With Enbridge stock price oscillating in the CAD 45–47 band, options market data suggest traders expect moderate volatility next month. The implied volatility has eased from 18% to 15%, indicating reduced probability of extreme price swings in the short run. 3 Potential Future Dividend Kings to Buy and Hold for Growing Passive Income was originally published by The Motley Fool I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Enbridge stock price trends have recently correlated more with bond yields than oil prices, as investor focus shifts toward stable cash flows. Some portfolio managers consider ENB a defensive play in energy, with its regulated assets underpinning valuation strength despite macro headwinds.