07:53:44 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Enbridge Inc
Symbol ENB
Shares Issued 856,712,928
Close 2015-08-14 C$ 55.89
Market Cap C$ 47,881,685,546
Recent Sedar Documents

Globe says Enbridge, others have long wait for refinery

2015-08-17 06:56 ET - In the News

Also In the News (C-TRP) TransCanada Corp

The Globe and Mail reports in its Saturday edition Canada sent almost 1.2 million barrels of unprocessed bitumen a day to the United States last year, or about 60 per cent of daily oil sands production. The Globe's Brent Jang writes the conventional wisdom among Canadian oil producers is that in the years ahead, increasing market access south of the border and expanding to Asia will be crucial to moving bitumen out of landlocked Alberta. Meanwhile in British Columbia, there are high hopes that where Alberta faltered with only one refinery in the works, the West Coast will prevail in producing refined products such as diesel, gasoline and jet fuel. Exporting to Asia is the goal of three B.C. refining projects. Some industry officials believe these projects are a long shot because proponents need to lure financial backers and find a way to win over first nations groups. Another challenge is competing against huge Asian refineries in their own backyard. "If it were economic to have a new refinery, I assure you there would be one," says Ian Anderson, president of Kinder Morgan Canada, which is proposing to expand its Trans Mountain pipeline from the Edmonton area to Burnaby.

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