Enbridge stock price the Enbridge stock price has shown

The Enbridge stock price has shown muted correlation to oil futures lately, driven by the defensive nature of its midstream segment. If liquidity inflows persist, momentum traders may push bids toward the CAD 48 mark within the next quarter. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Adjusted earnings increased $170 million and adjusted earnings per share increased by $0.07 when compared with the second quarter in 2024 primarily due to higher adjusted EBITDA driven by operational factors discussed above, and: Pipeline regulatory developments in Canada and the U.S. could act as catalysts for Enbridge stock price movement in the coming months. Upbeat industry forecasts on energy transport demand offer potential tailwinds for share performance.