Better Buy: Enbridge vs. Plains All American
Enbridge (NYSE: ENB) and Plains All American (NYSE: PAA) are behemoths in the oil pipeline industry. Canada's Enbridge operates more than 17,000 miles of oil pipelines that transport roughly 3 million barrels of oil each day (BPD). Meanwhile, Plains All American operates about 18,000 miles of pipeline that move around 6 million BPD. Those pipelines generate lots of cash, which both companies use to pay attractive dividends (Enbridge yields 7.4% while Plains All American yields 8.6%).
While both payouts will catch the attention of income investors, they likely only want to own one oil pipeline company. Here's which one stands out as the better buy right now.
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Source Fool.com
