Key Developments: Enbridge Inc (ENB.N)

ENB.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Enbridge Inc gives FY 2014 EPS guidance in line with analysts' estimates
Friday, 14 Feb 2014 07:01am EST 

Enbridge Inc:Provides an adjusted earnings guidance range of $1.84 to $2.04 per share (EPS) for fiscal 2014.Fiscal 2014 EPS of $1.95 - Thomson Reuters I/B/E/S.  Full Article

Canadian environment groups launches legal challenge against Enbridge Inc's oil pipeline project - Reuters
Friday, 17 Jan 2014 04:19pm EST 

Enbridge Inc:A coalition of environmental group launched a legal challenge to the preliminary approval for Enbridge Inc C$7.9 billion ($7.21 billion) Northern Gateway pipeline project - Reuters.Says filing suit to prevent Canada's government from using the approval in its final decision on the line.The groups are objecting to the approval granted Northern Gateway last month by the Joint Review.The final decision on whether the project can go ahead rests with the cabinet of Canada's Conservative government.The groups' suit, filed in Federal Court on Jan 17, 2013 says the panel did not adequately consider the effects of the project on humpback whales or caribou and that its conclusions were based on insufficient evidence.  Full Article

Enbridge Inc declares preferred share, series 7 dividend
Wednesday, 15 Jan 2014 04:15pm EST 

Enbridge Inc:Says its Board of Directors has declared a dividend of $0.2381 per Preferred Share, Series 7 payable on Mar. 1 to all shareholders of record on Feb. 14.  Full Article

Enbridge Inc announces closing of $250 Million preferred share offering
Thursday, 12 Dec 2013 09:00am EST 

Enbridge Inc:Says it has closed its previously announced public offering of Cumulative Redeemable Preference shares, Series 7 by a syndicate of underwriters led by Scotiabank, CIBC, RBC Capital Markets, and TD Securities Inc.Says Enbridge issued 10 million Series 7 Preferred Shares for gross proceeds of $250 million which includes the exercise of the underwriters' option.Says the Series 7 Preferred Shares will begin trading on the TSX today under the symbol ENB.PR.J.Says proceeds will be used to partially fund capital projects, reduce existing indebtedness and for other general corporate purposes of the Corporation and its affiliates.  Full Article

Enbridge Inc increases dividend by 11 pct
Wednesday, 4 Dec 2013 04:15pm EST 

Enbridge Inc:Declares a quarterly dividend of $0.350 per common share.Says dividend will be payable on Mar. 1, 2014 to shareholders of record on Feb. 14, 2014.Says dividend reflects an 11 pct increase from the prior quarterly rate.  Full Article

Enbridge Inc Sees FY 2013 EPS guidance at Low end of prior range-Conference Call
Wednesday, 4 Dec 2013 04:15am EST 

Enbridge Inc:Expects to close within but toward the lower end of original FY 2013 EPS guidance range.FY 2013 EPS of $1.77-Thomson Reuters I/B/E/S Estimates.  Full Article

Enbridge Inc announces C$200 mln preferred share offering
Tuesday, 3 Dec 2013 10:01am EST 

Enbridge Inc:Enters into an agreement with a group of underwriters to sell eight million cumulative redeemable preference shares, Series 7.Says at a price of C$25.00 per share for distribution to the public.Says closing of the offering is expected on Dec. 12.Says Enbridge has granted to the underwriters an option, exercisable at any time up to 48 hours prior to the closing of the offering, to purchase up to an additional 2 million Series 7 Preferred Shares at a price of C$25.00 per share.Says syndicate of underwriters is led by Scotiabank, CIBC, RBC Capital Markets, and TD Securities Inc.  Full Article

Enbridge Inc Reaffirms FY 2013 EPS Guidance
Wednesday, 6 Nov 2013 07:00am EST 

Enbridge Inc announced that for fiscal 2013, it remain on track to achieve adjusted earnings per share to be within guidance range of $1.74 to $1.90 per share. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report EPS of $1.81 for fiscal 2013.  Full Article

Enbridge Inc Declares Quarterly Dividends
Wednesday, 30 Oct 2013 04:15pm EDT 

Enbridge Inc announced that its Board of Directors has declared a quarterly dividend of $0.315 per common share, payable on December 1, 2013 to shareholders of record on November 15, 2013. The amount of the dividend is consistent with the September 1, 2013 dividend.  Full Article

Enbridge Inc Comments On Long Term EPS Guidance-Conference Call
Tuesday, 1 Oct 2013 12:00pm EDT 

Enbridge Inc announced that it expects 10% to 12% average annual EPS growth rate out to fiscal 2017. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report EPS of $1.81 for fiscal 2013; EPS of $2.05 for fiscal 2014; EPS of $2.40 for fiscal 2015.  Full Article

UPDATE 2-Canadian crude exports to U.S. top 3 million bpd for first time

CALGARY, Alberta, Oct 8 - Canadian crude exports to the United States topped 3 million barrels per day last week for the first time, suggesting delays to new export pipelines such as TransCanada Corp's Keystone XL were failing to check oil sands development.

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