Shares of master limited partnership Enbridge Energy Partners (EEP) were rising nicely Friday after the crude pipeline operator concluded a long-anticipated strategic review and announced a 40% distribution cut. Its current yield will fall from 12% to 7%, about in line with other energy MLPs and the Alerian MLP ETF (AMLP). It is also selling off its Midcoast gathering and processing business for $2.15 billion, which includes over a billion in cash plus debt of Midcoast Energy Partners (MEP).
Enbridge Inc. announced today that the strategic review of Enbridge Energy Partners, L.P. has been completed. The following actions, together with the previously announced measures earlier this year, have ...
Now, in Michigan, a broad coalition of opponents is entering a new frontier: Pushing to rip out and reroute an existing pipeline - Enbridge Inc.'s aging Line 5, which crosses the Straits of Mackinac. The firm plans to add 18 additional supports in the Straits this summer, he said.
ENB : Summary for Enbridge Inc - Yahoo Finance
Enbridge Inc. (ENB)
NYSE - NYSE Delayed Price. Currency in USD
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|Bid||41.30 x 100|
|Ask||41.79 x 2000|
|Day's Range||41.17 - 41.60|
|52 Week Range||38.40 - 45.77|
Trade prices are not sourced from all markets
|PE Ratio (TTM)||28.82|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|