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Enbridge Inc (ENB.N)

ENB.N on New York Stock Exchange

41.79USD
2 Dec 2016
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707,815
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$45.77
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$27.43

Latest Key Developments (Source: Significant Developments)

Canada wildfire outages could impact Mainline volumes-Enbridge CEO
Thursday, 12 May 2016 04:01pm EDT 

Enbridge Inc : Canada wildfire outages could have impact on Mainline volumes, should not be significant if restarts go as planned (Reporting by Nia Williams in Calgary) ((julie.gordon@reuters.com;)).  Full Article

Enbridge reports Q1 adjusted earnings of $0.76 per share
Thursday, 12 May 2016 07:00am EDT 

Enbridge Inc : Enbridge working to restart regional oil sands pipelines as risk from wildfires in northeastern Alberta moderates . Since shutdown of Enbridge's facilities, deliveries from co's regional oil sands pipelines reduced by about 900,000 barrels per day . Currently expects that system capacity will be restored over the next few days subject to ongoing access to facilities . On may 10, 2016, Enbridge announced acquisition of a 50% interest in EMF, a french offshore wind development company, for $282 million . Impact of the wildfires on the financial performance of the company cannot be accurately estimated at this time . Upon closing of deal, Enbridge,EDF en to co-develop 3 large-scale offshore wind farms that would produce a combined 1,428 (MW) of power . Disruption of service on regional oil sands and downstream pipelines not expected to significantly impact financial performance in 2016 . Commencing with q1 of 2016, Enbridge has adopted a new financial reporting format . From Q1 2016, new financial format focuses on operating, financial performance of five major business lines . Average deliveries on mainline system ex-Gretna and on Lakehead pipeline system in q1 of 2016 were over 2.5 million barrels per day . Enbridge reports first quarter adjusted earnings of $663 million or $0.76 per common share . Q1 adjusted earnings per share C$0.76 . Q1 earnings per share C$1.38.  Full Article

Enbridge inspects sites for safe restart after wildfires
Tuesday, 10 May 2016 11:49am EDT 

Enbridge Inc : Enbridge inspects sites for safe restart after wildfires . Crews have been inspecting facilities and pipelines in Fort Mcmurray region . As fires retreat in some areas, Enbridge workers have been able to conduct field assessments of several of its sites . Currently finalizing plans to repair and restart system and working to assess available utility power supply needed to safely return to service . Inspections of Athabasca and Cheecham terminal facilities indicate they have been largely unaffected by fires . As of May 10, Enbridge Cheecham facility remains closed . All enbridge pipelines in and out of Cheecham terminal continue to be isolated and shut down . Limited volumes are currently flowing on Line 19, initiating out of Kirby Lake facility .Athabasca terminal continues to operate with a minimum staff complement..  Full Article

Enbridge to acquire 50 pct interest in Eolien Maritime France
Tuesday, 10 May 2016 02:45am EDT 

Enbridge Inc : Enbridge to acquire 50% interest in french offshore wind development company .Agreed to acquire 50% interest in Eolien Maritime France Sas, for an investment of C$282 million.  Full Article

Canada's Trudeau says energy minister working with oil firms and Alberta government to get better understanding of disaster
Monday, 9 May 2016 01:40pm EDT 

: Canada's Trudeau says energy minister working with oil firms and alberta government to get better understanding of disaster . Canada's Trudeau says no need to accept any international assistance at this point to help fight wildfires . Canada's Trudeau says government will support and invest in rebuilding Fort McMurray for years to come, gives no details (Reporting by David Ljunggren) ((david.ljunggren@thomsonreuters.com;)).  Full Article

Alberta gov't official says has started planning for people to return to Fort McMurray
Saturday, 7 May 2016 05:31pm EDT 

Alberta gov't official says wildfire near Fort McMurray remains out of control : Alberta firefighting official: don't feel any oilsands sites to north of Fort McMurray will be affected, fire continuing to move northeast . Alberta firefighting official: hope to be able to start containing fire if weather cools off over next few days as expected . Alberta firefighting official: continuing to see some success fighting the fire in parts of Fort McMurray . Alberta firefighting official: unless we get significant rain, expect to be fighting fires in forested regions for months to come . Alberta gov't official: evacuation of Syncrude oilsands plant should be completed soon . Alberta gov't official: have started planning for people to return to Fort McMurray; there is no timeline "but I am not looking at months" . Alberta firefighting official: expect to get "a very good handle on the fire" within the community in the next month or two (Reporting by David Ljunggren) ((david.ljunggren@thomsonreuters.com;)).  Full Article

Canada public safety minister: if more resources needed to fight Alberta wildfires, will ask for U.S. help
Friday, 6 May 2016 12:56pm EDT 

: Canada public safety minister: if more resources needed to fight Alberta wildfires, will ask for help from United States (Reporting by David Ljunggren) ((david.ljunggren@thomsonreuters.com;)).  Full Article

Enbridge Inc raised quarterly dividend by 14 percent to $0.53 per share
Friday, 19 Feb 2016 07:01am EST 

Enbridge Inc:Says raised its quarterly dividend by 14 percent to $0.53 per common share.  Full Article

Enbridge Inc acquires Montney Natural Gas assets from Murphy Oil Corp
Wednesday, 27 Jan 2016 05:15pm EST 

Enbridge Inc:Says $538 million acquisition of Tupper Main and Tupper West gas plants and associated pipelines in northeastern B.C., from Canadian subsidiary of Murphy Oil Corporation.Purchase price will initially be funded from available sources of liquidity.  Full Article

Enbridge Inc temporarily shuts Line 7 oil pipeline after protest - Reuters
Monday, 4 Jan 2016 06:21pm EST 

Enbridge Inc:Enbridge Inc shut down a crude oil pipeline for about 3 hours on Monday morning, a company spokesman said, after protesters opposed to oil sands development partially restricted flow on the pipeline on Sunday night by tampering with a valve station - RTRS.Spokesman Graham White said the Line 7 crude oil pipeline, which carries around 150,000 barrels per day of crude from Sarnia, Ontario, to Westover, Ontario, was shut down as a precaution so maintenance workers could inspect the valve station - RTRS.Line 7 was restarted on Monday and White said there was no impact on deliveries. It is the second time in a month that Enbridge has been forced to shut down a pipeline as a result of protests by environmental groups - RTRS.  Full Article

BRIEF-Enbridge increases size of preferred share offering

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