deepblue4you Investment Thesis Enbridge (NYSE:ENB) is a combined liquids and natural gas midstream company, that also provides some utility service to end customers. ENB’s revenue profile is somewhere between a typical midstream player and a utility. This provides a revenue floor during low-price periods, though the tradeoff is often a cap on return on equity. ENB is undergoing a repositioning, expanding both its utilities segment with $14 billion in acquisitions, and its Gulf Coast operations with more ...