ENB.TO : Summary for ENBRIDGE INC - Yahoo Finance

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Enbridge Inc. (ENB.TO)

Toronto - Toronto Delayed Price. Currency in CAD
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54.68+0.14 (+0.26%)
At close: 4:00PM EDT
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Previous Close54.54
Bid54.60 x
Ask54.78 x
Day's Range54.50 - 55.02
52 Week Range48.72 - 59.19
Avg. Volume4,624,431
Market Cap89.36B
PE Ratio (TTM)28.33
Earnings DateN/A
Dividend & Yield2.33 (4.26%)
Ex-Dividend DateN/A
1y Target EstN/A
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    Canada's Enbridge Inc said on Wednesday it would cut about 1,000 positions, or 6 percent of its work force, after buying Spectra Energy Corp of Houston, the first layoffs for the combined energy infrastructure company, the biggest in North America. The takeover announced last year, the most significant energy deal since oil and natural gas prices crashed in mid-2014, had highlighted how pipeline companies were under pressure to merge as they grappled with overcapacity and sliding tariffs that had slowed dividend growth and unnerved investors. It is relatively common for layoffs to occur in mergers, and even without such deals oil and gas companies have been shedding staff in a bid to cut costs.