Where Will Enbridge Be in 5 Years?
As a midstream company, Canada's Enbridge (NYSE: ENB) tends to grow its business via acquisitions and ground-up construction. While it's impossible to predict when the company will buy an asset, there is a very clear line of sight on the capital investment front. Here's a look at what Enbridge will be doing over the next five years.
Enbridge is one of the largest midstream companies in North America, with a market cap of around $80 billion. Its portfolio of assets spans from the Canadian oil sands down to the Gulf of Mexico. It owns a vast array of vital infrastructure, including oil pipelines, natural gas pipelines, energy storage and transportation assets, a regulated utility, and wind and solar farms. This backdrop is important when you consider what Enbridge will look like in five years.
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Source Fool.com
