Top 10 Canadian Stocks For 2016

Top 10 Canadian Stocks For 2016: Enbridge Inc(ENB)

Enbridge Inc. engages in the transportation and distribution of crude oil and natural gas primarily in Canada and the United States. Its Liquids Pipelines segment operates common carrier and contract crude oil, natural gas liquids (NGLs), and refined products pipelines and terminals. The company?s Gas Distribution segment distributes natural gas to residential, commercial, and industrial customers primarily in central and eastern Ontario, northern New York State, Quebec, and New Brunswick. Enbridge?s Gas Pipelines, Processing and Energy Services segment invests in natural gas pipelines, processing and green energy projects, and commodity marketing businesses, as well as performs commodity storage, transport, and supply management services. Its Sponsored Investments segment transports crude oil and other liquid hydrocarbons through common carrier and feeder pipelines, as well as transports, gathers, processes, and markets natural gas and NGLs; operates a crude oil and liqui ds pipeline and gathering system; and owns a 50% interest in the Canadian portion of Alliance Pipeline and partial interests in various green energy investments. The company was formerly known as IPL Energy Inc. and changed its name to Enbridge Inc. in October 1998. Enbridge Inc. was founded in 1949 and is headquartered in Calgary, Canada.

Advisors' Opinion:

• [By Dan Caplinger]

  The need for more energy infrastructure in the U.S. has become much greater in recent years, given booms in production in areas across the country. Through its Seaway pipeline joint venture with Enbridge (NYSE: ENB  ) , Enterprise controls a key link between the Gulf Coast's major refining hub and the pipeline-network hub in Cushing, a small town between Oklahoma City and Tulsa.

source from Top Penny Stocks For 2015:http://www.seekpennystocks.com/top-10-canadian-stocks-for-2016.html