Stock Pulse
Enbridge (ENB) is highlighted as a stable investment opportunity with a resilient, fee-based business model focused on pipelines and gas utilities [1], [2], [6], [7]. The company has a 30-year history of dividend increases, currently yielding around 6.3%, and a C$29 billion backlog of secured projects expected to drive future cash flow through 2029 [1], [2], [5], [6]. Recent developments include the Traverse Pipeline project, expanding ENB's natural gas transport capacity [8], [9], [10]. While ENB's stock underperformed the S&P 500 recently [4], analysts predict a positive earnings surprise in May [3], and its diversified operations and expansion projects signal long-term growth potential [5], [8], [10]. However, high valuation compared to industry averages presents a potential risk [4].