Better Buy: Enbridge vs. Magellan Midstream Partners

Better Buy: Enbridge vs. Magellan Midstream Partners

Canadian Enbridge sports a market cap of nearly $61 billion, dwarfing Magellan's $7.6 billion valuation. Magellan is an important industry player in the North American energy industry, but it just doesn't have the same scale. Enbridge's business includes oil pipelines (about 55% of adjusted EBITDA), natural gas pipelines (27%), natural gas distribution (13%), and renewable power (the rest).