Enbridge Inc.

TSE: ENB
Enbridge is one of North America's largest pipeline operators, transporting various crude oil blends, natural gas liquids (NGLs) and refined products like jet fuel and gasoline. It also acts as a natural gas utility in eastern Canada and has been growing its renewable asset portfolio with wind, solar and geothermal acquisitions and projects over time. It currently sits at $51.06, down from a recent high of around $55.00 and a more considerable all-time high of $65.05, which is not surprising given the industry it is in. The forward-looking price-to-earnings (PE) ratio is 28.37, which is on the higher side when considering the whole market but appears to be lower when looking at historical valuations. Compared to other Canadian peers like Transcanada (TSE: TRP) and Pembina Pipeline (TSE: PPL), it looks to be about par, but represents a more diverse range of business, which is why I find it more appealing. Growth appears to be limited, with a relatively high PEG ratio of 5.63. At this price, it has a 4.01% dividend, which has grown consistently for a number of years. It should be noted that Enbridge reports 2016 Q2 earnings on Friday, July 29th, and this singular event could push the stock down or up by the end of that day.
Disclosure: I personally own ENB.