The company performs with the consistency of a utility, but is not trading like one. It is Enbridge’s largest pipeline project to date. However, Enbridge will have considerable upside over a utility if the world normalizes and oil markets balance. All rights reserved.

Fool contributor Robin Brown has no position in any of the stocks mentioned. 98% of its adjusted EBITDA is contracted or regulated. The project has struggled with permitting delays as well as concerns of costs overriding. While it is heavily exposed to the oil and gas sector, its business is not much riskier than many regulated utility companies. Should You Buy Aphria (TSX:APHA) After Its Recent Pullback? Some of those projects could be liable for delays or pruning if today’s oil prices persist.
The recent market crash has presented a great opportunity for investors to pick up a sweet 8% dividend and some upside potential from here. The Motley Fool Canada » Dividend Stocks » Enbridge (TSX:ENB) Stock Is a Crazy-Good Bargain Today!

The Motley Fool owns shares of and recommends Enbridge. It provides oil and gas pipelines, midstream services, regulated gas utilities, and even power production. Management has affirmed that despite the COVID-19 crisis, business remains relatively steady, and the dividend safe. Right now, its customers need Enbridge’s assets. Enbridge stock has good upside potential from here. Further growth is just a cherry on the cake for investors! Management recently noted that after paying its dividend and maintenance costs, its development program is almost completely self-funded. Lock in that growing 8% yield if you are happy to just sit and wait for the world to get better. Many would say Enbridge is not really a utility, but the nature of its business is quite similar. Stock analysis for Enbridge Inc (ENB:Toronto) including stock price, stock chart, company news, key statistics, fundamentals and company profile.

This makes it an intriguing opportunity. Cash flows are derived through 40 different operations that are geographically and functionally diverse. Returns since inception, October 2013. Fortunately, over 2019, the company reduced leverage and further stabilized and diversified the quality of its cash flows. CRA CERB Alternatives: 2 Must-Know Emergency Payouts, Forget Growth Stocks: Here’s How to Get Price Gains and Big Dividends, Aphria (TSX:APHA) Stock Plunges: Marijuana Industry in Trouble. I consent to receiving information from The Motley Fool via email, direct mail, and occasional special offer phone calls. Cenovus (TSX:CVE) Acquires Husky Energy for $3.8 Billion, creative methods to create storage capacity. The largest concern is its U.S. Line 3 replacement project. Click Here to Get Your Free Report Today! Enter your email address below to get started now, and join the other thousands of Canadians who have already signed up for their chance to get the market-beating advice from Stock Advisor Canada. Although its business operates fairly consistently, Enbridge stock has been somewhat choppy over the years. Invest for the long run. Unlike many of the Canadian utilities and infrastructure stocks, Enbridge has failed to have a real significant rebound.

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