Is Enbridge Stock a Buy Under $75? Here’s My Take 

Enbridge (TSX:ENB) stock has reached an all-time high of over $74 as the US–Israel–Iran war increases oil and natural gas prices. The stock has surged more than 16% since January 9. Several factors are driving this rally. A colder winter, the growing demand for natural gas by artificial intelligence (AI) data centres, global wars for oil, and the Canadian government’s efforts to accelerate energy infrastructure.

Enbridge’s strategic investment in growth projects

The growing energy demand saw Enbridge sanction $14 billion of organic growth projects during 2025 and increase the capital growth backlog to $39 billion. With $5 billion of projects already operational in 2025, the company plans to bring $8 billion of additional projects online in 2026, with major ventures, like the Mainline Capital Investment and Phase 1 Optimization, slated for 2027.

The Mainline, North America’s largest crude oil pipeline network, remains pivotal for Enbridge’s Liquids Pipelines segment, attracting further capital investment despite earlier concerns over Canadian export impacts.

What do these growth projects mean for investors?

While Enbridge is adding more projects, it maintains its post-2026 guidance of 5% annual growth in Distributable Cash Flow (DCF), earnings, and dividend per share. This is because each new project will be funded by cash flow and new debt.  

In infrastructure, returns are initially low during construction, as depreciation is high to account for the capital spent on the project. Once the project is capitalized, Enbridge enjoys higher returns.

Even though Enbridge is expanding beyond oil into liquefied natural gas (LNG) exports, renewable energy, gas utilities, and storage, this diversification is intended to sustain the shift from oil to renewable energy.

Although geopolitical tensions have put oil in the spotlight, the Canadian Prime Minister is seeking new trade partners. Investors are rushing to buy Enbridge stock to take advantage of the energy crisis. But is an all-time-high share price a good entry point for a dividend stock?

Is Enbridge stock a buy under $75?

Enbridge has a low-risk business model supported by stable distributable cash flows from toll and gas utility operations. It does show seasonal variation, with more natural gas used for heating in winter. It is also a cyclical stock riding the AI data centre energy demand, rising gas rates, and the North American LNG export opportunity. A slowdown in any of these growth drivers could see a sharp correction in Enbridge’s share price.

How to maximize returns from this energy stock

While entering this stock at its high may not be a wise idea, those who are holding it could consider booking a profit by selling a portion of their Enbridge shares. You can always buy the share at the dip. Suppose you have accumulated 50 Enbridge shares over time with an average cost per share below $50, you could consider selling 25 shares in the next two to three months at different price points and book profits on the cyclical rally. You can later use the proceeds to buy the stock at $60 per share.

Taking a hypothetical scenario, you sell 25 Enbridge shares that cost you $1,250 (25 X $50) in four batches at different price points. The key assumption is that the share price will continue to grow.

Number of sharesSelling priceTotal Sales proceeds10$74$7405$78$3905$82$4105$84$420$1,960

If the share price reaches $84, your profit would be $710 on total sales proceeds of $1,960. You can use these proceeds to buy 32 Enbridge shares when they fall to $60.

This act of profit booking and buying the dip will help you increase your share count. But consider using this approach in a Tax-Free Savings Account (TFSA), as it allows investments to grow tax-free within the account.

The post Is Enbridge Stock a Buy Under $75? Here’s My Take  appeared first on The Motley Fool Canada.

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Fool contributor Puja Tayal has no position in any of the stocks mentioned. The Motley Fool recommends Enbridge. The Motley Fool has a disclosure policy.