|Bid||46.81 x 0|
|Ask||46.87 x 0|
|Day's Range||46.77 - 47.24|
|52 Week Range||37.36 - 53.00|
|PE Ratio (TTM)||33.40|
|Earnings Date||Aug 1, 2018 - Aug 7, 2018|
|Forward Dividend & Yield||2.68 (5.77%)|
|1y Target Est||52.00|
Enbridge Inc. to Host a Joint Webcast with Enbridge Income Fund Holdings Inc., Enbridge Energy Partners, L.P. & Spectra Energy Partners, LP to Discuss 2018 Second Quarter Results on August 3
CALGARY , July 12, 2018 /PRNewswire/ - Enbridge Inc. (TSX, NYSE: ENB) (Enbridge) will host a joint conference call and webcast with Enbridge Income Fund Holdings Inc. (TSX: ENF), Enbridge Energy Partners, ...
Enbridge Inc announced the sale of its natural gas gathering and processing business to Brookfield Infrastructure Partners L.P.
Brookfield Infrastructure Partners L.P. (NYSE: BIP )'s acquisition of Enbridge Inc (USA) (NYSE: ENB )'s Canadian natural gas gathering and processing business is likely underappreciated by the market, ...
* At 9:38 a.m. ET (13:38 GMT), the Toronto Stock Exchange's S&P/TSX composite index was down 47.28 points, or 0.29 percent, at 16,257.44. * Gold prices fell despite a weaker dollar as investors worried that U.S. Federal Reserve minutes, due later in the day, would highlight scope for further rate hikes. * The materials sector, which includes precious and base metals miners and fertilizer companies, lost 0.5 percent as spot gold fell 0.1 percent to $1254.95 an ounce, while copper prices declined 0.1 percent to $6,382.5 a tonne.
July 5 (Reuters) - The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy. THE GLOBE AND MAIL ** Tricon Capital ...
The deal, for 4.3 billion Canadian dollars ($3.7 billion), comes less than two months after the company announced C$3.2 billion of asset sales. Mr. Monaco has been restructuring the Calgary, Alberta-based company since becoming CEO after Enbridge’s $28 billion acquisition of Spectra Energy Corp in 2017. Enbridge borrowed billions to finance that deal, and the company has since been trying to pare that debt.
Canada's main stock index edged higher on Wednesday, helped by gains for heavily-weighted financial shares and Enbridge Inc after the company said it would sell natural gas assets. At 10:16 a.m. EDT (1416 GMT), the Toronto Stock Exchange's S&P/TSX composite index rose 40.14 points, or 0.25 percent, to 16,303.30. Shares of Enbridge rose 1.3 percent to C$46.98.
The business includes 19 natural gas processing plants and liquids handling facilities and is spread across Montney, Peace River Arch, Horn River and Liard basins in British Columbia and Alberta, Enbridge said. "The sale ... significantly advances our strategic priority of moving to a pure play regulated pipeline and utility business model," Enbridge Chief Executive Officer Al Monaco said. Calgary-based Enbridge, which has been under pressure to sell noncore assets and reduce its debt, said in May it would buy its independent units including Spectra Energy Partners and Enbridge Energy Partners as well as its pipeline assets and bring then under a single listed entity.
Enbridge Inc said on Wednesday it would sell its Canadian natural gas gathering and processing business to Brookfield Infrastructure Partners LP and its institutional partners for about C$4.31 billion ($3.28 billion), as part of a move to recast itself as a pipeline utility. The business includes 19 natural gas processing plants and liquids handling facilities and is spread across Montney, Peace River Arch, Horn River and Liard basins in British Columbia and Alberta, Enbridge said. "The sale ... significantly advances our strategic priority of moving to a pure play regulated pipeline and utility business model," Enbridge Chief Executive Officer Al Monaco said.
Enbridge Inc.’s efforts to repair its balance sheet and focus on pipelines took a big step forward with the C$4.31 billion ($3.3 billion) sale of its Canadian natural gas gathering and processing businesses to a group led by Brookfield Asset Management Inc. The deal includes assets that collect gas from drillers in the Montney, Peace River Arch, Horn River and Liard basins in British Columbia and Alberta, Calgary-based Enbridge said Wednesday. North America’s largest pipeline operator has now struck deals for C$7.5 billion in asset sales this year -- blowing past a goal of C$3 billion in divestitures -- helping it whittle down the debt it took on in last year’s $28.6 billion purchase of Spectra Energy Corp. The company also has been working to focus on its three core businesses of oil pipelines, gas pipelines and gas utilities.
Enbridge Inc. agreed to sell Canadian natural-gas businesses to Brookfield Infrastructure Partners LP for a cash purchase price of C$4.31 billion ($3.3 billion).
The G&P Business includes 19 natural gas processing plants and liquids handling facilities, with a total operating capacity of 3.3 Bcf/d and 3,550 km of natural gas gathering pipelines. "When combined with asset monetizations announced in May, the sale of our Canadian G&P Business significantly advances our strategic priority of moving to a pure play regulated pipeline and utility business model." said Al Monaco , President and Chief Executive Officer of Enbridge. Separate sale agreements have been entered into for those facilities currently governed by provincial regulations ( Alberta and B.C.), and those governed by federal National Energy Board regulations. The transaction involving the sale of the provincially regulated facilities is expected to close in 2018, while the transaction involving the sale of the federally regulated facilities is anticipated to close in mid-2019.
CALGARY , July 4, 2018 /PRNewswire/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge or the Company) today announced that it has entered into definitive agreements to sell its Canadian natural gas gathering ...
Fresh off approval by Minnesota regulators, officials with Enbridge Energy said Friday they're on track to finish construction and put the company's disputed Line 3 replacement crude oil pipeline into service in the second half of next year, assuming all goes well for them. The Minnesota Public Utilities Commission on Thursday determined the project is necessary and approved the Canadian company's preferred route across northern Minnesota, with modifications and conditions that Enbridge considers minor. Democratic Gov. Mark Dayton said those permit approvals "are by no means assured" and that state agencies will hold the company to "Minnesota's highest standards" for protecting its environment, natural resources and cultural heritage.
Enbridge Energy officials say they're on track to finish construction and put the disputed Line 3 replacement crude oil pipeline into service in the second half of next year, assuming they get the remaining approvals. In an interview with The Associated Press, the president of the Canadian company's Liquids Pipelines division says a lot of work is ahead. The Minnesota Public Utilities Commission on Thursday determined the project is necessary and approved the company's preferred route across northern Minnesota with minor modifications.
An oil pipeline that runs through the area where Lakes Huron and Michigan meet also crosses other Michigan waterways at nearly 400 locations, dozens of which are considered particularly sensitive, a report disclosed Friday. Enbridge Inc., the Canadian company that owns Line 5, listed the water crossings in one of three reports submitted to the state under a 2017 agreement with Gov. Rick Snyder, whose administration is expected to determine the pipeline's long-term future by October. Environmental groups want it decommissioned, contending the 65-year-old line is outdated and vulnerable to leaks, while the company says it's in good shape.
The needle-moving project increases the probability that the Canadian energy infrastructure giant can achieve its dividend growth plan.
Enbridge (ENB) stock closed 4.5% higher on June 28 after the Minnesota Public Utilities Commission approved its Line 3 Replacement project. The Commission approved Enbridge’s preferred route for the project. The approval of Enbridge’s preferred route means that there won’t be any material change in the project’s cost.