With Enbridge Inc. planning a $28-billion takeover of Spectra Energy Corp., some investors say the industry's in store for more deals as pressure mounts on the likes of Enterprise Products Partners and Kinder Morgan to follow suit. The biggest pipeline deal of the year foreshadows a feeding frenzy as those companies that survived the collapse in oil and natural gas prices step up the hunt for bargains. TransCanada Corp. got the ball rolling with the $10.2-billion purchase of Columbia Pipeline Group Inc. earlier in the year.<br />
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"We've just come through a very tumultuous period," said Libby Toudouze, a partner and portfolio manager at Cushing Asset Management in Dallas. "Being able to survive the trough in the energy cycle, especially one like this last one that was so long, means you have to be bigger, faster, stronger."