ENB - Enbridge Inc.
| Previous Close | 36.29 |
| Open | 36.15 |
| Bid | 35.80 x 800 |
| Ask | 36.63 x 3200 |
| Day's Range | 35.82 - 36.23 |
| 52 Week Range | 28.82 - 38.04 |
| Volume | 1,412,826 |
| Avg. Volume | 3,182,812 |
| Market Cap | 72.379B |
| Beta (3Y Monthly) | 0.48 |
| PE Ratio (TTM) | 49.35 |
| EPS (TTM) | N/A |
| Earnings Date | N/A |
| Forward Dividend & Yield | 2.18 (6.01%) |
| Ex-Dividend Date | 2019-05-14 |
| 1y Target Est | N/A |
- Zacks•11 hours ago
Enbridge (ENB) Dips More Than Broader Markets: What You Should Know
Enbridge (ENB) closed the most recent trading day at $35.83, moving -1.27% from the previous trading session.
- Zacks•19 hours ago
Can Onshore/Offshore Unit Aid TechnipFMC (FTI) Q2 Earnings?
Higher revenues and EBITDA from TechnipFMC's (FTI) Onshore/Offshore segment are expected to drive earnings in the second quarter of 2019.
- Zacks•2 days ago
North Dakota Oil Production Holds Stable Near Record Mark
The newest numbers showed that daily crude output remained above one million barrels for the 28th month, further confirming North Dakota as one of the hottest shale plays in the United States.
- Reuters•3 days ago
Enbridge delays open season for bids on Mainline oil pipeline system: sources
NEW YORK/CALGARY, Alberta (Reuters) - Enbridge Inc has delayed the start of an open season to solicit bids for contracted space on its Mainline oil pipeline system, North America's largest oil-shipping network, three market sources told Reuters on Wednesday. Canadian pipeline company Enbridge plans to turn the Mainline system from a common carrier system in which shippers submit monthly bids for capacity, to one that is mostly contracted for up to two decades. The open season, a period in which shippers can submit bids for contracted space, was meant to start in mid-July and last for two months, Enbridge said previously.
- Zacks•3 days ago
Oil & Gas Pipeline Industry Outlook Bright on Growth Projects
Oil & Gas Pipeline Industry Outlook Bright on Growth Projects
- Motley Fool•3 days ago
Better Buy: Enbridge vs. Plains All American
A battle of high-yielding oil pipeline companies.
- Zacks•8 days ago
Enbridge (ENB) Stock Sinks As Market Gains: What You Should Know
Enbridge (ENB) closed at $36.51 in the latest trading session, marking a -1.03% move from the prior day.
- Moody's•9 days ago
Midcoast Energy, LLC -- Moody's assigns B2 CFR to Midcoast Energy; rates senior secured facility B2
Moody's Investors Service ("Moody's") assigned first time ratings to Midcoast Energy, LLC (Midcoast), including a B2 Corporate Family Rating (CFR), B2-PD Probability of Default Rating (PDR), and B2 on the senior secured credit facility, comprising its $100 million revolver due August 2023 and $650 million term loan B due August 2025. The outlook is stable.
- Bloomberg•9 days ago
Top High-Yield Manager Sees Rally Enduring in Low-Inflation Era
(Bloomberg) -- The rally in risky corporate debt is far from over, according to the manager of the world’s best-performing high-yield bond fund.Nicholas Leach sees a tech-driven world that’s put a “mobile price-discovery device” in every pocket keeping inflation low. As a result, global monetary policy will stay loose, according to the portfolio manager at CIBC Asset Management, the C$134 billion ($102 billion) investing arm of Canadian Imperial Bank of Commerce.“Central banks are pushing investors into corporates worldwide,” said Leach, whose Renaissance High Yield Bond Fund at CIBC has returned 14% this year, the most among 68 global peers, according to data compiled by Bloomberg. “There will be an even stronger bid for corporates as global sovereign bonds sink further into negative yields.”Leach’s call for further gains comes after a blistering first-half for bonds amid bets the Federal Reserve will cut interest rates for the first time in more than a decade. U.S. high-yield debt has returned just over 10% this year, compared with 6% for investment-grade sovereign and corporate bonds, according to the Bloomberg Barclays indexes. That helped lure $3 billion to the iShares iBoxx High Yield Corporate Bond ETF in June, a monthly record, pushing its assets to $18.7 billion as of Wednesday.The frenzy has prompted some managers to cut high-yield exposure, including Pilar Gomez-Bravo. The portfolio manager at MFS Investment sees similarities in current markets to the speculative mania that brought on the financial crisis. She’s betting the rally is on its last legs.But Toronto-based Leach, who started his career as a computer programmer, said low inflation will keep the rally going.“Every single person now, including kids, teenagers, are all walking around with a mobile price-discovery device and that’s one of the key reasons why inflation is staying low,” he said. “You can just go to YouTube and learn how to fix old things, you don’t need to buy new ones. Also, if you need something, you can just buy second hand.”Enbridge BetHis high yield fund is 85% allocated to U.S. companies and 15% to Canadian, in both local currency and U.S. dollars. He invests in roughly 125 names, focusing on companies that are positioned to survive a cycle, but allowing for small positions in several distressed names.One of his largest bets is Enbridge Inc.’s hybrid securities due 2077. While not technically high-yield, they are trading like it, a strategy he’s used to buy other debt including Ford Motor Co. and Seagate Technology Plc.Enbridge hybrid notes are convertible to shares in the event of a bankruptcy or insolvency. He likes the company for its stable business, strong recurring cash flow and C$97 billion market value.