Summary Enbridge continues to be an undervalued gem in the pipeline business. Its price is little changed over the last 6 months since we last wrote on it. We think investors should carefully consider adding to or opening new positions in ENB at current levels. Looking for a portfolio of ideas like this one? Members of The Daily Drilling Report get exclusive access to our model portfolio. Get started today » Introduction I last wrote on Enbridge (NYSE: ENB ), last summer largely as an exercise in writing a positive article on a pipeline company. I had heard and read good things about this high dividend payer, and I wanted to find out for myself if this company was truly an exception to the general morass I find the pipeline industry to be. I went into a lot of detail in that article as to why I thought Enbridge was a diamond in the rough in the firmament of debt-laden, poorly managed pipeline companies that could soon be looking at a dividend cut or restructuring of some kind. This article should be considered as an update to that one. A bit of old business before continuing. I didn’t think […]
CamTrader offers a preview only. View original article. seekingalpha.com
