Passive Income: Why Buy Enbridge (TSX:ENB) and 1 More Energy Stock?

Gas pipelines

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The COVID-19 pandemic weighed heavily on the operations of energy companies wiping out demand. However, the sharp recovery in oil prices, supported by the uptick in economic activities, underinvestment in new supply amid the pandemic, and supply disruptions following the Russia/Ukraine conflict, are driving the financials of energy companies and, in turn, their payouts. 

While several energy companies, including Suncor Energy, cut their payouts to remain afloat…

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