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Enbridge Inc (ENB.TO)

ENB.TO on Toronto Stock Exchange

42.87CAD
31 Jul 2020
Change (% chg)

$-0.51 (-1.18%)
Prev Close
$43.38
Open
$43.34
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$43.34
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$42.21
Volume
4,644,622
Avg. Vol
6,473,193
52-wk High
$57.32
52-wk Low
$33.06

Latest Key Developments (Source: Significant Developments)

Pipeline operator Enbridge expects Line 5 east leg to operate within weeks
Wednesday, 29 Jul 2020 

July 29 (Reuters) - Enbridge Inc executives, speaking on a conference call::ENBRIDGE EXECUTIVE VP OF LIQUIDS PIPELINES SAYS COMPANY HAS OTHER WAYS TO MOVE BAKKEN CRUDE IF DAKOTA ACCESS PIPELINE SHUTS DOWN.ENBRIDGE EXECUTIVE VP OF LIQUIDS PIPELINES SAYS EXPECTS MAINLINE HEAVY OIL LINES TO BE FULLY UTILIZED FOR REST OF 2020.ENBRIDGE EXPECTS EAST LEG OF LINE 5 TO OPERATE WITHIN NEXT FEW WEEKS, WORKING WITH FEDERAL REGULATOR TO SHOW IT IS FIT FOR SERVICE -EXECUTIVE VP LIQUIDS.  Full Article

Enbridge Inc Q2 Adjusted Earnings Per Share C$0.56
Wednesday, 29 Jul 2020 

July 29 (Reuters) - Enbridge Inc ::ENBRIDGE REPORTS STRONG SECOND QUARTER.Q2 ADJUSTED EARNINGS PER SHARE C$0.56.Q2 GAAP EARNINGS PER SHARE C$0.82.Q2 EARNINGS PER SHARE ESTIMATE C$0.55 -- REFINITIV IBES DATA.QTRLY DISTRIBUTABLE CASH FLOW (DCF) WAS $2,437 MILLION, COMPARED WITH $2,310 MILLION IN 2019.REAFFIRMED FY 2020 DISTRIBUTABLE CASH FLOW PER SHARE OF C$4.50 TO C$4.80.CONTINUES TO EXPECT FAVOURABLE U.S. DOLLAR EXCHANGE RATE FOR 2020 WHICH WILL BENEFIT UNHEDGED CASH FLOWS, LOW INTEREST RATES.MAINLINE THROUGHPUT FOR QUARTER REFLECTS SLIGHTLY FASTER PACE OF RECOVERY IN DEMAND FOR REFINED PRODUCTS, HIGHER REFINERY UTILIZATIONS.ANTICIPATES CONTINUED BUT GRADUAL RECOVERY IN DEMAND FOR BALANCE OF 2020, CONSISTENT WITH THROUGHPUT GUIDANCE.CONTINUES TO EXPECT MAINLINE VOLUMES WILL BE UNDER UTILIZED BY 200-400 KBPD IN Q3 & 100-300 KBPD IN Q4.AT THIS TIME, CANNOT DETERMINE WHEN ALL NECESSARY PERMITS TO COMMENCE CONSTRUCTION WILL BE ISSUED FOR LINE 3.HAS NOT PROVIDED AN UPDATE TO IN-SERVICE DATE FOR LINE 3.CONSTRUCTION & COMMISSIONING OF LINE 5 TUNNEL & PIPELINE EXPECTED TO BE COMPLETED IN LATE 2024.EXITED Q2 WITH OVER $14 BILLION OF LIQUIDITY, HAVING COMPLETED ITS 2020 FUNDING PLAN.ALL FINANCIAL FIGURES ARE IN CANADIAN DOLLARS.  Full Article

