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The price of oil and natural gas aren't nearly as important to the company's financial results as the demand for these energy sources, which tends to remain high even when energy prices are low.
Buying this 6.8%-yielding oil and gas stock now could earn you solid returns in the long term. Want $1,000 in Dividend Income? Here's How Much You Have to Invest in Enbridge Stock.
The stock of Enbridge (NYSE:ENB, 30-year Financials) appears to be significantly overvalued, according to GuruFocus Value calculation.
Enbridge is a high-yielding midstream giant, but there's an important twist in the company's objective, and it's reflected in its portfolio.
In 1950 its pipelines were operational and in 1953 it was a publicly traded company at stock exchanges in Toronto and Montreal. By the late 1950s its main pipeline was almost 2,000 miles (3,200 km) long handling about 200,000 barrels (32,000 m 3) of oil per day in certain sections. In the late 1960s refineries in the US and Canada demanded more ...
Enbridge Inc. is a multinational pipeline and energy company headquartered in Calgary, Alberta, Canada. Enbridge owns and operates pipelines throughout Canada and the United States, transporting crude oil, natural gas, and natural gas liquids , and also generates renewable energy .
For a dividend investor, the big draw with Enbridge today is pretty obviously that 6.1% dividend yield. The S&P 500 is only yielding around 1.2%, and the average energy stock is offering just 3.3%.
Enbridge (ENB) closed the most recent trading day at $37.05, moving -0.38% from the previous trading session.