07:36:20 EDT Fri 26 Apr 2024
Enter Symbol
or Name
USA
CA



Enbridge Inc
Symbol ENB
Shares Issued 929,112,973
Close 2016-05-13 C$ 51.70
Market Cap C$ 48,035,140,704
Recent Sedar Documents

Van Sun/CP say Enbridge sees normal volume returning

2016-05-13 06:58 ET - In the News

The Vancouver Sun reports in its Friday edition that Enbridge's regional pipeline system for the Alberta oil sands will likely be back to full capacity within a matter of days, given the diminished wildfire risk. A Canadian Press dispatch to The Sun quotes Enbridge as saying that it reduced the pipeline system's capacity as a precaution by about 900,000 barrels per day on May 4. Enbridge says it cannot accurately estimate the impact of the disruption on its financial performance but it is not expected to have a significant effect on its 2016 full-year results. The comment was included with Enbridge's first quarter report, ahead of the company's annual shareholders meeting Friday. In the first quarter ended March 31, Enbridge had a $1.2-billion profit for shareholders or $1.38 per share -- including the positive impact of currency fluctuations. Its adjusted earnings rose to $663-million or 76 cents per share. In the 2015 first quarter, Enbridge had a $383-million loss or 46 cents per share including currency fluctuations, and $468-million or 56 cents per share of adjusted earnings. Enbridge closed Thursday at $51.69, up 44 cents on the Toronto Stock Exchange.

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