Enbridge Shares Up 22.9% in a Year: Should You Buy the Stock or Wait?

Key Takeaways ENB shares gained 22.9% in a year, nearing a 52-week high and beating sub-industry peers.Enbridge's 98% EBITDA is backed by take-or-pay contracts, limiting commodity price exposure.ENB trades at 16.48X EV/EBITDA, above the industry average, suggesting a higher valuation.Enbridge Inc. (ENB) shares are rapidly climbing toward its 52-week high of $54.20, closing at $51.59 on Feb. 19. The stock has outperformed its sub-industry peers, including Kinder Morgan Inc. (KMI) and Enterprise Products Part ...