Enbridge: Buy, Sell, or Hold?
Shares of Enbridge (NYSE: ENB) have not been performing very well over the past year, with the stock down around 13%. There are some reasons for the decline, but none are likely to be lasting problems. Meanwhile, there's plenty of opportunity for growth ahead from the company while investors get to collect a generous and well-supported dividend.
Enbridge is one of the largest midstream companies in North America. It owns a collection of energy-infrastructure assets that would be difficult to replace. The company, like most in the midstream sector, charges fees for the use of its assets. It's a fairly stable business given that demand for energy, and thus energy infrastructure, tends to be resilient even if oil prices are falling. All in all, Enbridge is kind of boring.
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Source Fool.com
