07:32:19 EDT Wed 08 May 2024
Enter Symbol
or Name
USA
CA



Enbridge Inc
Symbol ENB
Shares Issued 848,883,161
Close 2015-01-22 C$ 61.40
Market Cap C$ 52,121,426,085
Recent Sedar Documents

FP/wire say Enbridge pipelines nearing full capacity

2015-01-23 08:19 ET - In the News

The Financial Post reports in its Friday, Jan. 23, edition that Enbridge is nearing full capacity for light crudes on its North American pipeline system and expects crude-by-rail shipments from Western Canada to continue to rise, the head of its pipeline division said on Thursday. A Reuters dispatch to the Post reports that Guy Jarvis, speaking at an investment conference in Whistler, B.C., said Enbridge expects production from Western Canada will continue to rise despite low oil prices, squeezing available space on its network, which takes the bulk of Canada's exports to the United States. Mr. Jarvis said Enbridge, which has been rationing space for heavy crudes "for many, many months" is now also approaching its maximum capacity for light crude as well, forcing more producers to reach refineries with rail shipments, which the company expects to climb to 500,000 barrels per day before new lines are completed. Enbridge shares soared $1.53 to close Thursday in Toronto at $61.40. The Post's Claudia Cattaneo reported on Dec. 5, 2014, that Enbridge was poised for growth. Its shares were then worth $60.04.

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