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Enter Symbol
or Name
USA
CA



Enbridge Inc
Symbol ENB
Shares Issued 851,644,421
Close 2015-02-23 C$ 61.21
Market Cap C$ 52,129,155,009
Recent Sedar Documents

Van Sun says Enbridge looks at smaller projects

2015-02-23 07:08 ET - In the News

The Vancouver Sun reports in its Saturday edition Enbridge is exploring several low-cost expansions to its pipelines to keep crude oil moving while various larger-scale pipeline proposals remain mired in legal and regulatory delays. The unbylined item quotes Guy Jarvis, the company's president of liquids pipelines, as saying Friday: "All of these involve relatively small, low cost, bolt-on projects that can be staged in increments as required to meet shipper needs. For that reason, we think that they will be attractive in a lower (oil) price, lower supply scenario, or even just in the face of greater uncertainty about oil prices." One of the initiatives the company is considering is an expansion to the refining area on the eastern Gulf Coast, a project that was first announced in 2013 and expected to be in service this year. It would involve reversing an existing stretch of pipeline that runs between Patoka, Ill., and St. James, La. "The project didn't succeed because we were unable to secure customer support for it at that time," Mr. Jarvis said, adding the company is now exploring several other small expansions in light of the decline in crude prices and the delays facing larger pipeline projects.

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