15:38:51 EDT Tue 23 Apr 2024
Enter Symbol
or Name
USA
CA



Enbridge Inc
Symbol ENB
Shares Issued 1,695,000,042
Close 2018-04-16 C$ 41.00
Market Cap C$ 69,495,001,722
Recent Sedar Documents

FP/CP say TransCanada's XL most likely to go forward

2018-04-17 08:55 ET - In the News

See In the News (C-TRP) TransCanada Corp

The Financial Post reports in its Tuesday edition that after nearly a decade since the last major oil pipeline was built, and with existing ones brimming with crude, Canada's energy industry is wondering when and if any new lifelines to foreign markets will appear. A Canadian Press dispatch to the Post reports that those concerns were heightened last week after Kinder Morgan Canada put its Trans Mountain expansion project on hold until it can be assured British Columbia will not continue trying to block the pipeline. Pipelines heading south to the United States have been propped up by the election of President Donald Trump, who has tied himself closely to the oil and gas industry. Both TransCanada's Keystone XL and Enbridge's Line 3 should avoid the political pitfalls that have sunk Energy East and Northern Gateway, and have put Trans Mountain in doubt, says Wood Mackenzie analyst Zachary Rogers. He now ranks Keystone as the most likely to go forward. Canadian Energy Pipeline Assoc. president Chris Bloomer says: "We really are at a crossroads as to how we go forward as a country. What we're looking for from the federal government is leadership, concrete direction as to where this is going."

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