07:19:16 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Enbridge Inc
Symbol ENB
Shares Issued 2,022,213,981
Close 2019-02-13 C$ 47.57
Market Cap C$ 96,196,719,076
Recent Sedar Documents

Globe says Cenovus lands more commitments for Keystone

2019-02-14 07:12 ET - In the News

See In the News (C-CVE) Cenovus Energy Inc

The Globe and Mail reports in its Thursday edition that Cenovus Energy boss Alex Pourbaix is optimistic that both Enbridge's Line 3 project and TransCanada's Keystone XL pipeline will clear legal hurdles and proceed to completion. The Globe's Shawn McCarthy writes that Cenovus said Wednesday it has secured additional commitments for the Keystone XL line, bringing it to a total of 150,000 barrels per day. Enbridge has approval for the reconstruction of its main export line, but Minnesota is appealing the ruling by its Public Utilities Commission. Enbridge is still projecting to have the rebuilt line in service in the fourth quarter. TransCanada had its federal approval quashed by a court in Montana but expects the Trump administration to renew it, even as it awaits a key ruling on its state permit in Nebraska. The differential between Western Canadian Select and West Texas Intermediate surged to a record $52 (U.S.) a barrel in October, as several factors combined to create a supply glut in Alberta. Pipeline and rail export capacity had failed to keep pace with expanding production in Western Canada, while a major refining customer for Canadian crude south of the border had a lengthy maintenance shutdown.

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