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Markets · Investing · Business
Finance
Prediction: You Won't Recognize Enbridge in 15 Years. Here's Why.
It's still in the energy logistics business, but the pipeline player knows it needs to begin preparing for the inevitable future.
Most companies and industries evolve over time. They have to, in order to survive. One exception to this reality, of course, has been the energy sector. We still turn crude oil into gasoline and other fuels just as we have for decades.
The writing is on the proverbial wall, however. Although it's still many, many years down the road, the end of the oil industry as we know it is coming. That's obviously bad news for any name in the business.
Details
One curious midstream company, however, is adapting to this change well before it arguably needs to. That's pipeline outfit Enbridge(NYSE: ENB).
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
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