Jim Cramer Commented on These 6 Natural Gas Players

3. Enbridge Inc. (NYSE:ENB)

Number of Hedge Fund Holders: 27

Enbridge Inc. (NYSE:ENB) was mentioned during the episode, and here’s what Cramer had to say:

“What else? You know I’m a big fan of Enbridge, the Canadian pipeline colossus. Although their network also has lots of crude oil exposure, still, I think Enbridge belongs in any shortlist of natural gas plays because they operate the continent’s largest natural gas utility by volume. These guys were always big in Canada, they run the main gas utility in Toronto.

But last year, they bought three American utilities in Utah, Ohio, and North Carolina, respectively, from Dominion Energy, and that’s created North America’s largest natural gas utility. Now, despite a solid 5% gain so far this year and a nearly 18% gain over the past 12 months, the stock’s pretty still cheap, trading just over 20 times this year’s earnings estimates, get this, supports a juicy 6% yield. What is not to like about Enbridge?”

Enbridge (NYSE:ENB) is an energy infrastructure company in North America. The company operates pipelines, natural gas systems, renewable power assets, and provides commodity marketing and logistics services.