Canadian Midstream Giant Enbridge Isn't Worried About Tariffs. Here's Why.

Enbridge (NYSE: ENB) is one of the largest midstream companies in North America. That said, it is a Canadian company and a big part of its business is moving Canadian oil and natural gas down into the United States. With the complex geopolitical issues around tariffs today, that may have some investors worried. Don't get too worked up, though. Enbridge doesn't think tariffs are a big deal.About three-quarters of Enbridge's business is tied to oil and natural gas transmission assets. That includes pipelines, storage, and transportation facilities that span across North America. According to the company, it moves "about 30% of the crude oil produced in North America" and "nearly 20% of the natural gas consumed in the U.S."Image source: Getty Images.Continue reading

Apr 19, 2025 - 19:13

Canadian Midstream Giant Enbridge Isn't Worried About Tariffs. Here's Why.

Enbridge (NYSE: ENB) is one of the largest midstream companies in North America. That said, it is a Canadian company and a big part of its business is moving Canadian oil and natural gas down into the United States. With the complex geopolitical issues around tariffs today, that may have some investors worried. Don't get too worked up, though. Enbridge doesn't think tariffs are a big deal.

About three-quarters of Enbridge's business is tied to oil and natural gas transmission assets. That includes pipelines, storage, and transportation facilities that span across North America. According to the company, it moves "about 30% of the crude oil produced in North America" and "nearly 20% of the natural gas consumed in the U.S."

Image source: Getty Images.