Enbridge, Inc. (USA) (NYSE:ENB)
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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Price has more than dbld 4 me in 5 yrs & yield is solid 3.3%. Has many projects under construction that will significantly increase cash flow in next few yrs. Operates pipelines in US & Canada: similar business profile to Kinder Morgan & ONEOK.
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Enbridge will reap the bulk of the gains from the growth of its pipeline business. Enbridge has an impressive number of pipeline projects set to start pumping up revenue in the next two to three years. The Alberta Clipper Expansion is projected to deliver up to 800,000 barrels a day of heavy crude from Alberta's oil sands to Wisconsin by mid-2010. The Southern Access Expansion will deliver 400,000 barrels a day of heavy crude to Chicago and southern Illinois from Wisconsin in 2009. The Clarity pipeline will transport natural gas from the Barnett Shale and Anadarko Basin in Texas.
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I am liking major industrials theses days
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Play on pipelines and oilsands
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make money
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Heavily into pipelines and natural gas. Has lots of new revenue coming on stream in the next few years.
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I work for this company and they are doing every thing right for the future of our business.
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Major mode of transportation for the product of Cdn tar sands to US mkt. Shd expand as that supply grows.
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Oil sands pipeline supplier Alberta to US, BC, upgraders. Industry leader in a growth sector. What's not to like?
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major held stock
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Pipeline access to Canadian oil sands.
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Energy related services. Energy going up will take services with it.
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energy transmission vital to North america will grow as the oil sands develop.
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Major pipeline operator carrying oil & gas in USA & Cananda. Pipeline from Alberta Ca. to West Coast under construction (with chinese oil co partner) to load oil tankers to California & China
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