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Calgary pipeline operator Enbridge is the only one out of 57 Canadian companies rated by Morningstar that has both a wide moat and a positive “moat trend.” A key part of its competitive edge is its scale: it has pipeline presences in the oil sands, the Bakken fields in the Midwest U.S., and in Cushing, Okla., as well as growth opportunities in natural gas and electricity.
Calgary pipeline operator Enbridge is the only one out of 57 Canadian companies rated by Morningstar that has both a wide moat and a positive “moat trend.” A key part of its competitive edge is its scale: it has pipeline presences in the oil sands, the Bakken fields in the Midwest U.S., and in Cushing, Okla., as well as growth opportunities in natural gas and electricity.
(Nathan VanderKlippe/The Globe and Mail)

Enbridge plows $1.2-billion into U.S. subsidiary

Facing a heavy debt burden, a weak interest coverage ratio, almost $1-billion in costs from a pipeline leak and an aggressive expansion agenda, Enbridge Energy Partners, the U.S. subsidiary of Canadian giant Enbridge Inc.,ViXS was in desperate need of some cash.

So it turned to its parent, Enbridge, which stepped up to the plate, coughing up $1.2-billion to invest in preferred shares issued by the U.S. partnership.