2024-03-13 08:30:00 ET
Summary
- Enbridge Inc. investors have seen a revival in buying sentiments as ENB continues to grind higher.
- The company clarified its earnings growth profile through 2026, reducing execution uncertainties.
- Enbridge remains confident that substantial volume will be sustained from its Mainline system.
- The energy infra leader has diversified its midstream earnings profile with more stable utility-like earnings through natural gas assets.
- I explain why ENB's attractive valuation and price action bolster my confidence that the uptrend momentum should continue.
Enbridge Inc. ( ENB ) investors have enjoyed a remarkable revival in buying sentiments following the release of Enbridge's fourth-quarter earnings release in early February 2024. Accordingly, ENB bottomed out in early February after suffering a pullback from its January 2024 highs. As a result, dip buyers were assessed to have returned with conviction, corroborating the recovery of ENB's long-term uptrend momentum....
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Enbridge: Seize The Attractive Opportunity On This Pipeline Leader