Key Takeaways ConocoPhillips faces oil and gas price volatility but holds a stronger balance sheet than peers.Low-cost operations in Permian, Eagle Ford and Bakken plus Marathon Oil boost COP's resilience.COP shares fell 10% in a year, with EV/EBITDA at 5.33X versus the industry average of 10.98X.ConocoPhillips (COP) is an exploration and production giant. Hence, by the very nature of its operations, and like any other upstream player, its overall business is vulnerable to the extreme volatility in oil and ...

Core Insights - Enbridge Inc. (ENB) is a leading midstream energy company with a business model that is less exposed to the volatility of oil and natural gas prices, focusing on stable cash flows for shareholders [1][3] Group 1: Company Overview - Enbridge operates the longest pipeline network in North America, spanning approximately 18,085 miles, and is responsible for transporting 30% of total North American crude oil production [2] - The company also transports about 20% of the total natural gas consumed in the United States through its extensive midstream assets [2] Group 2: Business Model Stability - Enbridge's midstream assets are typically booked by shippers for long-term contracts, which mitigates exposure to extreme price fluctuations in oil and gas, resulting in stable cash flows [3][6] - Similar to Enbridge, other midstream companies like Williams (WMB) and Kinder Morgan Inc. (KMI) also maintain stable business models with significant pipeline networks and fee-based revenues [4] Group 3: Financial Performance - Over the past year, Enbridge's shares have increased by 27.8%, outperforming the industry average growth of 24.5% [5][6] - The company's current enterprise value to EBITDA (EV/EBITDA) ratio stands at 15.51X, which is higher than the broader industry average of 13.91X [7] Group 4: Earnings Estimates - The Zacks Consensus Estimate for Enbridge's 2025 earnings has remained unchanged over the past week, indicating stability in earnings expectations [9][10]