The Successful Investor, in its March, 2015, issue, says buy Enbridge Inc., recently $62. The Investor said buy six times from July, 2011, to July, 2014, at prices ranging from $31 to $51. Assuming an investment of $1,000 for each of the six buys, the $6,000 position would now be worth $8,990. Enbridge gets most of its revenue from pipelines that transport oil and gas across Canada. The company is now developing 27 new projects on which it expects to spend $27-billion, including $8.3-billion in 2015. The expansion program excludes the proposed $6.5-billion Northern Gateway pipeline, which has been approved by regulators but still faces a number of political and other hurdles. To help pay for the expansion, Enbridge is transferring its U.S. pipelines, along with wind farms in Alberta and Quebec, to 19.9-per-cent-owned Enbridge Income Fund Holdings Inc. This frees up cash for Enbridge to use for its new projects and to pay dividends. The company recently raised its quarterly dividend to 46.5 cents a share from 35 cents a share. The new annual rate of $1.86 a share is a 3-per-cent yield. The stock trades at 27.6 times the company's 2015 projected earnings of $2.25 a share. Enbridge remains a buy.