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|Day's Range||27.68 - 27.89|
|52 Week Range||22.52 - 27.89|
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|Beta (3Y Monthly)||N/A|
|Expense Ratio (net)||N/A|
TransCanada Corp. believes its Keystone pipeline is likely the source of an oil leak near St. Louis that Missouri officials have estimated at 1,800 gallons (6,814 liters), a spokesman for the company said Friday. Sections of both the Keystone pipeline and Enbridge Inc.'s Platte pipeline were closed as crews sought to find the source of the leak, which was discovered Wednesday in St. Charles County. "Following overnight activity and excavation, preliminary investigation has led TransCanada to believe that the oil discovered in St. Charles County likely originates from the Keystone Pipeline system and we will continue to conduct our activities accordingly," TransCanada spokesman Terry Cunha said.
Enbridge Inc restored southbound natural gas flows over the weekend through parts of its Texas Eastern (TETCO) pipeline in Ohio that were damaged in an explosion last week. The blast last Monday forced drillers using the pipe to reduce output in the Marcellus and Utica shale in Pennsylvania, Ohio and West Virginia, the nation's biggest gas producing region, during the week before a polar vortex is expected to freeze the eastern half of the United States. Total output in the Marcellus and Utica returned to 30 billion cubic feet per day (bcfd), the same as before the pipe blast, which cut production there by around 1 bcfd last week, according to financial data provider Refinitiv.
Enbridge Inc said it plans to restore southbound natural gas flows on part of its Texas Eastern (TETCO) pipeline in Ohio by the middle of next week following an explosion on one of three lines there this week. The shutdown on Monday forced drillers using the pipe to reduce output in the Marcellus and Utica shale in Pennsylvania, Ohio and West Virginia, the nation's biggest gas producing region, a week before a polar vortex is expected to freeze the eastern half of the country. Total output in the Marcellus and Utica slipped from 30 billion cubic feet per day (bcfd) before the blast to around 29 bcfd on Monday-Friday, according to financial data provider Refinitiv.
Enbridge Inc reversed the direction of natural gas flows on its Texas Eastern (TETCO) pipeline in Ohio after an explosion on one of its lines there on Monday, according to financial data provider Refinitiv. Before the blast, which injured two people and damaged three homes, gas was flowing south through the damaged section of pipe from the Marcellus and Utica shale in Pennsylvania, Ohio and West Virginia toward the Gulf Coast, according to Refinitiv and gas traders.
If you are looking to generate income from the energy space, Enbridge and Enterprise should both be on your short list. Which is better?
The pipeline company is forming a joint venture with Tallgrass Energy for a new oil pipeline to support the fast-growing Rockies region.
U.S. natural gas output in the Marcellus and Utica shale in Pennsylvania, Ohio and West Virginia dropped by 7 percent on Wednesday, following an explosion https://reut.rs/2FHIMVn on Enbridge Inc's Texas Eastern (TETCO) pipeline on Monday. The blast, which injured two people who lived nearby and damaged three homes, occurred on TETCO's 30-inch (76.2 cm) line about two miles south of Summerfield in Noble County in southeast Ohio at around 10:40 a.m. EST (1540 GMT), the Calgary-based company said in a statement.
An explosion of an Enbridge Inc natural gas pipeline in Ohio on Monday created a fireball of flame and damaged homes, prompting the evacuation of nearby residents. The explosion occurred on Enbridge's Texas Eastern pipeline system and appeared to have destroyed two homes, said Chasity Schmelzenbach, emergency management director for Noble County, Ohio.
A proposal to run an oil pipeline beneath a crucial section of the Great Lakes cleared its final hurdle Wednesday, gaining approval of a Michigan panel created a week earlier in a dash to complete the deal before Republican Gov. Rick Snyder leaves office. The three-member Mackinac Straits Corridor Authority unanimously backed an agreement between the state and Canadian pipeline company Enbridge to drill a tunnel through bedrock up to 100 feet (30.4 meters) below the more than 4-mile-wide (6.4 kilometer) channel that links Lakes Huron and Michigan. A new segment of pipeline would extend through the tunnel, replacing twin pipes that have lain along the lake bed since 1953.
A plan to build an oil pipeline tunnel beneath a channel linking Lakes Huron and Michigan has won final approval. One week after it was established, a Michigan panel approved an agreement between outgoing Republican Gov. Rick Snyder's administration and the Canadian pipeline company Enbridge.
During the fast-paced Lightning Round of Tuesday's Mad Money program, Jim Cramer was bullish on Enbridge Inc. Enbridge is an "energy infrastructure company with strategic business platforms that include an extensive network of crude oil, liquids and natural gas pipelines, regulated natural gas distribution utilities and renewable power generation." Sounds complicated so let's just look at the charts. In this daily bar chart of ENB, below, we can see that prices have weakened since the beginning of the year.
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.
The Canadian energy infrastructure giant unveiled a bullish outlook for the next several years.
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).