The Investment Reporter, in its Jan. 9, 2015, issue, says buy Enbridge Inc., recently $57.55. The Reporter said buy 22 times from Nov. 15, 1995, to Nov. 22, 2013, at prices ranging from $30.30 to $65.50 (the stock split 2 for 1 three times -- on Oct. 13, 1998, May 6, 1999, and May 18, 2005). Assuming an investment of $1,000 for each of the 22 buys, the $22,000 position would now be worth a pleasing $78,037. Despite the recent decline in oil prices and possibly prolonged lower oil prices, the Reporter continues to keep its buy rating on Enbridge. The company focuses on transporting crude oil and natural gas through oil, natural gas and offshore pipelines. Oil and gas producers need to ship much of their production, and the cheapest way is through pipelines. Enbridge remains a buy for long-term share price gains and attractive and rising dividends.
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