Enbridge looks like a buy, at least to me.

My Enbridge dance card is full. I like putting a ceiling on how much I own of any one stock. I think of this as risk management through diversification. But, if you don't have a lot of Enbridge eggs in your basket, today might be a good time to consider some increased exposure to the Canadian pipeline operator.

Enbridge was in the news last month when it announced the proposed purchase of three utilities from Dominion Energy (D.N) for $14 billion including debt, creating North America's largest natural gas provider and doubling its gas distribution business.

The deal is for East Ohio Gas, Questar Gas, and Public Service Co of North Carolina and will consist of $9.4 billion in cash and $4.6 billion of assumed debt.

Enbridge is branching out. It is no longer simply a pipeline provider. Previously it was in the news for the windmill farms it is constructing in the Atlantic Ocean off the coast of France. Clearly, Enbridge wants to be a company with a future and it is ensuring that future today.

At $43.34, the stock price at this moment shouts "Buy me!" and folk acquiring the stock will enjoy a dividend of 8.233% as they wait for the capital appreciation to kick-in.

If I didn't own as much as I do, I would be a buyer. Who knows, I may yet yield to temptation and add just a little to my holdings. It is hard to resist.