ENB.TO - Enbridge Inc.
| Previous Close | 46.32 |
| Open | 46.90 |
| Bid | 46.58 x 0 |
| Ask | 46.59 x 0 |
| Day's Range | 46.47 - 47.15 |
| 52 Week Range | 39.40 - 51.22 |
| Volume | 5,090,260 |
| Avg. Volume | 4,485,298 |
| Market Cap | 94.371B |
| Beta (3Y Monthly) | 1.02 |
| PE Ratio (TTM) | 19.02 |
| EPS (TTM) | 2.45 |
| Earnings Date | Oct 31, 2019 - Nov 4, 2019 |
| Forward Dividend & Yield | 2.95 (6.37%) |
| Ex-Dividend Date | 2019-08-14 |
| 1y Target Est | 53.65 |
- Simply Wall St.
Read This Before Selling Enbridge Inc. (TSE:ENB) Shares
We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly...
- Reuters
Enbridge urges Canadian regulator to avoid intervening in pipeline plan
Enbridge Inc called on Canada's energy regulator on Wednesday to ignore calls from some of its shippers and avoid intervening in the pipeline company's contentious proposal to revamp contracts on its Mainline network. The written submission to the Canada Energy Regulator (CER) is the latest salvo in a dispute between Calgary-based Enbridge and some of Canada's biggest oil companies over the future of the Mainline network. It currently allocates capacity according to monthly nominations from shippers, and Enbridge is proposing to switch to long-term fixed-volume contracts on 90% of the pipeline.
- Reuters
Enbridge investors cheer Mainline overhaul despite Canadian producer protests
CALGARY, Alberta/WINNIPEG, Manitoba (Reuters) - Enbridge Inc's plan to overhaul contracts on its Mainline pipeline system has outraged many Canadian shippers but is cheered by investors who see monetizing existing infrastructure as a safer bet than trying to build new pipelines. The Mainline is North America's largest pipeline network, transporting nearly 3 million barrels per day, or 70%, of crude from western Canada to the U.S. Midwest. Many shippers opposed say Enbridge is abusing its market power and the changes will hurt Canadian producers by imposing unfair terms and tolls.
- Motley Fool
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- CNW Group
Enbridge provides update on Canadian Mainline open season process
CALGARY , Sept. 5, 2019 /CNW/ - Enbridge Inc. (ENB) (ENB) (Enbridge or the Company) provided an update today on the Canadian Mainline open season regulatory process. On August 2, 2019 , Enbridge commenced an open season, offering firm capacity on its crude oil Mainline system, effective upon expiry of the Competitive Toll Settlement that is in place until July 1, 2021 . The open season is the first stage of Enbridge determining whether there is sufficient commercial interest for its offering to provide priority access on the Mainline for terms of 8 – 20 years.
- Reuters
Dozens of Enbridge oil shippers wade into dispute over proposed pipeline overhaul
More than two dozen oil companies wrote to Canada's energy regulator on Thursday to support or oppose it intervening in Enbridge Inc's contentious proposal to overhaul shipping contracts on the Mainline pipeline network. The Mainline is North America's largest pipeline system, shipping around 3 million barrels per day of crude from western Canada to the U.S. Midwest. Enbridge currently allocates capacity based on monthly nominations from shippers, but is proposing to switch to long-term fixed-volume contracts.
- CNW Group
Enbridge Reaches Agreement with Shippers to Place the Line 3 Replacement Pipeline into Service in Canada
CALGARY , Aug. 30, 2019 /CNW/ - Enbridge Inc. (ENB) (ENB) (Enbridge or the Company) today announced that it has reached a commercial agreement with shippers to place the Canadian portion of the Line 3 replacement pipeline into service by the end of this year. Enbridge will be filing a tariff with the Canada Energy Regulator for a temporary surcharge with a proposed effective date of December 1, 2019 . Forward-looking information, or forward-looking statements, have been included or incorporated by reference in this news release to provide information about Enbridge Inc. ("Enbridge" or the "Company") and its subsidiaries and affiliates, including management's assessment of Enbridge and its subsidiaries' and affiliates' future plans and operations.
- Bloomberg
Oil Rally Peters Out as Demand Concerns Counter Inventory Draws
(Bloomberg) -- Oil rose to a one-week high on signs that OPEC supply cuts are draining U.S. oil inventories, before running out of steam amid ongoing concerns that trade disputes will curb demand growth.Futures in New York advanced as much as 3.3% just after the Energy Information Administration on Wednesday reported a 10 million-barrel crude draw, in line with an earlier estimate by the industry-funded American Petroleum Institute. Prices shed about half those gains after follow-through buying failed to materialize and investors turned their attention back to broader trade concerns.“The market is still very concerned about the tariffs and trade wars” and their effect on oil demand, said Andy Lipow, president of Lipow Oil Associates LLC. Investors aren’t just grappling with President Donald Trump’s trade fracas with Beijing but also a growing row between South Korea and Japan, which could potentially mar oil demand, he said.Asia isn’t the only area where trade disputes are dragging out uncertainties in oil consumption. In Europe, the U.K. is still in the throes of coming up with a Brexit agreement. “Being unable to come up with a deal on Brexit efficiently could slow down trade. And that would affect oil demand,” said Vikas Dwivedi, a global oil and gas economist at Macquarie Capital USA Inc. in Houston.West Texas Intermediate crude for October delivery settled 85 cents higher at $55.78 a barrel, after touching $56.75.Brent for October settled up 98 cents at $60.49 a barrel on the ICE Futures Europe Exchange, after earlier touching $61. The global benchmark traded at a premium of $4.71 a barrel to its U.S. counterpart.Still, one thing the market has to watch out for in the coming weeks is U.S. production. Today’s record weekly volume at 12.5 million barrels a day, as it accumulates, will drag on prices, said Dwivedi.“The draws can come and go and fade off seasonally because of refinery turnarounds and demand softness,” he said. “But the supply, if the growth is as fast as today’s numbers, it could keep being a worry for several months.”\--With assistance from Grant Smith.To contact the reporter on this story: Sheela Tobben in New York at vtobben@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.
