Will Enbridge and TransCanada Gain Upward Momentum?
Enbridge (ENB) and TransCanada (TRP) have lagged behind the broader US energy sector in 2018. Enbridge and TransCanada have fallen roughly 10% in 2018, while the Energy Select Sector SPDR ETF (XLE) has risen ~5% YTD (year-to-date). So far, crude oil prices have risen ~14% in 2018. Enbridge Energy Partners (EEP) and TC PipeLines (TCP) have fallen ~20% and ~40%, respectively, YTD.