16:56:09 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Enbridge Inc
Symbol ENB
Shares Issued 848,883,161
Close 2015-01-19 C$ 56.02
Market Cap C$ 47,554,434,679
Recent Sedar Documents

Van Sun says Enbridge helps double shipments to Texas

2015-01-19 07:12 ET - In the News

Also In the News (C-TRP) TransCanada Corp

The Vancouver Sun reports in its Saturday edition Natural Resources Minister was in Texas on Friday to celebrate the opening of two new pipelines that will increase the flow of Alberta crude to the United States. A Canadian Press dispatch to The Sun says speaking to reporters by teleconference from the end point of the newly expanded Seaway pipeline, Greg Rickford said the completion of that project, combined with the recently finished Flanagan South pipeline to the north, will help double Canadian shipments to the Gulf Coast to 400,000 barrels a day this year. Both are Enbridge projects. Mr. Rickford noted the United States is pumping huge amounts of crude from deposits in North Dakota and Texas. That production, in part, has led to collapse in oil prices to below $50 (U.S.) a barrel. "We see new opportunities in Europe and the Pacific basin. These are countries and markets that are have already invested heavily in our energy sector in Canada and find great appeal in the political and economic stability in Canada," said Mr. Rickford. "There is no question that market diversification for Canada means creating new opportunities for new markets and moving away from an overreliance to one single customer."

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