Enbridge (TSX:ENB) is often regarded as one of the best long-term investment options on the market. That view has been based on the company’s diverse portfolio of holdings and its well-documented history of providing a juicy dividend. But is Enbridge stock still as good a buy as it once was?
Here’s a look at whether investors should continue to add the energy infrastructure giant to their portfolios.
The case for buying
In many cases, Enbridge is the investment to have in any portfolio. The energy giant operates the largest and most complex pipeline network on the planet, which generates the bulk of its revenue.
Incredibly, that revenue stream is not based on the volatile price of oil and natural gas. Adding to that, Enbridge hauls insane amounts of those commodities. Specifically, the company transports a third of all North American-produced crude, and nearly one-fifth of the natural gas needs of the U.S. market.
In other…
