Why Is Everyone Talking About Enbridge Stock?
Enbridge (NYSE: ENB) is one of the largest midstream companies in North America, with more miles of oil pipeline than any other competitor. It's number two in natural gas as well. And it has a generous 6.2% dividend yield backed by more than a quarter century of annual increases.
While all of these are good reasons to like Enbridge, there are some other things going on that have investors talking bout the stock.
While many consider pipelines one of the safest and cleanest ways to transport oil and natural gas, they come with some risks that can't be avoided. Ruptures, explosions, and spills do occasionally happen. That's the reason why the governor of Michigan, Gretchen Whitmer, is trying to shut down Enbridge's Line 5 pipeline. However, the big fight is over what amounts to a very small portion of the overall pipeline -- the roughly four miles that passes through the Straits of Mackinac. That's part of the Great Lakes, connecting Lake Michigan and Lake Huron.
Source Fool.com
