35.50 -0.17 (-0.48%)
After hours: 6:12PM EST
|Bid||35.50 x 3200|
|Ask||35.50 x 800|
|Day's Range||35.18 - 35.87|
|52 Week Range||28.82 - 39.86|
|Beta (3Y Monthly)||0.33|
|PE Ratio (TTM)||49.13|
|Forward Dividend & Yield||2.21 (6.38%)|
|1y Target Est||N/A|
North Dakota's daily crude production in October broke the previous all-time high set in September, while natural gas output and producing wells also hit records.
The Seaway Pipeline of Enterprise Products (EPD) is expected to post an increase in transportation capacity by 100,000 barrels per day.
A proposal to run an oil pipeline beneath a crucial section of the Great Lakes cleared its final hurdle Wednesday, gaining approval of a Michigan panel created a week earlier in a dash to complete the deal before Republican Gov. Rick Snyder leaves office. The three-member Mackinac Straits Corridor Authority unanimously backed an agreement between the state and Canadian pipeline company Enbridge to drill a tunnel through bedrock up to 100 feet (30.4 meters) below the more than 4-mile-wide (6.4 kilometer) channel that links Lakes Huron and Michigan. A new segment of pipeline would extend through the tunnel, replacing twin pipes that have lain along the lake bed since 1953.
A plan to build an oil pipeline tunnel beneath a channel linking Lakes Huron and Michigan has won final approval. One week after it was established, a Michigan panel approved an agreement between outgoing Republican Gov. Rick Snyder's administration and the Canadian pipeline company Enbridge.
During the fast-paced Lightning Round of Tuesday's Mad Money program, Jim Cramer was bullish on Enbridge Inc. Enbridge is an "energy infrastructure company with strategic business platforms that include an extensive network of crude oil, liquids and natural gas pipelines, regulated natural gas distribution utilities and renewable power generation." Sounds complicated so let's just look at the charts. In this daily bar chart of ENB, below, we can see that prices have weakened since the beginning of the year.
While there is much ambiguity relating to the Canadian oil industry as of now, the tide may turn for the country in the long term.
Wide-moat Enbridge ENB held its 2018 investor day and announced a 10% dividend increase, as expected. Many investors feared that Enbridge wouldn't be able to meet its targeted increase, but we feel comfortable that the company can make its payments with its distributable cash flow coverage of 1.65 times the dividend payments. Enbridge announced a 2019 outlook that included adjusted EBITDA of CAD 13 billion and distributable cash flow of CAD 8.9 billion.
TRAVERSE CITY, Mich. (AP) — Michigan Gov. Rick Snyder's administration said Thursday it had wrapped up negotiations with Enbridge Inc. on building a tunnel to contain an oil pipeline beneath a Great Lakes waterway.
Natural Resource Partners' (NRP) decision to monetize construction aggregates business segment is likely to lower the firm's debt-level and improve its liquidity position.
The Canadian energy infrastructure giant unveiled a bullish outlook for the next several years.
Moody's Investors Service ("Moody's") placed the ratings of Enbridge Inc. (ENB), including its Baa3 senior unsecured rating, under review for possible upgrade. The ratings of subsidiary Enbridge Energy Partners (EEP Baa3) and Enbridge Energy Limited Partnership (EELP Baa2) have also been placed on review for upgrade.
Calgary-based Enbridge said it can increase pipeline capacity by 50,000 to 100,000 bpd on a short-term basis by the end of the first half of 2019. Crude production in Canada is expanding faster than pipeline capacity, which has led to the Canadian crude benchmark Western Canada Select (WCS) trading at record lows compared to the U.S. benchmark West Texas Intermediate (WTI).