ENB.TO - Enbridge Inc.
| Previous Close | 44.44 |
| Open | 44.21 |
| Bid | 43.33 x 0 |
| Ask | 43.34 x 0 |
| Day's Range | 43.21 - 44.31 |
| 52 Week Range | 39.40 - 51.22 |
| Volume | 4,367,037 |
| Avg. Volume | 4,752,941 |
| Market Cap | 87.733B |
| Beta (3Y Monthly) | 1.02 |
| PE Ratio (TTM) | 17.69 |
| EPS (TTM) | 2.45 |
| Earnings Date | Oct 31, 2019 - Nov 4, 2019 |
| Forward Dividend & Yield | 2.95 (6.64%) |
| Ex-Dividend Date | 2019-08-14 |
| 1y Target Est | 53.53 |
- PR Newswire
Enbridge Announces Conversion Results for Series 3 Preferred Shares
CALGARY , Aug. 19, 2019 /PRNewswire/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge or the Company) announced today that none of its outstanding Cumulative Redeemable Preference Shares, Series 3 (Series ...
- Reuters
MEG Energy joins opposition to Enbridge pipeline changes in Canada
Oil sands producer MEG Energy Corp has become the largest producer so far to call for pipeline company Enbridge Inc to scrap plans to introduce long-term, fixed-volume contracts on its Mainline system, in a letter to Canadian regulators laying out its opposition. Last month the Explorers and Producers Association of Canada, which represents smaller producers, also wrote to Canada’s National Energy Board opposing the change because of concerns it will favor larger oil producers and refiners. Enbridge's plan to switch from a monthly nomination system to "contract carriage" comes at a time when Canadian export pipelines are so constrained the Alberta government has imposed oil production curtailments and has drawn fierce criticism from small producers.
- Reuters
RPT-UPDATE 1-MEG Energy joins opposition to Enbridge pipeline changes in Canada
Oil sands producer MEG Energy Corp has become the largest producer so far to call for pipeline company Enbridge Inc to scrap plans to introduce long-term, fixed-volume contracts on its Mainline system, in a letter to Canadian regulators laying out its opposition. Last month the Explorers and Producers Association of Canada, which represents smaller producers, also wrote to Canada’s National Energy Board opposing the change because of concerns it will favor larger oil producers and refiners. The 2.85 million barrel-per-day Mainline is North America's largest pipeline system and a crucial conduit for Canadian producers exporting crude to the United States.
- Reuters
MEG Energy complains to Canada regulator over proposed Enbridge pipeline changes
Oil sands producer MEG Energy has written to Canada's energy regulator to oppose pipeline company Enbridge Inc's plan to introduce long-term fixed volume contracts on its Mainline system. MEG's open letter to the National Energy Board regulator, filed on Friday, makes it the largest producer so far to call for Enbridge to scrap its Mainline plan because of how it will affect producers' ability to ship crude to market. The 2.85 million barrel per day Mainline is North America's largest pipeline system and a crucial conduit for Canadian producers exporting crude to the United States.
- Reuters
Enbridge seeks partial natgas pipe return Aug. 24-26 after Kentucky blast
Canadian energy company Enbridge Inc said it expects to return one pipe to service between Aug. 24 and 26 on its Texas Eastern natural gas system in Kentucky that shut after an explosion on an adjacent line killed one person on Aug. 1. Texas Eastern has three lines between its Danville and Tompkinsville compressors in Kentucky that make up its 30-inch (76-centimeter) system. Enbridge said it plans to replace portions of Lines 10 and 25 in the vicinity of the incident and assess the entire length of Line 15 from Uniontown, Pennsylvania to Kosciusko, Mississippi.
- Reuters
Enbridge needs U.S. approval to restart natgas pipe after Kentucky blast
The U.S. Pipeline and Hazardous Materials Safety Administration (PHMSA) issued a corrective action order last week requiring the company to perform several tasks before the regulator will allow any flows through the blast site, near Danville, Kentucky. Texas Eastern has three lines between its Danville and Tompkinsville compressors in Kentucky that make up its 30-inch (76-centimeter) system.
- Motley Fool
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- Motley Fool
The 10 Biggest Pipeline Stocks
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- Reuters
Enbridge works to return Texas Eastern natgas pipe after Kentucky blast
Enbridge said it is working with several agencies looking into the blast, including the U.S. National Transportation Safety Board, which is leading the investigation. The blast, near Danville, Kentucky, was the second so far this year on the Texas Eastern system following an explosion in Ohio in January that injured at least two people. It was also the third big blast for Enbridge in less than a year following an explosion in British Columbia on its Westcoast system in October.
- Simply Wall St.
Here's Why We're Wary Of Buying Enbridge Inc.'s (TSE:ENB) For Its Upcoming Dividend
Some investors rely on dividends for growing their wealth, and if you're one of those dividend sleuths, you might be...
- Thomson Reuters StreetEvents
Edited Transcript of ENB.TO earnings conference call or presentation 2-Aug-19 1:00pm GMT
Q2 2019 Enbridge Inc Earnings Call
- Motley Fool
A Pipeline Explosion Overshadows Enbridge's Earnings
The Canadian midstream giant's earnings results were respectable, but the news of an explosion on its Texas Eastern natural gas line leaves some unanswered questions.
