5 Best TSX Stocks to Buy Right Now

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In this article, we will take a look at the 5 best TSX stocks to buy right now. For a detailed analysis of these stocks, go directly to 10 Best TSX Stocks to Buy Right Now.

5. Enbridge Inc. (TSX: ENB.TO)

Enbridge Inc. (TSX: ENB.TO) is a Calgary-based energy transportation firm. It owns and operates oil pipelines, gas distribution and storage systems, and has wind, solar, geothermal, and waste heat recovery facilities. Enbridge was founded in 1949 and is ranked fifth on our list of 10 best TSX stocks to buy right now. The company has operations in North America and Europe. Enbridge stock has offered investors more than 24% returns in the past twelve months as business took a hit due to the COVID-19 pandemic.

On March 16, Enbridge Inc. (TSX: ENB.TO) warned that shutting down an energy pipeline between Michigan and Canada would trigger job losses and economic crisis for the area. Michigan had earlier accused Enbridge of violating a lease agreement for the pipeline. Dallas-based Energy Transfer LP (NYSE: ET) is a similar investment to Enbridge. Out of the hedge funds being tracked by Insider Monkey, Appaloosa Management LP is a leading shareholder in Energy Transfer LP (NYSE: ET) with shares worth more than $148 million.

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