Enbridge Reports Q2 Adjusted Earnings Per Share C$0.56
Wednesday, 29 Jul 2020 

July 29 (Reuters) - Enbridge Inc ::ENBRIDGE REPORTS STRONG SECOND QUARTER.Q2 ADJUSTED EARNINGS PER SHARE C$0.56.Q2 GAAP EARNINGS PER SHARE C$0.82.Q2 EARNINGS PER SHARE ESTIMATE C$0.55 -- REFINITIV IBES DATA.SEES FY 2020 EARNINGS PER SHARE C$4.50 TO C$4.80.QTRLY DISTRIBUTABLE CASH FLOW (DCF) WAS $2,437 MILLION, COMPARED WITH $2,310 MILLION IN 2019.RE-AFFIRMED FINANCIAL GUIDANCE RANGE FOR 2020 OF $4.50 TO $4.80 DCF/SHARE.CONTINUES TO EXPECT FAVOURABLE U.S. DOLLAR EXCHANGE RATE FOR 2020 WHICH WILL BENEFIT UNHEDGED CASH FLOWS, LOW INTEREST RATES.MAINLINE THROUGHPUT FOR QUARTER REFLECTS SLIGHTLY FASTER PACE OF RECOVERY IN DEMAND FOR REFINED PRODUCTS, HIGHER REFINERY UTILIZATIONS.ANTICIPATES CONTINUED BUT GRADUAL RECOVERY IN DEMAND FOR BALANCE OF 2020, CONSISTENT WITH THROUGHPUT GUIDANCE.ENBRIDGE - CONTINUES TO EXPECT MAINLINE VOLUMES WILL BE UNDER UTILIZED BY 200-400 KBPD IN Q3 & 100-300 KBPD IN Q4.AT THIS TIME, CANNOT DETERMINE WHEN ALL NECESSARY PERMITS TO COMMENCE CONSTRUCTION WILL BE ISSUED FOR LINE 3.ENBRIDGE - HAS NOT PROVIDED AN UPDATE TO IN-SERVICE DATE FOR LINE 3.ENBRIDGE - CONSTRUCTION & COMMISSIONING OF LINE 5 TUNNEL & PIPELINE EXPECTED TO BE COMPLETED IN LATE 2024.EXITED Q2 WITH OVER $14 BILLION OF LIQUIDITY, HAVING COMPLETED ITS 2020 FUNDING PLAN.  Full Article

Enbridge Resumes Partial Operation Of Line 5 Dual Pipelines
Thursday, 2 Jul 2020 

July 1 (Reuters) - Enbridge Inc ::ENBRIDGE RESUMES PARTIAL OPERATION OF LINE 5 DUAL PIPELINES.ENBRIDGE INC - WILL CONDUCT AN INLINE INSPECTION TOOL RUN ON WEST SEGMENT.ENBRIDGE INC - EAST SEGMENT OF LINE 5 WILL REMAIN SHUT DOWN.  Full Article

Enbridge Says Disappointed In Court’s Ruling As Co Believes That Line 5 Is Safe
Friday, 26 Jun 2020 

June 25 (Reuters) - Enbridge Inc ::ENBRIDGE SAYS 'DISAPPOINTED IN THE COURT’S RULING AS WE BELIEVE THAT LINE 5 IS SAFE; HOWEVER, THE WEST LEG OF LINE 5 HAS BEEN SHUT DOWN'.ENBRIDGE SAYS INSPECTIONS HAVE DETERMINED THAT WEST SEGMENT OF LINE 5 CROSSING STRAITS IS SAFE FOR OPERATIONS.ENBRIDGE - WILL BE PROVIDING COURT WITH INFORMATION IT HAS REQUESTED RELATING TO PHMSA’S APPROACH TO ASSESSING CURRENT SITUATION WITH LINE 5.  Full Article

EDF Renewables, Enbridge And wpd Start Construction Of Fecamp Offshore Wind Farm
Tuesday, 2 Jun 2020 

June 2 (Reuters) - Electricite de France SA ::FÉCAMP OFFSHORE WIND FARM STARTS CONSTRUCTION.TOTAL PROJECT CAPITAL COST IS ESTIMATED TO BE EUR2 BILLION, OF WHICH THE MAJORITY WILL BE FINANCED THROUGH NON-RECOURSE PROJECT LEVEL DEBT.FÉCAMP OFFSHORE WIND FARM IS UNDERPINNED BY A 20-YEAR POWER PURCHASE AGREEMENT (PPA) GRANTED BY THE STATE, IN JUNE 2018.500 MW FÉCAMP OFFSHORE WIND FARM WILL BE COMPOSED OF 71 WIND TURBINES LOCATED BETWEEN 13KM AND 22KM FROM THE COAST OF NORTHWEST FRANCE.PROJECT COMMISSIONING IS SCHEDULED IN 2023.  Full Article

Enbridge Inc Says CER Establishes Mainline Contracting Regulatory Process
Wednesday, 20 May 2020 

May 19 (Reuters) - Enbridge Inc ::ENBRIDGE INC - CER ESTABLISHES MAINLINE CONTRACTING REGULATORY PROCESS.ENBRIDGE -CANADA ENERGY REGULATOR COMMENT ON REGULATORY PROCESS FOR PROPOSAL TO OFFER CONTRACTED TRANSPORTATION SERVICE ON MAINLINE PIPELINE SYSTEM.ENBRIDGE - REGULATOR SAYS REGULATORY PROCESS WILL PROCEED IN SINGLE PHASE HEARING PROCESS THAT BALANCES NEED TO ADDRESS PANDEMIC-RELATED CHALLENGES.ENBRIDGE -REGULATOR SAYS REGULATORY PROCESS WILL PROCEED IN SINGLE PHASE HEARING THAT ALSO BALANCES COMMISSION'S MANDATE TO ADJUDICATE APPROPRIATELY.  Full Article

