11:54:16 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Enbridge Inc
Symbol ENB
Shares Issued 856,712,928
Close 2015-09-02 C$ 52.76
Market Cap C$ 45,200,174,081
Recent Sedar Documents

FP says Cenovus in capacity deal with Inter Pipeline

2015-09-03 08:02 ET - In the News

See In the News (C-CVE) Cenovus Energy Inc

The Financial Post reports in its Thursday, Sept. 3, edition that the start of Enbridge's Illinois-to-Oklahoma Flanagan South pipeline, and Enterprise Products Partners' Oklahoma-to-Texas Seaway conduit, that opened up another one million barrels per day of pipeline capacity, cooled producers' interest in trains. The Post's Yadullah Hussain writes that Enbridge's Alberta Clipper expansion of 100,000 bpd was also seen as a direct hit to rail. Cenovus has already fielded "close to a dozen" calls from producers to discuss transporting oil through its newly acquired terminal. Cenovus has already contracted pipeline capacity with Inter Pipeline for deliveries of up to 100,000 bpd of Cold Lake Blend crude oil, and is also connected to Access pipeline through MEG Energy's Stonefell Terminal. Despite oil prices at yearly lows, on Monday Total SA and Husky Energy separately announced new expansions coming on line with a combined volume of 148,000 bpd. Cenovus also expects its production to rise by 100,000 bpd by the end of 2016, giving its latest acquisition strategic importance amid pipeline delays.

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