The Successful Investor, in its April, 2015, issue, refreshes its buy of Enbridge Inc., recently $58. The Investor said buy seven times from July, 2011, to March, 2015, at prices ranging from $31 to $62. Assuming an investment of $1,000 for each of the seven buys, the $7,000 position would now be worth $9,338. The energy company is planning to increase the capacity of a proposed pipeline project that will transport crude oil from oil sands projects in Alberta. The company will increase the diameter of part of the pipeline and boosting another section's pumping power. These moves will also reduce the project's overall cost by $400-million to $2.6-billion. Enbridge earned $1.6-billion, or $1.90 a share, in 2014. The stock remains a buy.
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