|Bid||42.01 x 800|
|Ask||42.02 x 2900|
|Day's Range||41.46 - 42.06|
|52 Week Range||32.23 - 43.15|
|Beta (5Y Monthly)||1.05|
|PE Ratio (TTM)||57.91|
|Forward Dividend & Yield||2.44 (5.85%)|
|Ex-Dividend Date||Feb 12, 2020|
|1y Target Est||N/A|
Linde's (LIN) Q4 earnings beat projections, Enbridge Inc. (ENB) missed the Zacks Consensus Estimate, while TC Energy (TRP) reported in-line EPS.
As you might know, Enbridge Inc. (TSE:ENB) recently reported its full-year numbers. Revenues of CA$50b were in line...
In September 2019, the companies announced a memorandum of understanding to jointly pursue the development of the pipeline, but now Enbridge will take it on in its entirety.
TC Energy's (TRP) board of directors clears an 8% hike in its first-quarter 2020 dividend to 81 Canadian cents per share (or C$3.24 cents annually).
Canada's main stock index fell on Thursday for the first time in four sessions after a sharp jump in new coronavirus cases in China rattled investors worldwide and planemaker Bombardier slid on reporting a quarterly loss. * At 09:38 a.m. ET (14:38 GMT), the Toronto Stock Exchange's S&P/TSX composite index was down 36.09 points, or 0.2%, at 17,796.76. * A dramatic jump in new infected cases in China after it deployed a new diagnostic method and a record rise in the death toll, wiped any optimism of a slowing spread rate that had propelled Canada's benchmark to new highs for the last two sessions.
Houston-based Seaway Crude Pipeline Co. — a joint venture between Enterprise Products Partners LP (NYSE: EPD) and Enbridge Inc. (NYSE: ENB), based in Houston and Calgary, respectively — has extended the period in which it will seek commercial support for a capacity expansion. The company is looking for customers to fill space on a 200,000-barrel-per-day capacity expansion project from Cushing, Oklahoma, to the Texas Gulf Coast region, according to a press release. If the company moves forward on the project, the first 100,000 barrels per day of new capacity would come online in the second half of 2020, with the full expansion in service in 2022.
Readers hoping to buy Enbridge Inc. (TSE:ENB) for its dividend will need to make their move shortly, as the stock is...
Enbridge (ENB) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Canada's main stock index fell on Friday, led by declines in energy stocks, with investors also shrugging off a strong jobs report as a mounting death toll from the coronavirus epidemic hurt sentiment. * The death toll in mainland China reached 637 on Friday, with a total of 31,211 cases, WHO chief Tedros Adhanom Ghebreyesus said in Geneva. * At 10:04 a.m. ET (1504 GMT), the Toronto Stock Exchange's S&P/TSX composite index was down 72.9 points, or 0.41%, at 17,684.59.
(Bloomberg) -- Pipeline and midstream energy companies may be about to join the sustainable investment trend.The sector has often been a target of environmental opposition, but their “impressive” safety track records and relatively low environmental footprints could make them a focus for investors who favor environmental, social and governance factors, according to National Bank of Canada.Enbridge Inc. and TC Energy Corp. topped National Bank’s pipeline-ESG ranking, with Inter Pipeline Ltd garnering a positive mention. Compared to power and utility companies, the group has to do a lot of work to develop sustainability reports and targets but that provides an attractive entry point, according to National Bank.“As more companies comply with globally recognized environmental reporting standards and establish attractive ESG goals, we anticipate increased fund flows from sustainability investors,” National Bank analyst Patrick Kenny said in a note to clients this week, predicting the group can close its valuation gap versus utilities.Shares of pipeline and midstream companies haven’t needed a lending hand this year with Enbridge, Pembina Pipeline Corp., and TC Energy leading the Canadian energy index with gains of over 5%. Low interest rates and their defensive nature amid roiling markets have been support while oil producers have dropped alongside the commodity.Indigenous RelationshipsPipeline companies are no strangers to environmental controversy. TC Energy’s Keystone XL line and the Trans Mountain project, now owned by the Canadian government, have both faced numerous delays by those opposed to them as conduits for output from Alberta’s oil sands.Oil spills remain a concern, but the pipeline companies on National Bank’s coverage list have delivered 99.99% of volumes without a spill, Kenny said. Social and governance standards can be increased through areas such as indigenous relationships and board oversight, respectively, he said.Meanwhile in the U.S. market, a similar theme was echoed at Credit Suisse, where most of the midstream names that have been picked up by ESG ETFs have published sustainability reports, the bank said.“Screening well on ESG metrics can attract new investors and provide ‘sticky ownership’ which could drive higher stock valuation,” Credit Suisse analyst Spiro Dounis told clients in a note last month. One of BlackRock’s ESG ETF’s, the iShares ESG MSCI USA Leaders ETF, has pipeline holdings including Kinder Morgan Inc. and Williams Cos.To contact the reporter on this story: Michael Bellusci in Toronto at email@example.comTo contact the editors responsible for this story: Jacqueline Thorpe at firstname.lastname@example.org, ;Brad Olesen at email@example.com, Divya BaljiFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Enbridge Inc's Line 3 pipeline replacement cleared important hurdles on Monday when a Minnesota regulator endorsed a revised environmental impact statement for the project. The Minnesota Public Utilities Commission's decision, followed by its approval of a certificate of need and route permit, is a victory for Canadian oil producers, who have been forced to curtail production in Alberta because of a shortage of pipeline capacity. Enbridge shares jumped 1.5%, hitting their highest level since May 2017.
TOTAL (TOT) is set to release fourth-quarter earnings on Feb 6. Its startups, LNG initiatives and cost management are likely to have had a positive impact on earnings.
PennEast Pipeline Co LLC said Friday it asked federal energy regulators for permission to build the Pennsylvania part of its proposed natural gas pipeline first due to difficulty in gaining approvals in New Jersey. The company said in a filing with the U.S. Federal Energy Regulatory Commission (FERC) that it expects to be able to complete the Pennsylvania section of the pipe by November 2021. As for New Jersey, the company said it was targeting completion of the second phase of the project from Pennsylvania into New Jersey in 2023.