|Bid||0.00 x 1400|
|Ask||35.62 x 1400|
|Day's Range||35.46 - 35.86|
|52 Week Range||28.82 - 38.04|
|Beta (3Y Monthly)||0.50|
|PE Ratio (TTM)||49.06|
|Forward Dividend & Yield||2.21 (6.15%)|
|1y Target Est||N/A|
Russell 2000 ETF (IWM) lagged the larger S&P 500 ETF (SPY) by more than 10 percentage points since the end of the third quarter of 2018 as investors first worried over the possible ramifications of rising interest rates and the escalation of the trade war with China. The hedge funds and institutional investors we track […]
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.
The Minnesota Department of Commerce needs to submit a revised environmental impact statement that includes the potential impact of an oil spill into Lake Superior watershed for Enbridge Inc's Line 3 pipeline replacement project, a Minnesota regulator said on Tuesday. The order from the Minnesota Public Utilities Commission comes as the Canadian pipeline operator struggles with delays amid ongoing disputes with regulators. The Minnesota Department of Commerce has 60 days to submit its revised EIS.
The order from the Minnesota Public Utilities Commission comes as the Canadian pipeline operator struggles with delays amid ongoing disputes with regulators. The Minnesota Department of Commerce has 60 days to submit its revised EIS.
The Minnesota Department of Commerce (DOC) needs to submit a revised environmental impact statement that includes the potential impact of an oil spill into Lake Superior watershed for Enbridge Inc's Line 3 pipeline replacement project, a Minnesota regulator said on Tuesday. The Minnesota Public Utilities Commission was ordered to revise Enbridge's EIS for the Line 3 project in June after a court determined the previous assessment was inadequate.
Investors may wish to note that an insider of Enbridge Inc., Bradley Shamla, recently netted CA$120k from selling...
Regulators halted Enbridge Inc.'s plan to convert Canada's largest crude pipeline network to contract service, handing a win to oil producers who had argued the change was unfair.
Major producers in Canada, including Suncor Energy, have been protesting Enbridge's plans to switch to longer-term contracts from monthly agreements. In a highly unusual decision, the regulator agreed, saying Enbridge will not be allowed to offer contracted space on the Mainline to shippers until the regulator approves of the terms.
The newest numbers showed that daily crude output remained above one million barrels for the 30th month, further confirming North Dakota as one of the hottest shale plays in the United States.
Canadian company Enbridge Inc said on Tuesday it had received a permit from the U.S. Army Corps of Engineers to install 54 steel supports along its underwater Line 5 pipeline in Michigan's Straits of Mackinac. Line 5 ships 540,000 barrels per day of light crude oil and propane and is a critical part of Enbridge's Mainline network, which delivers the bulk of Canadian crude exports to the United States. The state of Michigan is suing Enbridge in a bid to have the underwater portion of Line 5 shut down and decommissioned and has rejected Enbridge's suggestion that it build a tunnel under the Straits to house the pipeline.
Enbridge (ENB) is set to build the 135.5-mile Rio Bravo Pipeline with a transportation capacity of 4.5 billion cubic feet of natural gas per day.
(Bloomberg) -- Enbridge Inc.’s Line 3 oil pipeline replacement and expansion project won’t face a challenge in front of the Minnesota Supreme Court from groups opposing it, removing one potential roadblock for the already-delayed proposal.The court on Tuesday denied a petition for further review from the non-profit group Honor the Earth and the Mille Lacs Band of Ojibwe, who had been seeking to challenge the project’s approval by state regulators. The court also denied a similar request from Friends of the Headwaters.The decision removes one possible obstacle for Line 3’s replacement and expansion, a key project for Canadian crude producers suffering from a lack of pipeline capacity. The proposal already had been set back by a year because of permitting issues, a delay that ultimately prompted the Canadian production hub of Alberta to extend its mandatory output cuts for a year to prevent a glut of oil from overwhelming the province.Enbridge said the ruling will allow the Minnesota Public Utilities Commission to start addressing a deficiency that was found in the project’s environmental review, and the company is confident the regulator will soon provide guidance on the next steps in that process.“Having clarity on the remaining process and schedule will allow us to start making real commitments with contractors, labor and other partners in local Minnesota communities who are eager to see the economic impacts,” Todd Nogier, an Enbridge spokesman, said in an emailed statement.The roughly C$9 billion ($6.7 billion) Line 3 project would add 370,000 barrels of daily shipping capacity along a 1,031-mile route from the Alberta oil hub of Hardisty to Superior, Wisconsin.Enbridge shares rose 0.1% to C$46.68 at 2:44 p.m. in Toronto. Shares of the Calgary-based company had risen almost 10% this year through Monday.\--With assistance from Andrew Harris, Rachel Adams-Heard and Joshua Fineman.To contact the reporter on this story: Kevin Orland in Calgary at email@example.comTo contact the editors responsible for this story: Simon Casey at firstname.lastname@example.org, Christine BuurmaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
The Minnesota Supreme Court declined on Tuesday to hear environmental and tribal challenges to Enbridge Inc's Line 3 oil pipeline, a decision that removes one potential obstacle for the already-delayed project. The ruling means the Minnesota Public Utilities Commission (MPUC), the state regulator that approved the Line 3 project last year, will not have to consider additional environmental issues. Line 3 is part of Enbridge's Mainline network that transports western Canadian oil to Midwest refineries.
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.