Enbridge Didn't Have Any Issues With Cratering Crude Prices During the First Quarter
Enbridge (NYSE: ENB) delivered strong results for the first quarter, even though crude prices plummeted during the period. The Canadian oil pipeline giant's cash flow came in a bit ahead of expectations thanks to its resilient business model, which insulates it from near-term fluctuations in commodity prices and volumes.
Because of that, the company remains on track to deliver on its 2020 outlook and its three-year growth plan. That optimism implies that Enbridge's 7.5%-yielding dividend remains on solid ground.
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Source Fool.com
