ENB, long position. The IJ Fund aims to build a low-beta portfolio, composed of undervalued stocks. Enbridge is a gas and oil transporter, not a producer. As the world went into lockdown, its share price suffered a painful decline. Whereas the global economy has started to recover, this is not yet reflected in Enbridge's stock price. The IJ Fund has reason to believe that Enbridge is able to revive significant revenue as global consumption levels and demand for energy recovers. The company has a beta of 0.93. The market capitalization is $56Bn, and the company’s industry classifies as Energy.