Topic: How To Invest

Hi Pat: I own some Enbridge Income Fund. I would like to know your opinion of this fund. Thanks.

Article Excerpt

Enbridge Income Fund, $11.63, symbol ENF.UN on Toronto (Units outstanding: 34.6 million; Market cap: $403.3 million), holds a 50% interest in the Canadian portion of the Alliance Pipeline, and owns 100% of the Saskatchewan System. The Saskatchewan System operates crude-oil and liquids pipelines, including the Saskatchewan gathering, Westspur, Weyburn and Virden pipeline systems. The Alliance Pipeline, which went into operation in late 2000, is a 36-inch diameter pipeline with a daily capacity of 1.3 billion cubic feet of natural gas. It runs for 3,000 kilometres, from Fort St. John, British Columbia, to Chicago, Illinois. Alliance uses technology that makes it more efficient than many other pipelines. Aside from pipelines, Enbridge Income Fund holds a number of “green power” assets. These include a 50% interest in NRGreen Power Limited Partnership, which operates a waste heat recovery plant at Kerrobert, Saskatchewan. The plant converts exhaust heat from Alliance Pipeline’s natural-gas compressor station into electricity. The fund also owns a 50% interest in the…