- GuruFocus.com
Mawer Canadian Equity Fund Buys 2 Stocks in 2nd Quarter
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- Bloomberg
Enbridge Oil-Shipping Revamp Hits Snag as Regulator Steps In
(Bloomberg) -- Enbridge Inc.’s proposed shift to long-term crude shipping contracts on its Mainline pipeline network is drawing the ire of a growing number of producers, and now Canada’s energy regulator is getting involved, which could delay the process.After ConocoPhillips and Canadian Natural Resources Ltd. became the latest companies to object to Enbridge’s search for long-term shipping commitments, the regulator on Tuesday asked all involved to present their views. It’s asking for arguments on whether the so-called open season should be delayed until the new system has been approved by the regulator. Enbridge has argued that it needs the commitments before it seeks approval.The tussle is just the latest outcome of a pipeline bottleneck that’s dogging the Canadian oil industry as producers await major projects like Keystone XL and the Trans Mountain expansion to be built. With a dearth of options, producers fear a shift from the current monthly sign-up system will leave them less room to maneuver.Enbridge says that long-term contracts, which would only apply to Canadian segments of the system, would be the best way to balance the needs of all shippers. The change could also lend an advantage to some of the largest refiners in the U.S. Midwest, such as BP Plc and Exxon Mobil Corp., who source crude on the Mainline, according to Mike Walls, an analyst at Genscape Inc.“Producers are concerned that if a relative few large refiners in the U.S. control a large portion of the Mainline space, their access to customers will be limited as well as their ability to get to more diverse markets like the Gulf Coast,” Walls said in an email. “They would have less spot capacity and in the end would have to sell to the owners of the committed capacity.”Exxon declined to comment. BP didn’t immediately respond to a request for comment.Enbridge wants to reserve as much as 90% of space on the Mainline to companies with multiyear contracts, charging them whether they ship oil on the line or not. The 2.8 million barrel-a-day Mainline has seen heavy rationing as surging production has run into nationwide pipeline bottlenecks. Enbridge aims to start sending contracted volumes down the line in 2021.“The offering that we’ve got in that open season is responding to the needs of our customers and is supported by shippers representing the majority of the volume on our system,” Guy Jarvis, Enbridge’s executive vice president for liquids pipelines, said by phone. In his objection Tuesday, Canadian Natural President Tim McKay argued that the plan disadvantages non-integrated producers in favor of “shippers who can supply their own downstream” facilities.Separately, ConocoPhillips Canada President Kirk Johnson said the plan creates uncertainty for companies with contracts to ship on connecting pipelines such as the Flanagan South system that runs from Illinois to Oklahoma. The plan already has drawn objections from Suncor Energy Inc., Canada’s largest integrated energy producer, as well as oil-sands driller MEG Energy Corp. and the Explorers & Producers Association of Canada, which represents small- and medium-sized producers.To contact the reporters on this story: Robert Tuttle in Calgary at rtuttle@bloomberg.net;Kevin Orland in Calgary at korland@bloomberg.netTo contact the editors responsible for this story: David Marino at dmarino4@bloomberg.net, Carlos Caminada, Simon CaseyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Reuters
UPDATE 2-Canada's energy regulator to consider delay to Enbridge pipeline plan
Canada's energy regulator on Tuesday responded to shipper complaints about Enbridge Inc's plan to switch to fixed contracts on its Mainline pipeline network by announcing a fast-track process to gather comment on the proposal that could lead to its being delayed. The unusual move from the Canadian Energy Regulator (CER), which was until this week known as the National Energy Board (NEB), comes after a slew of letters from companies including Canadian Natural Resources Ltd and Suncor Energy asking the regulator to intervene. Enbridge is proposing to switch to long-term, fixed-volume contracts on 90% of the Mainline, which is North America's largest oil pipeline network and ships the bulk of Canadian crude exports to the United States.
- Simply Wall St.
What Kind Of Investor Owns Most Of Enbridge Inc. (TSE:ENB)?
Every investor in Enbridge Inc. (TSE:ENB) should be aware of the most powerful shareholder groups. Generally speaking...
- Reuters
UPDATE 1-Suncor and Shell urge Canadian regulator to review contentious Enbridge pipeline plan
Two major oil companies have asked Canada's energy regulator to urgently review Enbridge Inc's proposal to switch to fixed contracts on its Mainline pipeline system, arguing the changes would be an abuse of Enbridge's market power. Suncor Energy Inc, Canada's second-largest oil producer, and Shell Canada Ltd, a unit of Royal Dutch Shell PLC wrote to the National Energy Board (NEB) on Friday opposing Enbridge's plans.
- Reuters
Suncor and Shell urge Canadian regulator to review contentious Enbridge pipeline plan
Two major oil companies have asked Canada's energy regulator to urgently review Enbridge Inc's proposal to switch to fixed contracts on its Mainline pipeline system, arguing the changes would be an abuse of Enbridge's market power. Suncor Energy Inc, Canada's second-largest oil producer, and Shell Canada Ltd, a unit of Royal Dutch Shell PLC wrote to the National Energy Board (NEB) on Friday opposing Enbridge's plans.
- Motley Fool
Better Buy: Enbridge vs. Enterprise Products Partners
Between two of the biggest names in the midstream space, which comes out on top?
- 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.
