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The Ultimate Energy Stock to Buy With $1,000 Right Now


//stocks-investing.news-articles.net/content/202 .. te-energy-stock-to-buy-with-1-000-right-now.html
Published in Stocks and Investing on by The Motley Fool Canada   Print publication without navigation

A prolific energy stock is a strong buy right now if you want a substantial windfall from an investment of as little as $1,000.

The article from Fool.ca, published on December 9, 2024, discusses the merits of investing in Enbridge Inc. (TSX:ENB) as the ultimate energy stock to buy with $1,000. Enbridge is highlighted for its robust business model, which includes a diversified portfolio of energy infrastructure assets like pipelines, utilities, and renewable energy projects. The company's stable revenue streams from long-term contracts and regulated assets provide a reliable income, making it an attractive option for dividend investors. Enbridge has a history of increasing its dividends, currently offering a high yield of around 7.5%, which is appealing for those seeking passive income. Despite the energy sector's volatility, Enbridge's strategic investments in both traditional and renewable energy sources position it well for future growth, making it a compelling choice for investors looking to balance income and growth potential.

Read the Full The Motley Fool Canada Article at:
[ https://www.fool.ca/2024/12/09/the-ultimate-energy-stock-to-buy-with-1000-right-now/ ]

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