The Successful Investor, in its February, 2016, issue, says hold Enbridge Inc., recently $43. The Investor said buy seven times from July, 2011, to March, 2015, at prices ranging from $31 to $62. An investment of $1,000 for each of the seven buys would now be worth $6,923. Enbridge received regulatory approval for its $7.9-billion Northern Gateway pipeline in June, 2014. The pipeline is expected to pump crude oil from Alberta to Kitimat, B.C., from which tankers would ship it to customers in Asia. However, Ottawa recently banned oil tankers off the northern coast of British Columbia. Meanwhile, the energy giant is progressing on its "ambitious" $38-billion growth plan, which includes expanding its oil and gas pipelines and wind farms. The company expects to complete these upgrades between 2016 and 2019. Customers have already signed $25-billion worth of contracts to use these operations; this cuts the projects' risks. Enbridge has raised its quarterly dividend with the March, 2016, payment to 53 cents a share from 46.5 cents a share. The new annual dividend of $2.12 is a 4.9-per-cent yield. The stock trades at 17.1 times the $2.51 a share the company will probably earn in 2016. Enbridge is a hold.