Topic: How To Invest

ENBRIDGE INC. $44.53 – Toronto symbol ENB

ENBRIDGE INC. $44.53 (Toronto symbol ENB; Shares outstanding: 809.3 million; Market cap: $36.3 billion; TSINetwork Rating: Above Average; Dividend yield: 2.8%; www.enbridge.com) has shut down three of its oil pipelines near Fort McMurray, Alberta, after heavy rain weakened the ground beneath one of them, causing a minor spill.

The company has since reopened two of these lines and expects to restart the third in the next few days. The shutdown is costing Enbridge about $1 million a day in lost revenue. To put that in context, the company’s revenue was $8.0 billion, or over $89 million a day, in the first three months of 2013.

Enbridge is a buy.

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