11:54:23 EDT Fri 19 Apr 2024
Enter Symbol
or Name
USA
CA



Enbridge Inc
Symbol ENB
Shares Issued 934,234,152
Close 2016-09-09 C$ 58.11
Market Cap C$ 54,288,346,573
Recent Sedar Documents

FP says Enbridge, TransCanada show they have moxie

2016-09-12 07:47 ET - In the News

Also In the News (C-TRP) TransCanada Corp

The Financial Post reports in its Saturday edition that Enbridge and TransCanada, unable to build pipelines at home, have bought them elsewhere. The Post's Diane Francis writes that Enbridge and TransCanada have done two separate deals, valued at $37-billion and $22-billion. These new entities will be headquartered in Calgary, not Houston. That is good news in an otherwise bleak industry, captive in a beleaguered province. However, their astute risk-taking is hardly surprising. Ms. Francis says Canada's oil patch contains more cubic feet of entrepreneurship than does any other industry in Canada. Despite challenges and inept politics at home, they rolled up their sleeves and solved the problem. Their transactions will make them two of the 10 biggest public corporations by market capitalization. The Enbridge-Spectra Energy "colossus" is not a defensive play. The conglomerate will grow organically and will have a portfolio of $26-billion in projects on the go and a planned $48-billion more after 2019. In July TransCanada was involved in a buyout of Houston-based Columbia Pipeline Group. That combination will create a massive gas pipeline network serving the prolific U.S. fracking regions and exporters.

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