|Bid||34.54 x 1000|
|Ask||34.55 x 4000|
|Day's Range||34.10 - 34.61|
|52 Week Range||28.82 - 38.04|
|Beta (3Y Monthly)||0.57|
|PE Ratio (TTM)||47.49|
|Forward Dividend & Yield||2.19 (5.95%)|
|1y Target Est||45.03|
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.
CALGARY, June 5, 2019 /PRNewswire/ - Enbridge Inc. (ENB) (ENB) (Enbridge or the Company) today confirmed it is proceeding with preparations to advance its 2019 plan in support of constructing a tunnel to house the Straits of Mackinac crossing of the Company's Line 5 pipeline. As previously announced, Enbridge believes the tunnel can be under construction in 2021 and in service as soon as early 2024, assuming no delays in the permitting process. Enbridge has further committed that operation of the existing Straits Line 5 crossing would cease immediately following the placement into service of the replacement pipeline in the tunnel.
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.
Enbridge Inc. said Thursday it could have a proposed oil pipeline tunnel built and operating beneath a crucial Great Lakes channel by early 2024, responding to demands from Michigan officials to expedite the shutdown of existing twin pipelines. The Canadian company said it had sent Gov. Gretchen Whitmer a revised timeline for drilling the $500 million tunnel through bedrock beneath the Straits of Mackinac, the 4-mile-wide (6.4-kilometer-wide) channel linking Lakes Huron and Michigan. "Assuming we are able to move through the permitting process without delay, we believe the tunnel can be under construction in 2021 and in service as soon as early 2024," Enbridge said in a statement.
CALGARY, May 30, 2019 /PRNewswire/ - Enbridge Inc. (ENB) (ENB) (Enbridge or the Company) today addressed statements made yesterday by the Michigan Attorney General and Governor about our joint efforts with the State on the proposed construction of an underground tunnel that would ultimately house a replacement of the existing Line 5 pipelines across the Straits of Mackinac, which have always operated safely. In recent meetings and in a letter to the Governor, Enbridge has reiterated its shared vision with Michigan of further reducing risk and how we believe constructing a tunnel to house the Straits pipelines is the most effective and timely way to remove the existing Line 5 while ensuring the critical energy needs of Michiganders are met.
Comparing TC Energy and Enbridge Stocks(Continued from Prior Part)Enbridge’s yieldEnbridge (ENB) stock is trading at a yield of ~5.9%, which is ~120 basis points higher than TC Energy’s (TRP) yield. The two stocks have seen a significant rise in
Comparing TC Energy and Enbridge StocksEnbridge stockEnbridge (ENB) has risen ~21% in 2019. Enbridge had underperformed TC Energy (TRP), which has risen 38% year-to-date. A delay in Enbridge’s Line 3 Replacement project and analysts’ downgrades
Enbridge Inc. (ENB) has been on my list of stocks to check out for quite a while, notes dividend expert Tim Plaehn, editor of The Dividend Hunters.
CALGARY , May 17, 2019 /PRNewswire/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge or the Company) announced today that none of Enbridge's outstanding Cumulative Redeemable Preference Shares, Series ...
Permian pure play Diamondback Energy (FANG) reported better-than-expected first-quarter earnings. Meanwhile, refiner Marathon Petroleum (MPC) swung to a surprise loss.
Enbridge’s Earnings Rose 19%, Beat Estimates(Continued from Prior Part)Enbridge’s valuationEnbridge (ENB) is trading at a forward PE ratio of ~18x—lower than its five-year average PE ratio of ~22x. A lower PE ratio than the historical
Enbridge’s Earnings Rose 19%, Beat EstimatesEnbridge’s first-quarter resultsOn May 10, Enbridge (ENB) reported its first-quarter results before the markets opened. The company reported adjusted earnings of 1,640 million Canadian
Enbridge Inc, Canada's largest pipeline operator, said on Friday there is a risk its Line 3 replacement project could exceed its previous cost estimate of C$9 billion ($6.71 billion) because of delays to permits in the United States. Once complete, Line 3 will carry 760,000 barrels per day of western Canadian crude to U.S. markets. In March Enbridge said the in-service date would be delayed by almost a year until the second half of 2020 because of slower-than-expected permitting in the U.S. state of Minnesota.