|Bid||53.94 x 0|
|Ask||53.97 x 0|
|Day's Range||53.76 - 54.07|
|52 Week Range||43.02 - 54.07|
|Beta (5Y Monthly)||0.96|
|PE Ratio (TTM)||18.72|
|Earnings Date||Feb 13, 2020|
|Forward Dividend & Yield||3.24 (6.02%)|
|Ex-Dividend Date||Feb 12, 2020|
|1y Target Est||55.39|
Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge or the Company) will host a conference call and webcast to provide an enterprise-wide business update and review 2019 fourth quarter and full-year results on February 14, 2020 at 7:00 a.m. MT (9:00 a.m. ET).
The future Annova LNG liquefaction facility at the Port of Brownsville will be fed with gas from an Enbridge Inc. pipeline, according to a Wednesday news release. Enbridge's (NYSE: ENB) Valley Crossing Pipeline, which runs from the gas hub of Agua Dulce to just east of Brownsville, will be extended nine miles to supply Annova with the gas needed to produce 6.5 metric tons of LNG per year, according to a statement by Annova. “Annova LNG’s firm transportation arrangements will ensure security of supply and access to the most diversified, low-cost feed gas of any of the U.S. LNG facilities,” Annova CEO Omar Khayum said in the statement.
Candlestick charts are a type of financial chart for tracking the movement of securities. Candlesticks are so named because the rectangular shape and lines on either end resemble a candle with wicks. Each candlestick usually represents one day’s worth of price data about a stock.
Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge) today announced the closing of the agreement through which Enbridge has sold a number of federally-regulated natural gas gathering and processing assets in British Columbia ("G&P; Business") to Brookfield Infrastructure (NYSE: BIP) (TSX: BIP.UN) and its institutional partners (collectively, "Brookfield"). These federally-regulated assets represent the second phase of the $4.3 B transaction, previously announced on July 4, 2018.
Enbridge Inc. (TSX, NYSE: ENB) (Enbridge or the Company) announced today a correction to its press release issued on December 10, 2019 in respect of the dividend amount declared on its Preference Shares, Series 9 only. In the press release, the dividend amount payable March 1, 2020 to shareholders of record on February 14, 2020 was misstated as $0.26926. The correct amount is $0.25606.
Enbridge plans to allow shippers to book 90% of space under long-term contracts on the nearly 3 million barrel per day Mainline, Canada's biggest oil pipeline system, rather than continue to ration space on a monthly basis. The move comes as existing Canadian pipelines are congested, and the oil industry struggles to win regulatory or legal approval to expand them over environmental opposition. Unlike when Enbridge made its first such proposal, the regulator is requiring that Enbridge delay open season - the period when it auctions off space - until after the CER approves of the terms, Enbridge's executive vice president of liquids pipelines, Guy Jarvis, told reporters on a conference call.
Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge or the Company) submitted today an application to the Canada Energy Regulator (CER) to implement contracting on the company's Mainline pipeline system.
Houston-based Phillips 66 (NYSE: PSX) plans to spend about $2.15 billion on growth in 2020. Phillips 66, which produces more revenue than any other Houston-based public company, will put the lion’s share of that capital to work in its midstream segment under both the top-level corporation and its master limited partnership, Phillips 66 Partners LP (NYSE: PSXP), according to a press release.
While the market driven by short-term sentiment influenced by the accomodative interest rate environment in the US, increasing oil prices and deteriorating expectations towards the resolution of the trade war with China, many smart money investors kept their cautious approach regarding the current bull run in the third quarter and hedging or reducing many of […]
Canadian pipeline operator Enbridge Inc on Tuesday forecast higher core earnings for 2020 and said it had notified the country's energy regulator that it plans to file an application for contracting the Mainline system before the year-end. Enbridge said in November it planned to seek the Canada Energy Regulator's approval to auction off rights to ship crude on its Mainline system, more than a month after the watchdog said the company will not be allowed to offer contracted space on the pipeline to shippers. Canada holds the world's third-largest crude reserves but years of regulatory delays and environmental opposition have stymied development of new export pipelines, contributing to falling capital investment and slowing growth in the oil sands.
Enbridge said in November it planned to seek the Canada Energy Regulator's approval to auction off rights to ship crude on its Mainline system, more than a month after the watchdog said the company will not be allowed to offer contracted space on the pipeline to shippers. Canada holds the world's third-largest crude reserves but years of regulatory delays and environmental opposition have stymied development of new export pipelines, contributing to falling capital investment and slowing growth in the oil sands. The company said it expects earnings before interest, taxes, depreciation and amortization (EBITDA) of C$13.7 billion ($10.30 billion) next year, compared with its 2019 forecast of C$13 billion, partly helped by its Line 3 going into service in Canada.
Enbridge Inc. (Enbridge or the Company) (TSX:ENB)(NYSE:ENB) announced its 2020 dividend and financial guidance and provided an update on its strategic priorities, which will be further discussed at the Company's investor conference today in New York.
Enbridge Inc. (TSX, NYSE: ENB) (Enbridge or the Company) announced today that its Board of Directors has declared a quarterly dividend of $0.81 per common share, payable on March 1, 2020 to shareholders of record on February 14, 2020. The declared dividend represents a 9.8 percent increase from the prior quarterly rate and the twenty-fifth consecutive year in which the Company has increased its common share dividend.
Canada's Enbridge Inc said on Monday that a revised environmental statement from the state of Minnesota's commerce department concludes that replacing the aging Line 3 oil pipeline would not introduce risks for Lake Superior in the case of a spill. The revised statement was drafted at the request of the Minnesota Public Utilities Commission (PUC). A court had determined the previous environmental assessment was inadequate.
Enterprise Products Partners LP and Enbridge Inc have agreed to jointly develop a U.S. Gulf Coast crude export terminal that would load supertankers off Freeport, Texas, Enbridge said on Monday. The pipeline operators plan to finalize a deal that would provide Enbridge an option to purchase ownership interest in Enterprise's Sea Port Oil Terminal (SPOT), subject to SPOT receiving a deepwater port license, Enbridge said.
The offshore terminal will be able to load Very Large Crude Carriers (VLCCs) at rates of approximately 85,000 barrels of oil per hour, or up to approximately 2 million barrels per day.