Enbridge Shares Gain 16% YTD: Should You Wait or Buy the Stock?
ENBEnbridge(ENB) ZACKS·2024-08-31 00:46

Enbridge Inc. (ENB) shares have gained 16.1% year to date, significantly outperforming the 7.7% improvement seen across the oil-energy sector. The company's low-risk business model, characterized by stable and predictable cash flows, has been a key driver of its share price appreciation. Enbridge’s robust backlog of midstream projects, which are set to generate additional fee-based earnings, further underscores the stability and resilience of its business model. Image Source: Zacks Investment ResearchFor in ...