13:58:34 EDT Tue 23 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

FP says Enbridge suspends oil pipe expansion on Line 61

2017-02-21 08:44 ET - In the News

The Financial Post reports in its Saturday edition that Enbridge has paused one of its oil pipeline expansion projects on its Line 61 and is not pursuing shipper commitments on that project. The Post's Geoffrey Morgan writes that Enbridge has budgeted for $27-billion worth of other capital projects, including Friday's announcement of $1.7-billion for an offshore wind farm in Germany, following its merger with Houston-based Spectra Energy, which is expected to close by the end of March. Enbridge, which hiked its quarterly dividend 10 per cent Friday to 58 cents per share, announced it would increase its dividend again in the second quarter following the merger. Enbridge posted relatively flat net earnings for the fourth quarter of last year, pulling in $365-million during the period compared with $378-million at the same time a year earlier. The results were significantly higher for the full-year period, in which Enbridge reported net earnings of $1.7-billion in 2016 compared with a net loss of $37-million in 2015. The additional earnings came primarily from higher earnings on the company's liquids pipelines, where full-year earnings rose 97 per cent from $1.8-billion in 2015 to $3.56-billion in 2016.

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