- Reuters•5 days ago
Enbridge Inc may be set for a bruising legal battle in Wisconsin after a Native American tribe voted against renewing land use agreements on a major crude oil pipeline, potentially shutting down a conduit that has been in operation since the 1950s, legal experts said. The vote last week has ratcheted up tension on Enbridge, which already faces questions about the safety of the line elsewhere in the U.S. Midwest. The Bad River Band decided that Enbridge should no longer be allowed to operate the Line 5 pipeline across its reservation, and is calling for the 64-year-old conduit to be removed because of concerns about potential oil spills.
- Market Realist•6 days ago
On January 5, 2017, the Bad River Band of Lake Superior Chippewa called for the removal of Enbridge’s Line 5 pipeline from its reservation in Wisconsin.
- Reuters•6 days ago
Enbridge Inc has approved a new stream of heavy Canadian crude for export on one of its major oil pipelines to the United States, according to four trading sources. Canada produces more heavy than light crude because of its vast oil sands projects in northern Alberta. Enbridge's plan to squeeze more heavy crude onto its pipelines by shipping the new grade is its latest attempt to resolve bottlenecks in the 2.85 million barrel per day (bpd) Mainline system, traders in Calgary said.
ENB.TO : Summary for ENBRIDGE INC - Yahoo Finance
Enbridge Inc. (ENB.TO)
Toronto - Toronto Delayed Price. Currency in CAD
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|Day's Range||56.20 - 56.83|
|52 Week Range||40.03 - 59.19|
|PE Ratio (TTM)||28.77|
|Dividend & Yield||2.33 (4.10%)|
|1y Target Est||N/A|