31.94 -0.01 (-0.03%)
After hours: 7:09PM EST
|Bid||31.51 x 3100|
|Ask||31.94 x 1000|
|Day's Range||31.90 - 32.40|
|52 Week Range||29.00 - 41.21|
|Beta (3Y Monthly)||0.31|
|PE Ratio (TTM)||44.01|
|Forward Dividend & Yield||2.02 (6.32%)|
|1y Target Est||45.03|
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).
Canada's largest pipeline operator Enbridge Inc said on Tuesday it was working on alternatives to ease the ongoing pipeline capacity shortage in the country and is in talks with shippers for a new agreement for its Mainline system. 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.
CALGARY , Dec. 11, 2018 /PRNewswire/ - Enbridge Inc. (TSX, NYSE: ENB) (Enbridge or the Company) announced today that its Board of Directors has declared a quarterly dividend of $0.73800 per common share, ...
CALGARY , Dec. 11, 2018 /CNW/ - Enbridge Inc. (Enbridge or the Company) (ENB.TO)(ENB) today announced an update to its strategic plan and longer range financial outlook. The following summarizes the key elements of the updated plan and related actions, which will be further discussed at the Company's investor conference today in New York . A 10% increase in the Company's common share dividend to $2.95 annually, effective the first quarter of 2019.
CALGARY, Dec. 11, 2018 /PRNewswire/ - Enbridge Inc. (Enbridge or the Company) (ENB.TO)(ENB) today announced an update to its strategic plan and longer range financial outlook. The following summarizes the key elements of the updated plan and related actions, which will be further discussed at the Company's investor conference today in New York. A 10% increase in the Company's common share dividend to $2.95 annually, effective the first quarter of 2019.
The largest Insider Buys this week were for Enbridge Inc., Keurig Dr Pepper Inc., DISH Network Corp. and Mohawk Industries Inc.
Enbridge Inc. and Enbridge Income Fund Announce Fund Noteholder Approval to Exchange Certain Enbridge Income Fund Medium Term Notes for Newly-Issued Enbridge Inc. Medium Term Notes
CALGARY, Dec. 7, 2018 /PRNewswire/ - Enbridge Inc. (ENB.TO) (ENB) (Enbridge or the Company) and Enbridge Income Fund (the Fund) today announced that holders (Fund Noteholders) of certain series of the Fund's outstanding medium term notes (Fund Notes) representing greater than 66 2/3% of the principal amount of the outstanding Fund Notes, voting together as a single class, delivered valid consents and proxies voting FOR the transaction to exchange the Fund Notes for an equal principal amount of newly issued medium term notes of Enbridge, having financial terms that are the same as the financial terms of the Fund Notes (the Note Exchange Transaction).
HOUSTON, TX, Dec. 6, 2018 /PRNewswire/ - Spectra Energy Partners, LP (SEP) (SEP) today announced that the period for unitholders of SEP to return their written consents with respect to the merger (the Merger) of SEP and a wholly owned subsidiary of Enbridge Inc. (ENB.TO) (ENB) (Enbridge) will expire on December 12, 2018. The Merger will be effected pursuant to an Agreement and Plan of Merger dated as of August 24, 2018 (the Merger Agreement) and will result in Enbridge (through a wholly owned subsidiary) acquiring all of the outstanding public common units of SEP and SEP becoming an indirect, wholly owned subsidiary of Enbridge.
NEW YORK, Dec. 06, 2018 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.