“I’m not worried about a restructuring with Enbridge,” said Leach. “That is just extremely remote, so I don’t really need to worry about whether I have unsecured or secured notes.”With C$63 billion in debt, Enbridge’s subordinated notes are rated one notch below investment grade at Moody’s Investors Service, which means that some institutional investors can’t hold it. That’s causing them to trade about 380 basis points above benchmark government bonds, in line with companies that are way further into junk, he said.Leach, who holds an economics degree, uses models supplemented with credit and equity market metrics to quantify credit risk on a more granular level than spreads, taking the human emotion out of the equation, he said. The second step is to then analyze this data to figure out where the “markets might have it wrong.”“While part of me is happy I’m not writing code anymore, it has helped me a lot in terms of building some of these algorithms for our quantitative models,” Leach said.\--With assistance from Shin Pei.To contact the reporter on this story: Paula Sambo in Toronto at psambo@bloomberg.netTo contact the editors responsible for this story: Nikolaj Gammeltoft at ngammeltoft@bloomberg.net, Jacqueline Thorpe, Christopher DeRezaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Reuters•10 days ago
Exclusive: Enbridge eases oil volume terms for Mainline pipeline in response to small producers' fears
Enbridge Inc has lowered oil-shipping requirements on its Mainline pipeline by nearly two-thirds, the company confirmed on Wednesday, a move likely to satisfy smaller producers that feared they would be elbowed out by the company's initial requirements. Enbridge now requires minimum volume commitments of 2,200 barrels per day (bpd), down from the 6,000 bpd commitment it previously sought, Enbridge spokesman Jesse Semko told Reuters. The company confirmed the change after sources said Enbridge had made the adjustment.
- Zacks•15 days ago
TC Energy (TRP) to Vend Columbia Midstream Group for $1.28B
The divestment of Columbia Midstream assets is likely to advance TC Energy's (TRP) efforts to offload non-core assets to raise funds for key growth projects across North America.
- Zacks•16 days ago
Can Enbridge (ENB) Keep the Earnings Surprise Streak Alive?
Enbridge (ENB) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
- Zacks•17 days ago
Enbridge Commences Open Season for Canada's Express Pipeline
Enbridge (ENB) believes that the shipper will appreciate Express Pipeline open season since the pipeline bottleneck problem prevents transportation of sufficient oil from Canada.
- Benzinga•18 days ago
Enbridge Analyst Sees Risks In Pipeline Projects, Downgrades Stock
Recent meetings with Enbridge Inc (NYSE: ENB ) management suggest heightened regulatory and project execution risks for the Line 3 (L3R) and Line 5 pipelines, according to Bank of America Merrill Lynch. ...
- Morningstar•19 days ago
Stock Market Outlook: Energy Compelling as Oil Ends Quarter Where It Began
Shares of U.S.- and Canadian-domiciled firms, which account for roughly half of our 1,500-plus global coverage, look slightly less attractive following the Morningstar U.S. Market Index's 3% climb in the second quarter to June 25.
- Zacks•22 days ago
Shell to Divest Alberta Gas Assets to Pieridae for C$190M
The acquisition of Alberta gas properties from Shell (RDS.A) is likely to allow Pieridae to use the output as Goldboro LNG feedstock.
- Oilprice.com•22 days ago
Is This The Beginning Of A New Oil Crisis In Canada?
Canada is struggling to push through the much-contested Trans Mountain Expansion, but in the meantime, the absolutely crucial Line 5 replacement is facing the risk of a permanent shutdown
- Zacks•23 days ago
Enbridge (ENB) Outpaces Stock Market Gains: What You Should Know
Enbridge (ENB) closed the most recent trading day at $35.54, moving +1.37% from the previous trading session.
- Motley Fool•28 days ago
Better Buy: Kinder Morgan Canada vs. Enbridge
The differences between Kinder Morgan Canada and Enbridge are even bigger than they seem when you look a little deeper.
- Motley Fool•last month
Better Buy: Enbridge vs. Kinder Morgan
The battle of the high-yielding energy infrastructure behemoths.
- Zacks•last month
Can North Dakota's Production Boom Survive Low Oil Prices?
As crude prices plunged in recent weeks, outlook for the drillers in North Dakota have darkened.
- Zacks•last month
MPLX Makes Final Investment Decision on Whistler Pipeline
To capitalize on the pipeline bottleneck in the Permian, MPLX has various pipeline projects underway, which are likely to poise the firm well for strong distributable cash flows in the future.
- Reuters•2 months ago
Minnesota court rules environmental assessment for Enbridge pipeline inadequate
CALGARY, Alberta/ WINNIPEG, Manitoba, June 3 (Reuters) - A Minnesota court ruled on Monday that Enbridge Inc's final environmental impact statement for its Line 3 replacement project is inadequate, raising the possibility the Canadian crude oil pipeline could face further delays. The Line 3 replacement project would ship 760,000 barrels per day of Canadian crude from Alberta to Wisconsin, doubling current capacity and providing much-needed relief from congestion on existing Canadian pipelines. It is the furthest advanced of three proposed pipeline expansions - along with the Canadian government-owned Trans Mountain and TC Energy Corp's Keystone XL - that would ease a glut of oil in Alberta.
