TSX:ENBOil and Gas
Does Enbridge (TSX:ENB) Look Above Fair Value After Tallgrass Deal?
Enbridge stock has delivered an 80.2% total return over the past 5 years, yet current valuation checks suggest the shares look roughly in line with where many investors might expect them to trade rather than clearly cheap or clearly expensive.
The 80.2% gain over 5 years shows that long term holders have already seen substantial value creation, which can reduce the margin of safety for new money if expectations are high.
The plan to acquire Tallgrass Energy's crude oil business and the...