Enbridge Reports Strong Q1 2020 Results; Re-Affirms Outlook
Thursday, 7 May 2020 

May 7 (Reuters) - Enbridge Inc ::ENBRIDGE REPORTS STRONG FIRST QUARTER 2020 RESULTS; RE-AFFIRMS OUTLOOK.Q1 ADJUSTED EARNINGS PER SHARE C$0.83.Q1 EARNINGS PER SHARE ESTIMATE C$0.74 -- REFINITIV IBES DATA.Q1 LOSS PER SHARE C$0.71.QTRLY DISTRIBUTABLE CASH FLOW WAS $2,706 MILLION, COMPARED WITH $2,758 MILLION.REAFFIRMED FINANCIAL GUIDANCE RANGE FOR 2020 DISTRIBUTABLE CASH FLOW PER SHARE OF $4.50 TO $4.80/SHARE.ENBRIDGE-BELIEVE VOLUMES WILL RECOVER IN H2 AS COVID-19 RELATED RESTRICTIONS ARE SLOWLY LIFTED, MOBILITY GRADUALLY RETURNS TO NORTH AMERICA IN Q3 & Q4.WE PLAN TO REDUCE 2020 COSTS BY APPROXIMATELY $300 MILLION.DEFERRING ABOUT $1 BILLION OF 2020 SECURED GROWTH CAPITAL SPENDING TO REFLECT REFINED EXECUTION SCHEDULES IN LIGHT OF COVID-19.DON'T EXPECT TO BE ENTIRELY IMMUNE TO COVID-19 IMPACTS IN NEAR TERM."THE GLOBAL ECONOMY HAS SEVERELY CONTRACTED AND WE'RE EXPERIENCING ENERGY DEMAND DISRUPTION ON A SCALE THAT WE HAVEN'T SEEN BEFORE".ENBRIDGE-AGREEMENT TO SELL 49% OF INTEREST IN 3 OFFSHORE WIND PROJECTS UNDER DEVELOPMENT IN FRANCE TO CPP INVESTMENTS FOR PROCEEDS EXCEEDING $100 MILLION.ENBRIDGE - NON-CASH IMPAIRMENT OF CO'S INVESTMENT IN DCP MIDSTREAM OF $1,736 MILLION, NON-CASH UNREALIZED DERIVATIVE FAIR VALUE LOSSES OF $1,956 MILLION IN Q1.SOLD $0.4 BILLION OF ASSETS IN Q1.  Full Article

Enbridge Declares Quarterly Dividend Of $0.81 Per Common Share
Wednesday, 6 May 2020 

May 5 (Reuters) - Enbridge Inc ::ENBRIDGE INC - DECLARED A QUARTERLY DIVIDEND OF $0.81 PER COMMON SHARE.  Full Article

Canada Energy Regulator - Notified By Enbridge Of An Above Ground Release Of Approximately 150 Cubic Metres Of Sweet Crude Oil.
Saturday, 2 May 2020 

May 1 (Reuters) - The Canada Energy Regulator::CANADA ENERGY REGULATOR - NOTIFIED BY ENBRIDGE OF AN ABOVE GROUND RELEASE OF APPROXIMATELY 150 CUBIC METRES OF SWEET CRUDE OIL..CANADA ENERGY REGULATOR - INCIDENT OCCURRED AT ENBRIDGE'S HERSCHEL PUMP STATION IN SASKATCHEWAN; THERE IS NO RISK TO PUBLIC SAFETY.CANADA ENERGY REGULATOR - ENBRIDGE REPORTED MAJORITY OF SPILL WAS CONTAINED TO CO'S PROPERTY WITH LIMITED OIL MIGRATING TO ADJACENT MUNICIPAL LAND.CANADA ENERGY REGULATOR- SURFACE CLEAN-UP OF OIL SPILL BY ENBRIDGE IS UNDERWAY WITH REMOVAL OF CONTAMINATED SOIL TO FOLLOW.  Full Article

UPDATE 2-Canada's Enbridge beats profit estimates, sees improving Mainline oil volumes

July 29 Canadian pipeline operator Enbridge Inc on Wednesday posted a quarterly profit slightly higher than analysts' estimates and said it sees volumes growing across the Mainline, North America's biggest oil pipeline network.