To put the size and scope into context, Enbridge hauls nearly a third of all the crude produced in North America.
Keep in mind that Enbridge charges for use of that pipeline network based on the volume and distance travelled, not based on the price of the commodity.
The sheer necessity and stability of Enbridge’s operation allows the company to offer a juicy dividend to investors.
As at time of writing, Enbridge is trading flat over the past month, which is impressive given the long-term potential the stock has.
Even in the best of markets, no investment is without risk, and that includes Enbridge.
This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium service or advisor.