Thanks to the massive drilling boom in the U.S., a bull market is being created in anything that can help transport all of the new oil and natural gas coming on line. And one of the pipeline companies in the middle of the boom is Enbridge.
The “Mad Money” host thinks Enbridge should be able to deliver 10 percent earnings per share growth into the latter part of the decade thanks to new projects on the horizon. In fact, after 2011, the company has secured $6 billion in new growth products, including the expansion of pipelines in the Bakken system. Cramer thinks those projects should cause Enbridge’s cash flows to nearly triple by 2013.
To find out more about this oil and gas pipeline play, Cramer spoke with CEO Patrick Daniel.
Watch the video to see the full interview.
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