08:14:05 EDT Mon 06 May 2024
Enter Symbol
or Name
USA
CA



Enbridge Inc
Symbol ENB
Shares Issued 2,125,954,360
Close 2024-04-25 C$ 49.52
Market Cap C$ 105,277,259,907
Recent Sedar Documents

FP says Enbridge, rival hear TMX to open May 1

2024-04-25 09:22 ET - In the News

Also In the News (C-TRP) TC Energy Corp

The Financial Post reports in its Thursday, April 25, edition that Canada is just a week away from the commercial start of a new pipeline that was initially proposed 12 years ago. The Post's Naimul Karim writes that after billions of dollars worth of cost revisions and other hurdles the 1,150-kilometre pipeline, owned by the federal government's Trans Mountain Corp., will be operational. Oil is already flowing in some sections, but all shippers will be subject to the new tariff and tolls starting next month. The pipeline connects Alberta and British Columbia with a capacity of 590,000 barrels per day. The long-awaited opening is scheduled for May 1, and it is a significant development for Trans Mountain pipeline, according to chief financial officer Mark Maki. "The whole employee population here at Trans Mountain is super excited about the start-up of the line. I ran into a fellow in the elevator today and he was talking about where the oil column was in terms of the system. So, everybody is very attuned to what's going on." The new pipeline is part of the company's expansion project, which will twin with an existing line built in 1953 that already transfers about 300,000 barrels of oil per day.

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