Is This Energy Stock Ready for a Big Upswing?

Enbridge (NYSE: ENB) is directly tied to the oil patch, but it isn't the Canadian company's sole focus. And that's one of the reasons investors should take a closer look at this industry giant and its 6.4% dividend yield.

One important area to examine is the small but growing clean energy division. There was big news there recently, with more to come in the next few years.

It would be pointless to discuss Enbridge without looking at the fact that oil pipelines make up 58% of the company's earnings before interest, taxes, depreciation, and amortization (EBITDA). Natural gas pipelines add another 26%. So, all in, oil and natural gas pipelines make up a huge 84% of EBITDA. Enbridge is clearly an oil & gas company.

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Source Fool.com