06:41:02 EDT Fri 19 Apr 2024
Enter Symbol
or Name
USA
CA



Enbridge Inc
Symbol ENB
Shares Issued 943,186,589
Close 2017-02-17 C$ 54.97
Market Cap C$ 51,846,966,797
Recent Sedar Documents

Globe says Enbridge further diversifies portfolio

2017-02-21 08:13 ET - In the News

The Globe and Mail reports in its Saturday edition that on Friday, Enbridge said it has moved to further diversify its portfolio of oil and gas pipelines throughout Canada and the United States, natural-gas distribution in Ontario, and solar, hydroelectric, geothermal power-generation projects, and wind. The Globe's Jacqueline Nelson writes that the firm confirmed reports that emerged last year that it would take a 49.9-per-cent interest in state-owned German utility EnBW's North Sea offshore wind project. Enbridge said it finalized its purchase this month, and will make a total investment of about $1.7-billion. In releasing its fourth quarter and full 2016 results on Friday, Enbridge reported it had $1.78-billion of net income last year or $1.95 per share. It had $2.08-billion or $2.28 a share of adjusted earnings, after excluding a number of items. In the fourth quarter ended Dec. 31, Enbridge had $365-million of net income or 39 cents a share. Adjusted earnings were $522-million or 56 cents a share. It also said after recovering some amounts from potential shippers, it will take an impairment of $373-million or $272-million after tax on its rejected Northern Gateway project.

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