06:32:51 EDT Sat 20 Apr 2024
Enter Symbol
or Name
USA
CA



Enbridge Inc
Symbol ENB
Shares Issued 1,638,650,944
Close 2017-06-08 C$ 51.77
Market Cap C$ 84,832,959,371
Recent Sedar Documents

Globe says Enbridge to expand overseas energy delivery

2017-06-09 06:28 ET - In the News

The Globe and Mail reports in its Friday, June 9, edition that Enbridge says it will put new focus on capitalizing on the demand for billions of dollars in energy infrastructure needed to help move growing North American oil and natural gas supplies to overseas markets in the decades ahead. The Globe's Kelly Cryderman writes that chief executive officer Al Monaco outlined the plan even as the development of export facilities between the United States and Canada continues to diverge. The two countries have a highly integrated energy market and production is growing on both sides of the border. However, U.S. exports to customers beyond North America continue to grow while new Canadian-based projects to ship to Asia or other global markets have been stymied by regulatory delays, environmental opposition and sluggish demand. Getting oil and natural gas to foreign markets has become crucial for North American energy companies. The U.S. is the world's No. 1 energy consumer, but is changing into the role of exporter. Technological breakthroughs, decreased costs and the resulting increase in U.S. oil and gas production has transformed global energy markets, and has contributed to the three-year trough in prices.

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