Significant Inflows Observed in ETFs - MLPX, ENB, TRP, KMI
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 05 2025
0mins
Should l Buy ENB?
Source: NASDAQ.COM
MLPX Share Price Analysis: MLPX's share price is currently at $61.73, with a 52-week low of $53.54 and a high of $67.47, indicating its performance within the trading range.
Understanding ETFs: Exchange traded funds (ETFs) function like stocks, where investors buy and sell "units" that can be created or destroyed based on demand, impacting the underlying assets.
Monitoring ETF Flows: Weekly analysis of shares outstanding helps identify ETFs with significant inflows (new units created) or outflows (units destroyed), which can affect the individual components of the ETFs.
Disclaimer on Views: The opinions expressed in the article are those of the author and do not necessarily represent the views of Nasdaq, Inc.
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Analyst Views on ENB
Wall Street analysts forecast ENB stock price to rise
10 Analyst Rating
5 Buy
5 Hold
0 Sell
Moderate Buy
Current: 52.610
Low
45.79
Averages
53.54
High
69.00
Current: 52.610
Low
45.79
Averages
53.54
High
69.00
About ENB
Enbridge Inc. is an energy transportation and distribution company. The Company's segments include Liquids Pipelines, Gas Transmission, Gas Distribution and Storage, and Renewable Power Generation. Liquids Pipelines consists of pipelines and terminals in Canada and United States that transport and export various grades of crude oil and other liquid hydrocarbons, including the Mainline System, Regional Oil Sands System, Gulf Coast and Mid-Continent, and Other. Gas Transmission consists of its investments in natural gas pipelines and gathering and processing facilities in Canada and United States, including United States Gas Transmission, Canadian Gas Transmission, United States Midstream, and Other. Gas Distribution and Storage consists of its rate-regulated natural gas utility operations in Canada and United States. Renewable Power Generation consists primarily of investments in wind and solar assets, as well as equity interests in geothermal power and power transmission assets.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Pipeline Operating License: The U.S. government has granted a presidential permit to Enbridge Energy (ENB) to continue operating and maintaining three existing pipeline facilities in Pembina County, North Dakota, ensuring business stability at the U.S.-Canada border.
- New Pipeline Construction Approval: Additionally, documents from the White House indicate that Bakken Pipeline Company has received a permit for the construction of a new pipeline aimed at facilitating the transportation of crude oil and petroleum products between the U.S. and Canada, further enhancing energy cooperation between the two nations.
- Multiple Permits Issued: The recent administrative permits also cover the maintenance and operation of existing pipeline facilities in North Dakota and Michigan, reflecting the government's commitment to supporting energy infrastructure.
- Future Project Outlook: Enbridge targets $10 billion to $20 billion in new project FIDs over the next 24 months, with a current growth backlog reaching $39 billion, indicating the company's long-term growth potential in the energy market.
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- Oil Price Surge: Due to the war with Iran, WTI crude prices have jumped 60% to over $90 a barrel, providing a near-term windfall for oil producers, but prices are expected to cool as shipping through the Strait of Hormuz normalizes.
- Pipeline Stock Advantage: Many pipeline companies operate under long-term fixed-rate contracts, ensuring stable earnings, making them ideal for long-term investment to secure steady dividend income amidst current high oil prices.
- Enbridge Performance: Enbridge transports 30% of North America's oil, with over 98% of its earnings derived from government-regulated contracts, expecting a 3% growth in cash flow per share this year while raising dividends for 31 consecutive years, showcasing strong financial resilience.
- Kinder Morgan Expansion: Kinder Morgan backs 96% of its cash flows with long-term contracts, plans to pay out 40% of its cash flow in dividends this year, and has $10 billion in expansion projects underway, expected to drive future earnings growth.
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- Dividend Appeal of Energy Stocks: With rising oil prices, ExxonMobil (XOM) and Chevron (CVX) offer dividend yields of 2.7% and 3.7%, respectively, showcasing their stability and long-term investment value with over 25 years of annual dividend increases.
- Midstream Companies' Advantages: Enterprise Products Partners (EPD) and Enbridge (ENB) provide dividend yields of 5.8% and 5.3%, respectively, relying on fee-based business models that ensure reliable cash flows to support large dividends despite oil price fluctuations.
- Safety in Diversification: Exxon and Chevron's operations span upstream, midstream, and downstream sectors, with geographical diversification preventing localized events from derailing their overall business, while strong balance sheets allow them to maintain dividends during downturns.
- Caution for Long-term Investors: While high oil prices attract investors, history shows that prices will eventually fall, prompting dividend investors to focus on companies capable of sustaining dividends during low-price periods to ensure investment safety and consistent returns.
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- Cautious Energy Investment: The geopolitical conflict in the Middle East has created significant uncertainty in the global energy sector, prompting long-term dividend investors to carefully select industry giants like Chevron and ExxonMobil to mitigate risks.
- Midstream Company Advantages: Midstream firms like Enterprise Products Partners and Enbridge utilize fee-based models tied to oil transportation volumes, allowing them to maintain stable cash flows and offer dividend yields of 5.8% and 5.3%, respectively, thus reducing commodity risk.
- Dividend History Reliability: Enterprise Products Partners has increased its distributions for 27 consecutive years, while Enbridge has achieved a streak of 31 years, demonstrating their ability to provide stable returns to shareholders even in low oil price environments, making them suitable for income-focused investors.
- Market Volatility Warning: While high oil prices may attract investors, history shows that prices will eventually fall, and dividend investors must keep this in mind to avoid losses during market fluctuations.
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- Long-Term Oil Price Increase: Over the past decade, West Texas Intermediate (WTI) and Brent crude oil prices have risen by 206% and 85%, respectively, indicating a long-term upward trend in oil prices influenced by geopolitical conflicts and supply-demand fluctuations, prompting investors to monitor this market dynamic for potential investment opportunities.
- Chevron's Growth Potential: Chevron plans to increase its oil and gas production by 2%-3% annually over the next decade, with analysts projecting a 16% CAGR in earnings per share (EPS) from 2025 to 2028, highlighting its strong growth potential in the global energy market.
- Enbridge's Stable Earnings: As a major midstream company in North America, Enbridge transports about 30% of North America's crude oil through its extensive pipeline network, with analysts expecting a 5% CAGR in adjusted EBITDA from 2025 to 2028, showcasing its stability and profitability in the energy sector.
- Vistra's Leadership in Power Market: Vistra, the largest power generation and retail electricity service provider in the U.S., is expected to see nearly sixfold growth in EPS from 2025 to 2028, with a 20-year electricity supply agreement with Meta further solidifying its leadership position in the rapidly growing cloud and data center markets.
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- Stock Performance: Enbridge's stock has rallied over 30% in the past 12 months, currently hovering near its all-time high, indicating strong market performance and investor confidence.
- Revenue Growth: The company expects its adjusted EBITDA to grow at a 9.3% CAGR from $14 billion CAD to $19.95 billion CAD from 2021 to 2025, reflecting sustained profitability and market demand.
- Cash Flow Improvement: Enbridge's distributable cash flow (DCF) increased from $10.04 billion CAD to $12.45 billion CAD, with DCF per share growing at a 3.6% CAGR to $5.71 CAD, ensuring its ability to maintain stable dividend payments.
- Strategic Expansion: Enbridge plans to raise its adjusted EBITDA to $20.2-$20.8 billion CAD by 2026 and further solidify its market position through $8 billion CAD in new projects, demonstrating confidence in future growth.
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