The completion of Enbridge Inc.’s (NYSE: ENB) US$28 billion merger with Spectra Energy Corp. on Feb. 27 created not just North America’s largest pipeline and energy infrastructure company, but what could be an investing opportunity.Financial analysts peppered online sites with “now is the time to buy Enbridge” articles in the days preceding the closing. The consensus stock target price for the Calgary-based company among Canadian banks is CA$62.67 (US$47.80), with Enbridge units priced at CA$55.39 (US$45.25) at midday Feb. 28 on the Toronto Stock Exchange.
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