The Globe and Mail reports in its Wednesday, Aug. 19, edition that Middlefield manager Rob Lauzon recommends buying Enbridge. The Globe's Shirley Won writes that this energy infrastructure and pipeline giant, which has raised its annual dividend for 26 consecutive years, will benefit from growing natural gas demand from datacentres, manufacturing plants and population growth, Mr. Lauzon says. Calgary-based Enbridge, which owns a gas utility, has a capital growth backlog of $41-billion, he adds. Ninety-eight per cent of its cash flow "comes from cost of service or take-or-pay contracts so the dividend really isn't riding on oil or gas prices," he notes. The stock, which pulled back amid rising bond yields on inflation concerns, now has a better entry point, he says. Enbridge, which has a 5-per-cent yield, trades around its historical average of 13 times enterprise value to earnings before interest, taxes, depreciation and amortization. Rising interest rates are a risk because of Enbridge's debt.