Enbridge, Inc. (USA) (NYSE:ENB)
CAPS Rating:
The Company's primary business activities are transportation & distribution of crude oil & natural gas. It conducts the business through five segments: Liquids Pipelines, Gas Pipelines, Sponsored Investments, Gas Distribution & Services & International.
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Company is carrying a massive amount of debt, incredibly dangerous in this economic environment
Enbridge's debt is currently yeilding even less than that of the Canadian banks. The markets know these guys are not going to fail.That said, my outperform is based on the S&P heading south after this rally. Enbridge has ben fairly resistant to the pullbacks.