EBGUF - The (En)Bridge-T Jones Baby
We have covered the Enbridge Corporation (ENB) saga previously. Briefly, our take on this was that ENB is undervalued and a highly underrated future dividend aristocrat. We covered the Federal Energy Regulatory Commission (FERC) decision when it came out mid March and believed that ENB had several alternatives to ensure that Enbridge Energy Partners (EEP) and by extension Enbridge Energy management LLC (EEQ) would not suffer as a consequence of the decision. One of the six suggestions was that ENB would simplify the corporate structure by absorbing all