by Sam Collins 07/01/08
Enbridge Inc. (ENB) -- This transporter of crude oil and natural gas operates the petroleum mainline system and feeder pipelines that transport crude oil and natural gas liquids in Canada and the United States. It has been in a bull market for seven years.
Since October 2007, when ENB retrenched on profit taking to $37 from $44, it has made steady progress to over $46. Now the stock is at $43 and it is just under its 50-day moving average. With the stochastic indicator undervalued, ENB looks like it could move to above $50. ENB has a dividend yield of just over 3%.
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