It took 7 years, but Enbridge Inc. (ENB) is back achieving new all-time highs. During this time, the price decreased to $20.22, where it marked the lowest point between the former all-time high and the current one. On Friday Enbridge Inc. (ENB) stock closed at $41.37 inching a 1.40%; new all-time highs are set at $41.49.
Enbridge stock started an uptrend last July, and grew a gorgeous 12.66%. During this uptrend, the price provided some entry points on the breakouts. Latest pullback was in mid-September, when price bounced at $38.56. Last Wednesday, Enbridge broke out above its last top ($40.49) giving a good entry point
Enbridge Inc. operates as an energy infrastructure company. The company operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation, and Energy Services. The Liquids Pipelines segment operates pipelines and related terminals to transport various grades of crude oil and other liquid hydrocarbons in Canada and the United States. The Gas Transmission and Midstream segment invests in natural gas pipelines, and gathering and processing facilities in Canada and the United States.. The stock is part of the Oil & Gas Midstream industry in the Energy sector. The company employs 11,200 people worldwide and has its headquarters in Calgary, Canada. Its corporate website is http://www.enbridge.com.