- Reuters
UPDATE 1-Enbridge to keep Kentucky gas pipe shut for at least a week after blast
Canadian energy company Enbridge Inc said the section of its Texas Eastern pipeline in Kentucky that exploded on Thursday, killing one person, will remain shut through at least Aug. 12. Enbridge said in a notice to customers Monday afternoon it is working with federal and state officials investigating the incident and has not estimated when the damaged section of pipe will return to service. The U.S. National Transportation Safety Board has assumed control of the incident site in Kentucky and Enbridge said it is supporting that investigation.
- Reuters
Enbridge to keep Kentucky gas pipe shut for at least a week after blast
Enbridge said in a notice to customers Monday afternoon it is working with federal and state officials investigating the incident and has not estimated when the damaged section of pipe will return to service. The U.S. National Transportation Safety Board has assumed control of the incident site in Kentucky and Enbridge said it is supporting that investigation. The blast, near Danville, Kentucky, was the second so far this year on the Texas Eastern system following an explosion in Ohio in January that injured at least two people.
- Simply Wall St.
These Fundamentals Make Enbridge Inc. (TSE:ENB) Truly Worth Looking At
I've been keeping an eye on Enbridge Inc. (TSE:ENB) because I'm attracted to its fundamentals. Looking at the company...
- Investopedia
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Here is a look at the top-performing individual oil companies with market caps of at least $10 billion.
- PR Newswire
Enbridge Provides Notice of Series 3 Preferred Shares Conversion Right and Announces Reset Dividend Rates
CALGARY, Aug. 2, 2019 /PRNewswire/ - Enbridge Inc. (ENB) (ENB) (Enbridge or the Company) announced today that it does not intend to exercise its right to redeem its currently outstanding Cumulative Redeemable Preference Shares, Series 3 (Series 3 Shares) (ENB-PY.TO) on September 1, 2019. As a result, subject to certain conditions, the holders of the Series 3 Shares have the right to convert all or part of their Series 3 Shares on a one-for-one basis into Cumulative Redeemable Preference Shares, Series 4 of Enbridge (Series 4 Shares) on September 1, 2019.
Motley FoolEnbridge Inc (ENB) Q2 2019 Earnings Call Transcript
ENB earnings call for the period ending June 30, 2019.
- Bloomberg
Pipelines Add Room on ‘Unrelenting’ Demand for Canada’s Oil
(Bloomberg) -- U.S. refiners want more Canadian oil, and pipeline companies are finding ways to get it to them.Companies are adding space to their congested oil export pipelines from Canada even as plans for bigger expansions and new lines face delays. TC Energy Corp. will offer as much as 50,000 barrels a day of new capacity on its Keystone pipeline as early as next year by using chemicals, called drag resistance agents, to ease flows thorough the system.That “will allow TC Energy to respond to the demand for additional transportation capacity for crude oil from western Canada to the U.S. Gulf Coast,” Jamie Harding, a spokesman for the company, said in an email.Enbridge Inc., operator of the largest oil pipeline system, is using similar methods to add about 135,000 barrels a day of extra capacity to its system by early next year. The company begins an open season Friday, allowing shippers to sign up for secure, contracted space on the Enbridge mainline system starting in July 2021.Since June, flows on Enbridge’s Mainline are up 213,000 barrels a day from a year earlier, said Tim Pickering, founder and chief investment officer of Auspice Capital Advisors in Calgary. Rail exports are also ramping up and are forecast to reach half a million barrels a day, Tim McKay, present of Canadian Natural Resources Ltd., said Thursday.“When you put the Enbridge mainline and increased rail, that’s whats bringing in differentials” between heavy Canadian crude and WTI futures, Pickering said.Heavy Canadian crude for January was less than $20 a barrel below to West Texas Intermediate futures Wednesday versus almost $22 a month ago, according to data compiled by Bloomberg.Enbridge has optimized its pipeline system to create about 220,000 barrels a day of new capacity over the past “couple of years,” Jesse Semko, a spokesman for the company, said in an email.Alberta CurtailmentCanadian oil producers have been struggling to export their crude for more than a year after pipelines filled to capacity, sending the price of heavy Western Canadian Select crude to a $50 discount to futures last October. The situation became dire enough that Alberta’s government imposed mandatory limits on the largest suppliers.Prices are strengthening even after Enbridge announced that its Line 3 pipeline expansion won’t start operation until late next year, about 12 months behind schedule, a situation that could prompt an extension of the production limits into 2020. At the same time, new low-sulfur ship fuel rules that go into force next year threaten to cut demand for the heavy, high-sulfur grades of crude produced in Canada.Still, demand for heavy crude by refiners in the U.S. Gulf Coast and abroad has strengthened as Venezuelan production collapsed amid sanctions and political unrest, OPEC cut output and as sanctions were tightened on Iran. A cargo of Kearl crude was shipped from the Gulf Coast to Malaysia last month, the first such shipment in five years.“The demand we are seeing from the refiners for heavy barrels is unrelenting,” Pickering said. “It’s massive.”(Adds Enbridge open season in fourth paragraph.)\--With assistance from Sheela Tobben.To contact the reporter on this story: Robert Tuttle in Calgary at rtuttle@bloomberg.netTo contact the editors responsible for this story: David Marino at dmarino4@bloomberg.net, Catherine TraywickFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Reuters
Enbridge Texas Eastern gas pipe remains shut after Kentucky blast
The blast near Danville, Kentucky was the second so far this year on the Texas Eastern system following an explosion in Ohio in January that injured at least two people. It was also the third big blast for Enbridge in less than a year following an explosion in British Columbia on its Westcoast system in October. Enbridge said the U.S. National Transportation Safety Board assumed control of the incident site and the company was supporting that investigation.
