|Bid||0.0000 x 1000|
|Ask||0.0000 x 800|
|Day's Range||4.7900 - 5.0800|
|52 Week Range||3.2610 - 6.7800|
|Beta (5Y Monthly)||-0.15|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 17, 2020 - Feb 23, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||7.13|
In September 2019, the companies announced a memorandum of understanding to jointly pursue the development of the pipeline, but now Enbridge will take it on in its entirety.
NextDecade Corp. and Enbridge Inc. have entered into a definitive agreement whereby Enbridge will acquire Rio Bravo Pipeline Company, LLC.
The authorizations will allow three companies to export natural gas to more growing international markets.
The U.S. Federal Energy Regulatory Commission again weighed into a dispute between three South Texas municipalities and the company slated to build the largest liquefied natural gas terminal at the Port of Brownsville.
The future Annova LNG liquefaction facility at the Port of Brownsville will be fed with gas from an Enbridge Inc. pipeline, according to a Wednesday news release. Enbridge's (NYSE: ENB) Valley Crossing Pipeline, which runs from the gas hub of Agua Dulce to just east of Brownsville, will be extended nine miles to supply Annova with the gas needed to produce 6.5 metric tons of LNG per year, according to a statement by Annova. “Annova LNG’s firm transportation arrangements will ensure security of supply and access to the most diversified, low-cost feed gas of any of the U.S. LNG facilities,” Annova CEO Omar Khayum said in the statement.
Two companies planning to export LNG at the port are asking FERC to reject a challenge to their federal authorizations.
Many investors, including Paul Tudor Jones or Stan Druckenmiller, have been saying before last year's Q4 market crash that the stock market is overvalued due to a low interest rate environment that leads to companies swapping their equity for debt and focusing mostly on short-term performance such as beating the quarterly earnings estimates. In the […]
The Federal Energy Regulatory Commission has permitted the plants, but there's a ways to go before they can be built.
Three liquefied natural gas terminals proposed at the Port of Brownsville received federal permitting in spite of local opposition that said the projects could harm the tourism and fishing industries.
Proceeds from the investment will go toward developing the Houston company's planned LNG export facility in South Texas.
The government of Abu Dhabi has pumped $50 million into a Houston-based company hoping to build the largest liquefied natural gas export terminal at the Port of Brownsville. NextDecade Corp. sold 7.9 million shares of stock to an affiliate of Mubadala Investment Co. in a private placement, the LNG company announced Thursday. Mubadala's sole shareholder is the government of Abu Dhabi, and the country's crown prince, Mohammed bin Zayed Al Nahyan, is the investment firm's chairman.
Enbridge (ENB) is set to build the 135.5-mile Rio Bravo Pipeline with a transportation capacity of 4.5 billion cubic feet of natural gas per day.