|Bid||0.00 x 900|
|Ask||0.00 x 1000|
|Day's Range||31.82 - 32.87|
|52 Week Range||29.00 - 42.31|
|PE Ratio (TTM)||24.89|
|Forward Dividend & Yield||2.09 (6.31%)|
|1y Target Est||45.03|
While several MLP's have been purchased by their corporate sponsors, analysts say it's rare to see an all-stock, no premium deal.
In a bid to simplify their corporate structure, amid FERC tax overhaul, three leading energy companies announce merger deals to snap up the remaining stake of their midstream subsidiaries.
Enbridge Inc (TSX:ENB) is trading with a trailing P/E of 29.8x, which is higher than the industry average of 19.5x. While ENB might seem like a stock to avoid orRead More...
CALGARY , May 18, 2018 /CNW/ - Enbridge Income Fund Holdings Inc. (ENF.TO) (the Company) announced that it has received a non-binding offer from Enbridge Inc. (Enbridge) (TSX, NYSE: ENB) to acquire all of the outstanding common shares of the Company not currently owned by Enbridge. The board of directors of the Company (the Board) has established a special committee of independent directors to review and consider the proposal. The proposed transaction is subject to conditions, including the review and favorable recommendation by the special committee, approvals by the Board and the Enbridge board of directors, approvals by the shareholders of the Company and the negotiation of a definitive agreement.
Justin Trudeau’s pipeline nightmare may be only getting started. As Kinder Morgan Inc. drives a hard bargain in Canada’s attempt to save the Houston-based company’s embattled Trans Mountain project, the prime minister could end up fighting for an asset that hardly anybody wants. Pipeline giant Enbridge Inc., for one, signaled it doesn’t.
Williams said it would buy all common units of its master limited partnership (MLP) Williams Partners (WPZ.N) in a deal valued at $10.5 billion. Enbridge said it would buy its independent units including Spectra Energy Partners (SEP.N) and Enbridge Energy Partners (EEP.N) as well as its pipeline assets and bring then under a single listed entity for C$11.4 billion ($8.94 billion).
Two deals involving seven entities will further the pipeline sector's streamlining wave -- and hint at more to come.
Two of North America’s biggest pipeline companies announced plans to repurchase subsidiaries as the industry seeks to curb future tax obligations in the face of a federal overhaul. Williams Cos. is buying the remaining stake in Williams Partners in a $10.5 billion all-stock deal, it said Thursday. Enbridge Inc. earlier said it made all-share proposals to the boards of its units to acquire all outstanding securities.
Enbridge Announces Simplification of Corporate Structure with Proposals to Acquire All of the Outstanding Sponsored Vehicle Equity Securities
Pipeline operator Enbridge Inc says it will bring its independent units and liquids and gas pipeline assets under a single listed entity as part of a move to streamline its corporate structure.
The past few days witnessed strong earnings reports from some of the most watched energy companies including Occidental Petroleum (OXY), Cheniere Energy (LNG) and Petrobras (PBR).
The company that operates twin oil pipelines in the Straits of Mackinac says one of the lines suspected of being struck by a tugboat anchor was dented more than three-fourths of an inch. Enbridge Inc. official Peter Holran told the Michigan Pipeline Advisory Board in Lansing Monday about the April 1 damage to the pipelines running between Lake Michigan and Lake Huron. Company spokesman Ryan Duffy says each pipeline is about 20 inches in diameter with walls nearly an inch thick — but the thickness of the walls did not decrease.
Shares of Spectra Energy Partners LP (NYSE:SEP) will begin trading ex-dividend in 3 days. To qualify for the dividend check of $0.75 per share, investors must have owned the sharesRead More...
ONEOK (OKE) stock saw quite a few price target raises on May 3 after its 1Q18 earnings release on May 1: Citigroup, from $64 to $67 Stifel, from $61 to $62 Guggenheim, from $62 to $68 RBC, from $70 to $72 Deutsche Bank, from $62 to $65
Rough seas are delaying construction of the final section of the Valley Crossing Pipeline, a project to move natural gas from the Eagle Ford Shale to customers in Mexico.
LONDON, UK / ACCESSWIRE / May 11, 2018 / If you want access to our free research report on Enbridge Inc. (ENB), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=ENB as the Company's latest news hit the wire. The Company announced the sale of its US Midstream Businesses and divestment of 49% interest in select renewable power assets on May 09, 2018. The Company planned to raise US$1.120 billion and C$1.75 billion respectively from the two transactions which it then plans to utilize to pay off its debts.
* The Toronto Stock Exchange's S&P/TSX rose 48.69 points, or 0.31 percent, to 15,959.50. * The biggest contributor to the TSX gain was Enbridge, up 1.9 percent, to add 9.45 net index points after the pipeline ...
The oil and gas pipeline operator reported that on an adjusted basis it made C$1.38 billion, or 82 Canadian cents a share, in its first quarter, handily topping analysts’ forecasts. Total operating revenue ...
Enbridge Inc may sell more assets than expected this year, seeing strong interest from potential buyers after achieving a goal this week for 2018 divestitures. Enbridge has been under pressure to reduce leverage, one of the factors that has weighed on its share price. Selling assets would also help the company become a pure pipeline utility.