|Day's Range||39.00 - 39.62|
|52 Week Range||33.76 - 44.90|
|PE Ratio (TTM)||42.29|
|Dividend & Yield||0.96 (3.14%)|
|1y Target Est||N/A|
Canada's top court handed aboriginals a partial victory on Wednesday, ruling there was not adequate consultation on plans to conduct seismic testing for oil and gas in the north of the country, but dismissing a separate attempt to quash permits for changes to an Enbridge Inc pipeline. In the two separate but related decisions, the Supreme Court of Canada found that while the Canadian government holds ultimate responsibility for ensuring that consultations with First Nations are adequate, it can rely on the national energy regulator's process to fulfill that in oil- and gas-related matters.
Canada's top court ruled on Wednesday that aboriginals were adequately consulted on changes to an Enbridge Inc oil pipeline, dismissing an attempt to quash the national energy regulator's approval of the project. The Supreme Court of Canada ruled in a unanimous decision that the Chippewas of the Thames First Nation were given early notice of hearings on changes to Enbridge's Line 9 oil pipeline, which runs between Sarnia, Ontario, and Montreal, through what the Chippewas regard as their traditional territory.
These oil stocks should thrive even if oil stays lower for longer.