports around a quarter of the crude oil used in North America, and one-fifth of the natural gas consumed in the U.S. ENB’s moat-worthy asset base combined with durable revenue streams has contributed to 28 consecutive years of dividend increases. This includes the most recent 3.2% dividend increase this year, and […]

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