Edition:
United States

Enbridge Inc (ENB.N)

ENB.N on New York Stock Exchange

42.03USD
9 Dec 2016
Change (% chg)

$-0.15 (-0.36%)
Prev Close
$42.18
Open
$42.28
Day's High
$42.31
Day's Low
$41.88
Volume
535,003
Avg. Vol
715,652
52-wk High
$45.77
52-wk Low
$27.43

Latest Key Developments (Source: Significant Developments)

Enbridge - Enbridge Energy Partners L.P and Marathon Petroleum form new JV
Thursday, 1 Sep 2016 10:42am EDT 

Enbridge : Enbridge Energy Partners, L.P. and co announced today that EEP and Marathon Petroleum Corporation have formed a new joint venture . JV entered into an agreement to acquire a 49 percent equity interest in holding company that owns 75 percent of the Bakken pipeline system . Bakken pipeline system purchased from an affiliate of Energy Transfer Partners, L.P. and Sunoco Logistics Partners L.P. . EEP, Marathon Petroleum would indirectly hold 75 percent and 25 percent, respectively, of JV's 49 percent interest in holding co of Bakken pipeline . Purchase price of EEP’s effective 27.6 percent interest in the system is US$1.5 billion . Purchased system consists of the Dakota Access Pipeline (“DAPL”) and the Energy Transfer Crude Oil Pipeline (“ETCO”) projects Source - http://bit.ly/2c3LdT7 ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Destin Pipeline says evacuating all staff from MP 260 platform
Monday, 29 Aug 2016 07:57pm EDT 

Destin Pipeline Co LLC: Destin Pipeline says all personnel have been evacuated from the MP 260 platform. . Destin Pipeline says all receipt points at MP 260, including the Okeanos Gas Gathering System, Marlin and Horn Mountain have been shut in. . Destin Pipeline says all delivery points, including VKGS have also been shut in. . Destin Pipeline says transportation service to its 24 inch lateral continues to be available for deliveries to MP 261JP. . Destin Pipeline says 24 inch lateral will remain isolated from MP 260, and its to flow on the 24 inch lateral will be dependent on downstream operations. Related: Destin Pipeline says evacuating non-essential staff from offshore facilities [nFWN1B70K5] The company is majority owned by BP Plc with Enbridge Inc a minority partner. (Reporting by Harshith Aranya in Bengaluru) ((BLRCEEditorial@thomsonreuters.com;)).  Full Article

Enbridge says files for mixed shelf of up to $7 bln with U.S. SEC
Monday, 22 Aug 2016 11:40am EDT 

Enbridge Inc : Says files for mixed shelf of up to $7 billion with U.S. SEC - SEC Filing . Net proceeds from the mixed shelf offering are not expected to be applied to fund any specific project Source - http://bit.ly/2bH3H92 Further company coverage: [ENB.TO] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Enbridge Energy, Enbridge Inc to acquire equity interest in Bakken Pipeline
Tuesday, 2 Aug 2016 07:30pm EDT 

Enbridge Inc : Enbridge Energy Partners, L.P. and Enbridge Inc. announce agreement to acquire equity interest in Bakken Pipeline system establishing new path to U.S. Gulf coast . Formed joint venture, which entered into agreement to acquire 49 percent interest in holding co that owns 75 percent of Bakken Pipeline System . Mark Maki, president for EEP said investment is expected to be immediately accretive . Says plans to initially fund its investment in EEP from available liquidity . Purchase price of EEP's effective 27.6 percent interest in system is $1.5 billion . Intends to enter into bridge financing arrangement with Enbridge to fund EEP's US$1.5 billion investment at closing .EEP and Marathon Petroleum Corporation have formed new joint venture.  Full Article

Enbridge qtrly adjusted earnings per share $0.50
Friday, 29 Jul 2016 07:00am EDT 

Enbridge Inc : Enbridge inc says impact of reduced system deliveries on revenues negatively impacted company's adjusted ebit and acffo per share in q2 . Enbridge inc says oil sands production substantially came back on line by end of june . Throughput on enbridge's liquids mainline system and overall system utilization are expected to return to levels anticipated at outset of year, during q3 . Throughput on co's liquids mainline system,overall system utilization expected to return to levels anticipated at outset of year, during q3 . Expected that adjusted ebit and acffo per share for full 2016 year will remain well within previously communicated guidance ranges . Q2 earnings per share view c$0.50 -- Thomson Reuters I/B/E/S . Enbridge inc. Reports second quarter 2016 results . Qtrly earnings per share $0.33 . Qtrly adjusted earnings per share $0.50 . "oil sands production substantially came back on line by end of june" . Notwithstanding impact of wildfires, expected that adjusted ebit and acffo per share for 2016 will remain within previously communicated guidance ranges . Enbridge inc says on average, deliveries were lower by approximately 255,000 barrels per day (bpd) during months of may and june .All figures in c$.  Full Article

Enbridge Energy Partners reports Q2 EPS of $0.08
Thursday, 28 Jul 2016 04:00pm EDT 

Enbridge Energy Partners LP : "Oil sands production that was curtailed for northeastern alberta wildfires has substantially come back on line" . Enbridge Energy Partners qtrly operating revenue $ 1,048.9 million versus $1,313.1 million; qtrly earnings per unit $0.08 .Enbridge Energy Partners declares distribution and reports earnings for second quarter 2016.  Full Article

Enbridge Energy Partners settles with U.S. DOJ and U.S. EPA on Marshall and Romeoville incidents
Wednesday, 20 Jul 2016 11:26am EDT 

Enbridge Energy Partners Lp : Enbridge Energy Partners L.P. settles with U.S. Department Of Justice and U.S. Environmental Protection Agency on Marshall and Romeoville incidents ."We accept civil penalties and enhanced safety measures in decree".  Full Article

National Energy Board suspends review of Northern Gateway Sunset clause extension request
Friday, 8 Jul 2016 04:30pm EDT 

National Energy Board: Will also suspend review of any filings from northern gateway regarding compliance with 209 conditions attached to project .National Energy Board says suspends review of northern gateway sunset clause extension request.  Full Article

Enbridge says it remains "fully committed" to Northern Gateway
Thursday, 30 Jun 2016 02:48pm EDT 

Enbridge Inc :Enbridge says it remains "fully committed" to building Northern Gateway pipeline, working with partners to determine next steps.  Full Article

Canadian wildfires to cut oil output by 400,000 bpd in June - EIA
Wednesday, 8 Jun 2016 12:36pm EDT 

The Canadian wildfires will cut production by an average of 400,000 barrels per day (bpd) in June, the U.S. Energy Information Administration said on Wednesday. : The disruptions to oil production averaged about 800,000 bpd in May, with a daily peak of more than 1.1 million bpd, EIA said. . Fort McMurray, Alberta, an oil production hub with a population of 90,000 people, was evacuated in early May as an uncontrolled wildfire ripped through some neighborhoods, destroying about 10 percent of the city's homes. [nL1N18Z1C5] . "While evacuees from the ongoing fires in Fort McMurray have begun to return to the city, a state of emergency remains in place throughout Alberta, Canada, and the temporary shutdown of the area's oil sands production sites continues," EIA said. . To read the full report, click on: ((http://1.usa.gov/1UErB5n)) (Reporting By Jarrett Renshaw) ((jarrett.renshaw@thomsonreuters.com;)(646)(223-6193;)).  Full Article

BRIEF-Enbridge increases size of preferred share offering

* Says size of offering has been increased to 30 million from 20 million