|Bid||41.80 x 1100|
|Ask||41.81 x 4000|
|Day's Range||41.45 - 42.08|
|52 Week Range||32.23 - 43.15|
|Beta (5Y Monthly)||1.05|
|PE Ratio (TTM)||57.67|
|Forward Dividend & Yield||2.44 (5.85%)|
|Ex-Dividend Date||Feb 12, 2020|
|1y Target Est||N/A|
NextDecade Corporation (NextDecade) (NASDAQ: NEXT) and Enbridge Inc. (Enbridge) (TSX: ENB) (NYSE: ENB) announced today that they have entered into a definitive agreement whereby Enbridge will acquire Rio Bravo Pipeline Company, LLC (RBPL) from NextDecade for a cash purchase price not to exceed $25 million, with $15 million paid at closing and the balance paid upon NextDecade's reaching a positive final investment decision (FID) on its Rio Grande LNG export facility in the Port of Brownsville, Texas.
Seaway Crude Pipeline Company LLC ("Seaway") today announced an extension of a binding open season currently under way for committed service on expansion capacity of its system originating in Cushing, Oklahoma and extending to the Texas Gulf Coast. The open season, which began December 16, 2019 with the intent to close on February 14, 2020, is being extended to allow interested shippers to complete internal review processes. Seaway is also considering shipper feedback on the open season terms and may adapt the terms to allow for the inclusion of additional crude types, among other modifications. Seaway will promptly inform all interested shippers with open season documents of any changes, as well as provide notice 30 days prior to the new close.
CALGARY and DULUTH, MN , Feb. 3, 2020 /CNW/ - Enbridge Inc. (ENB) (ENB) said it is pleased with today's ruling by the Minnesota Public Utilities Commission (MPUC) that the Line 3 Replacement Project (L3RP)'s second revised Final Environmental Impact Statement (FEIS) is adequate. "After nearly five years of community engagement, environmental review, regulatory and legal review, it's good to see the Line 3 Replacement Project move forward," said Vern Yu , Executive Vice President, Liquids Pipelines. Enbridge will continue to work with the State and Federal permitting agencies to finalize the permits required to start construction.
CALGARY , Jan. 31, 2020 /CNW/ - Enbridge Inc. (ENB) (ENB) (Enbridge or the Company) announced today that it does not intend to exercise its right to redeem its currently outstanding Cumulative Redeemable Preference Shares, Series 11 (Series 11 Shares) (ENB-PF-C.TO) on March 1, 2020 . As a result, subject to certain conditions, the holders of the Series 11 Shares have the right to convert all or part of their Series 11 Shares on a one-for-one basis into Cumulative Redeemable Preference Shares, Series 12 of Enbridge (Series 12 Shares) on March 1, 2020 . The foregoing conversion right is subject to the conditions that: (i) if Enbridge determines that there would be less than 1,000,000 Series 11 Shares outstanding after March 1, 2020 , then all remaining Series 11 Shares will automatically be converted into Series 12 Shares on a one-for-one basis on March 1, 2020 ; and (ii) alternatively, if Enbridge determines that there would be less than 1,000,000 Series 12 Shares outstanding after March 1, 2020 , no Series 11 Shares will be converted into Series 12 Shares.
Enbridge Inc. to Host Webcast to Discuss 2019 Fourth Quarter and Full-Year Results on February 14
Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge) today announced the closing of the agreement through which Enbridge has sold a number of federally-regulated natural gas gathering and processing assets in British Columbia ("G&P; Business") to Brookfield Infrastructure (NYSE: BIP) (TSX: BIP.UN) and its institutional partners (collectively, "Brookfield"). These federally-regulated assets represent the second phase of the $4.3 B transaction, previously announced on July 4, 2018.
Enbridge Inc. (TSX, NYSE: ENB) (Enbridge or the Company) announced today a correction to its press release issued on December 10, 2019 in respect of the dividend amount declared on its Preference Shares, Series 9 only. In the press release, the dividend amount payable March 1, 2020 to shareholders of record on February 14, 2020 was misstated as $0.26926. The correct amount is $0.25606.
Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge or the Company) submitted today an application to the Canada Energy Regulator (CER) to implement contracting on the company's Mainline pipeline system.