29.76 -0.17 (-0.57%)
After hours: 5:58PM EDT
|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||29.84 - 30.91|
|52 Week Range||29.84 - 42.92|
|PE Ratio (TTM)||23.68|
|Forward Dividend & Yield||2.09 (6.81%)|
|1y Target Est||45.03|
Yahoo Finance's Jared Blikre and Jen Rogers get technical, looking for trading opportunities in the SPDR S&P Oil and Gas Exploration ETF (XOP).
The regulatory board is of the opinion that Enbridge's (ENB) Line 3 Project meets all legal requirements, after it considered the proposed alternatives for the pipeline's route.
Enbridge (ENB) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Enbridge Energy Partners, L.P. (NYSE:EEP) shares took a hit early in the day before coming back up following recent tax policy changes by a federal energy agency. The Federal Energy Regulatory Commission (FERC) revised its policy statement regarding interstate pipeline tax allowance recovery in Master Limited Partnerships (MLPs), nor from FERC’s Notice of Proposed Rule-Making (NOPR). Enbridge says that it does not project these changes to negatively affect the company’s financial guidance over 2018 through 2020.
Enbridge Inc. does not expect a material consolidated financial impact as a result of FERC Revised Policy Statements
Spectra Energy Partners LP (SEP) does not expect any material impact to its financial guidance from the FERC policy actions. Roughly 60% of SEP's gas pipeline revenue comes from negotiated or market-based tariffs and therefore not directly affected by the FERC policy revisions.
In an unprecedented move, FERC (the Federal Energy Regulatory Commission) revised its income tax policy for MLPs. MLPs, which aren’t taxed at the corporate level and which operate as pass-through entities, allocate their income to investors. To compensate investors for the income tax burden, MLPs have been receiving an income tax allowance from customers on FERC-regulated pipelines.
With a yield of 11.1%, Enbridge Energy Partners (EEP), the MLP subsidiary of Enbridge (ENB), is trading at a yield close to Buckeye Partners (BPL), which we looked at in the previous part of this series. Enbridge Energy Partners paid a distribution of $0.35 per share in 4Q17, the same as the previous quarter. Enbridge Energy Partners’ coverage ratios for 4Q17 and 2017 were 1.3x and 1.22x, respectively.
Enterprise and Spectra saw some big changes in 2017. Which is the better buy now may depend on your dividend growth expectations.
Enbridge Announces Expiration and Results of Offer by Spectra Energy Capital, LLC to Purchase Notes Due in 2032 and 2038
CALGARY, March 7, 2018 /PRNewswire/ - Enbridge Inc. (ENB) (ENB) (Enbridge or the Company) announced today that the previously announced all cash tender offer (the Tender Offer) by its wholly-owned subsidiary, Spectra Energy Capital, LLC (Spectra Capital) for any and all of Spectra Capital's outstanding 6.75% senior unsecured notes due 2032 (the 2032 Notes) and 7.50% senior unsecured notes due 2038 (the 2038 Notes, collectively, the Notes) expired at 5:00 p.m. New York City time on March 6, 2018. According to information provided by D.F. King & Co., Inc., the tender and information agent for the Tender Offer, (i) US$64,121,000 aggregate principal amount of the 2032 Notes and (ii) US$42,829,000 aggregate principal amount of the 2038 Notes were validly tendered prior to or at the expiration of the Tender Offer and not validly withdrawn.
CALGARY, March 6, 2018 /PRNewswire/ - Enbridge Inc. (ENB) (ENB) (Enbridge or the Company) announced today the consideration to be paid in the previously announced all cash tender offer (the Tender Offer) by its wholly-owned subsidiary, Spectra Energy Capital, LLC (Spectra Capital) for any and all of Spectra Capital's outstanding 6.75% senior unsecured notes due 2032 (the 2032 Notes) and 7.50% senior unsecured notes due 2038 (the 2038 Notes, collectively, the Notes). The Offer will expire at 5:00 p.m. New York City time, today, March 6, 2018, unless extended.
Enbridge Announces Pricing of Offer by Spectra Energy Capital, LLC to Purchase Notes Due in 2032 and 2038
This could indicate that investors who seek to profit from falling equity prices are not currently targeting ENB. ENB credit default swap spreads are within the middle of their range for the last three years.