WRAPUP 1-TransCanada profit falls, Enbridge gains

* Enbridge profit beats forecasts, TransCanada meets them

* Enbridge net rises 105 pct to C$303.8 mln

* Boosts 2009 profit forecasts

* TransCanada net down 12 pct to C$345 mln

* Warns of delays at Bruce power station (In U.S. dollars unless noted.)

By Scott Haggett

CALGARY, Alberta, Nov 4 (Reuters) - Enbridge Inc (ENB.TO: Quote, Profile, Research) and TransCanada Corp (TRP.TO: Quote, Profile, Research), the two big Canadian pipeline companies whose fortunes are increasingly tied to Alberta's vast oil sands, posted divergent profit reports on Wednesday with the more oil-sands-focused Enbridge coming out on top.

Both companies are backing big expansions of their pipeline networks to carry rising production from the oil sands, the largest oil reserve outside the Middle East, to U.S. refiners.

After the economic crisis forced construction delays and deferrals, new projects to exploit the oil sands are getting back on track because of strengthening crude prices and signs of an economic rebound.