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Enbridge Inc (ENB.N)

ENB.N on New York Stock Exchange

41.13USD
29 Jul 2016
Change (% chg)

$2.04 (+5.22%)
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Volume
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Latest Key Developments (Source: Significant Developments)

Enbridge Inc shuts crude pipeline due to protest at valve site - Reuters
Monday, 7 Dec 2015 07:02pm EST 

Enbridge Inc:Enbridge Inc shut down its 300,000 barrel per day Line 9 crude oil pipeline on Monday after three protesters locked themselves to equipment at a valve site in Quebec, a company spokesman said - RTRS.Enbridge spokesman Graham White said the protesters broke into a fenced site about 80 kilometres (50 miles) west of Montreal at around 8 a.m. EST (1300 GMT) by cutting the locks, then tampered with a pipeline valve and locked themselves to the equipment - RTRS.Enbridge shut the pipeline, which runs from Sarnia, Ontario, to Montreal, Quebec, as a precaution and the protesters were removed by police - RTRS.White said Enbridge expected to be able to restart the line later on Monday and the company did not anticipate any impact on deliveries to customers - RTRS.Canadian pipeline companies have faced fierce opposition to new projects from environmental groups and First Nations, many of whom would like to stop Canada's vast oil reserves from being developed. Line 9 was recently reversed to carry Western Canadian crude to the east coast. - RTRS.In a statement the protesters, who described themselves as a group of people concerned by Line 9, said a spill could contaminate drinking water - RTRS.the pipeline had not received free, prior and informed consent from First Nations communities before being built, and it promoted the expansion of the oil sands. - RTRS.  Full Article

Enbridge Inc acquires 103-megawatt West Virginia wind project
Wednesday, 25 Nov 2015 04:30pm EST 

Enbridge Inc:Acquires 103-megawatt West Virginia wind project.Says enbridge's total investment is approximately US$0.2 billion.Says acquisition of a 100 percent interest in the 103-megawatt (mw) new creek wind project, from everpower wind holdings, llc.  Full Article

Enbridge Inc cuts 5 percent of workforce in Canada and U.S. - Reuters
Monday, 16 Nov 2015 07:08pm EST 

Enbridge Inc:Canada's largest pipeline company Enbridge Inc cut 5 percent of its workforce on Monday, a company spokesman said, as low oil prices continued to drag on the North American oil and gas industry - RTRS.Enbridge spokesman Graham White said the reductions were made across Canada and the United States and represented about 500 employees at all levels and 100 unfilled positions - RTRS.  Full Article

Enbridge Inc - Canada to move ahead with oil tanker ban on northern B.C. coast - Reuters
Friday, 13 Nov 2015 02:41pm EST 

Enbridge Inc:Canadian Prime Minister Justin Trudeau has instructed Transport Minister Marc Garneau, in a letter released on Friday, to formalize a moratorium on crude oil tanker traffic along the northern coast of British Columbia - RTRS.The Ministry of Transport will work with numerous other ministries to develop the moratorium, which was a Liberal campaign promise ahead of elections last month - RTRS.A ban on oil tanker traffic on the northwest coast will essentially kill Enbridge Inc's controversial Northern Gateway pipeline project, which would have carried oil from Alberta to the port of Kitimat for export to Asian markets - RTRS.  Full Article

Enbridge Inc acquires 24.9% interest in UK Offshore Wind Project
Thursday, 5 Nov 2015 06:45am EST 

Enbridge Inc:Acquires 24.9% interest in UK Offshore Wind Project.Says the company's total investment in the project is expected to be CAD $750 million.Acquisition of a 24.9 percent interest in the 400 megawatt (mw) rampion offshore wind project in the UK.Says construction of the wind farm began in September 2015 and is expected to be fully operational in 2018.Once project goes into service in 2018, expect it to be immediately accretive to available cash flow from operations and earnings per share.Says Enbridge will become one of three shareholders in rampion offshore wind limited which owns the project.Under the terms of the agreement Enbridge will become one of three shareholders in rampion offshore wind limited which owns the project.Says project was developed and is being constructed by e.on climate & renewables UK limited, a subsidiary of e.on se.  Full Article

Enbridge Inc reaffirms FY 2015 EPS guidance
Friday, 31 Jul 2015 07:00am EDT 

Enbridge Inc:Says that it remain solidly on track to be within its FY 2015 adjusted earnings guidance range of $2.05 to $2.35 per share (EPS).FY 2015 EPS of $2.17 - Thomson Reuters I/B/E/S.  Full Article

Enbridge Inc declares dividend
Friday, 31 Jul 2015 07:00am EDT 

Enbridge Inc:Declared quarterly dividends.Dividends are payable on Sept. 1 to shareholders of record on Aug. 14.  Full Article

Enbridge Inc reaches agreement to transfer Canadian liquids pipelines business and renewable energy assets to Enbridge Income Fund for $30.4 billion plus incentive/performance rights
Friday, 19 Jun 2015 07:30am EDT 

Enbridge Inc:Reaches agreement to transfer Canadian liquids pipelines business and renewable energy assets to Enbridge Income Fund for $30.4 billion plus incentive/performance rights.Says $30.4 billion transfer of Canadian mainline, regional oil sands system and Canadian renewable energy assets to Enbridge Income Fund.Says available cash flow from operations growth expected to average about 18 percent from 2014 to 2018.Says 14 to 16 percent expected annual average dividend per share growth from 2016 to 2018.Says consideration that Enbridge will receive upon closing will be $18.7 billion of units in the fund structure.Says Enbridge to remain as manager and operator of transferred assets.Says transaction is expected to provide Enbridge with an alternate source of funding.Says the fund will also assume debt of epi and epa of $11.7 billion.Financing plan for deal contemplates issuance by enf of $600 million to $800 million of public equity per year.Enbridge expects about $3 billion of its forecasted future equity requirements will be satisfied through enf through 2018.Consideration that Enbridge will receive will be $18.7 billion of units in the fund structure.Upon deal close, enbridge's overall economic interest in the fund, including all direct and indirect interests, expected to be about 90 percent.  Full Article

Enbridge Inc reaches agreement to transfer business and assets to Enbridge Income Fund Holdings Inc
Friday, 19 Jun 2015 07:30am EDT 

Enbridge Inc:Reaches agreement with Enbridge Income Fund to transfer its Canadian Liquids Pipelines Business, held by Enbridge Pipelines and Enbridge Pipelines Athabasca, and certain Canadian renewable energy assets to the Fund.The consideration payable at closing valued at $30.4 billion.  Full Article

Enbridge Inc declares common dividend
Wednesday, 6 May 2015 07:00am EDT 

Enbridge Inc:Declared quarterly dividend of 0.465 per common share.Payable on June 1.Record date May 15.  Full Article

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Enbridge profit misses slightly, hurt by Fort McMurray wildfire

CALGARY, Alberta Enbridge Inc , Canada's largest pipeline company, reported a slightly lower-than-expected quarterly profit on Friday as its liquids pipeline business was hit by a massive wildfire in Fort McMurray, Alberta.