Was Jim Cramer Right About Enbridge Inc. (ENB)?
We recently published a list of In this article, we are going to take a look at where Enbridge Inc. (NYSE:ENB) stands against other stocks that Jim Cramer discusses.
A caller said he sold Dominion Energy and bought Enbridge Inc. (NYSE:ENB), asking whether he should hold and reinvest the dividend. Cramer affirmed:
'I like Enbridge. Continue to reinvest. I'm one of the few people that's liked Enbridge all the way down because I trust that management team.'
Cramer's trust in management paid off with Enbridge gaining 23.90%. Enbridge Inc. (NYSE:ENB) operates North America's most extensive pipeline system and is expanding its renewable energy investments across wind and solar.
A close-up of renewable energy turbines capturing the power of a windy sky.
Cramer remains a big fan of the natural gas stock. Here's his analysis from May 13:
'What else? You know I'm a big fan of Enbridge, the Canadian pipeline colossus. Although their network also has lots of crude oil exposure, still, I think Enbridge belongs in any shortlist of natural gas plays because they operate the continent's largest natural gas utility by volume. These guys were always big in Canada, they run the main gas utility in Toronto.
Overall, ENB ranks 5th on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of ENB as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ENB and that has 100x upside potential, check out our report about this cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
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These developments reflect the strength and adaptability of the gold mining sector as companies at every stage and level — from exploration to production — take decisive steps to expand resources, enhance operational capacity and position themselves for long-term growth. With gold prices holding near record highs, these strategic advancements underscore the sector's readiness to capitalize on the current market and deliver continued value to shareholders. For more information about LaFleur Minerals, visit LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) (FSE: 3WK0) About NetworkNewsWire NetworkNewsWire ("NNW") is a specialized communications platform with a focus on financial news and content distribution for private and public companies and the investment community. 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