ENB.TO - Enbridge Inc.

Toronto - Toronto Delayed Price. Currency in CAD
55.31
-0.10 (-0.18%)
At close: 4:17PM EST
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Previous Close55.41
Open55.04
Bid55.29 x 0
Ask55.35 x 0
Day's Range54.97 - 55.61
52 Week Range43.02 - 57.32
Volume4,333,523
Avg. Volume4,781,546
Market Cap111.992B
Beta (5Y Monthly)1.05
PE Ratio (TTM)21.03
EPS (TTM)2.63
Earnings DateMay 07, 2020 - May 11, 2020
Forward Dividend & Yield3.24 (5.85%)
Ex-Dividend DateFeb. 12, 2020
1y Target Est57.26
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    Q4 2019 Enbridge Inc Earnings Call

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  • The Canadian Press

    Most actively traded companies on the TSX

    TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange:Toronto Stock Exchange (17,848.36, up 27.19 points.)Bombardier Inc. (TSX:BBD.B). Industrials. Down two cents, or 1.2 per cent, to $1.65 on 17.7 million shares.Aurora Cannabis Inc. (TSX:ACB). Health care. Up 10 cents, or 5.1 per cent, to $2.06 on 11.3 million shares.Enbridge Inc. (TSX:ENB). Energy. Up 28 cents, or 0.5 per cent, to $56.03 on 9.3 million shares.Hexo Corp. (TSX:HEXO). Health care. Up 32 cents, or 19.05 per cent, to $2 on 7.5 million shares.Barrick Gold Corp. (TSX:ABX). Materials. Up $1, or 3.98 per cent, to $26.12 on 7.4 million shares.Baytex Energy Corp. (TSX:BTE). Energy. Down two cents, or 1.36 per cent, to $1.45 on 7 million shares. Companies in the news:MTY Food Group Inc. (TSX:MTY). Down $5.05 or 8.45 per cent to $54.68. Quebec-based fast food restaurant chain MTY Food Group Inc. is delaying the release of its quarterly results citing allegations made by a whistleblower employee. The owner of brands such as Thai Express, Tiki-Ming, Tutti Frutti and Valentine said in a statement that the allegations, which have not been publicly disclosed, were "baseless and frivolous." MTY was expected to release its fourth quarter results on Tuesday. A new release date wasn't provided but the company says it expects its financial performance will be released by the regulatory deadline of Feb. 28.Enbridge Inc. — Calgary-based Enbridge Inc. is raising its bets on the growing liquefied natural gas export sector on the U.S. Gulf Coast by buying the pipeline that would supply the proposed Rio Grande LNG export facility. Enbridge says it has agreed to pay US$15 million to NextDecade Corp. to buy the pipeline project, with an additional amount not to exceed US$10 million paid if NextDecade decides to go ahead with the LNG terminal in the Port of Brownsville, Texas. Enbridge would be responsible for building and operating the US$1.2-billion pipeline, which has regulatory approval and capacity of up to 4.5 billion cubic feet per day of gas.Canopy Growth Corp. (TSX:WEED). Up $4.10 or 15.8 per cent to $29.98. Canopy Growth Corp. is planning further cost cutting as it works to achieve positive cash flow and profitability, the cannabis producer's new chief executive said Friday as it reported a $124.17-million loss in its third quarter of 2020. David Klein, who formally became Canopy's CEO in January, said the Ontario-based company has a "lot of work to do" but also has the financial resources to make careful choices. Klein, who had previously been chief financial officer at Constellation Brands, Canopy's largest shareholder, told analysts that "we have to align our resources and investments with the size and growth rate of the market as it exists today."Canopy Rivers Inc. (TSX:RIV). Down five cents or 4.2 per cent to $1.14. Canopy Rivers Inc. says it swung to a loss in its third quarter of 2020 and has withdrawn its full-year guidance over multiple headwinds in the cannabis industry. The venture capital arm of Canopy Growth says it had a net loss of $2.7 million, or one cent per share, for the three months ending Dec. 31, compared with a net income of $1.4 million, or one cent per share, a year earlier. Analysts had expected a net loss of two cents per share, according to financial markets data firm Refinitiv. Canopy Rivers says it has withdrawn its full year guidance because uncertainty created in the industry from unanticipated licensing delays, "reformed views" on the ramp-up time for large-scale cannabis greenhouses, and a general decline in wholesale cannabis prices.This report by The Canadian Press was first published Feb. 14, 2020. The Canadian Press

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    Calgary-based Enbridge Inc. is raising its bets on the growing liquefied natural gas export sector on the U.S. Gulf Coast by buying the pipeline that would supply the proposed Rio Grande LNG export facility.Enbridge says it has agreed to pay US$15 million to NextDecade Corp. to buy the pipeline project, with an additional amount not to exceed US$10 million paid if NextDecade decides to go ahead with the LNG terminal in the Port of Brownsville, Texas.Enbridge would be responsible for building and operating the US$1.2-billion pipeline, which has regulatory approval and capacity of up to 4.5 billion cubic feet per day of gas.On a conference call to discuss fourth-quarter results on Friday, CEO Al Monaco said the U.S. Gulf Coast is a key growth region for Enbridge because of its heavy oil refineries and its role as an export hub for light oil and natural gas."We think the Gulf will be the epicentre of how North America will prosecute its global energy advantage, which is hinged on ultra-low-cost supply feeding growing global energy demand," he said.The company has also struck a deal to supply the Annova LNG facility in Port of Brownsville if it goes ahead, through a US$500-million expansion of its Valley Crossing pipeline system.Enbridge is working with a partner to develop a deep-water offshore crude oil export terminal capable of loading Very Large Crude Carriers (VLCCs) on the Gulf Coast and has announced an oil storage terminal at Houston with ultimate capacity of up to 15 million barrels.The company's Mainline system, which delivers more than 60 per cent of Canada's oil exports into the United States, had record volumes of more than 2.7 million barrels per day in the fourth quarter and full year of 2019, Enbridge reported Friday.It said it succeeded in adding 100,000 bpd in capacity with efficiency and minor expansions by year-end and will move ahead with a plan to add another 50,000 bpd in the same way this year.A 50,000 bpd expansion of its Express Pipeline this year will mean about 200,000 bpd in new Mainline export capacity for western Canadian producers, it added.Enbridge reported putting $7-billion worth of projects into service in the fourth quarter, including the $1.1-billion German Hohe See offshore wind project, the Gray Oak pipeline in Texas, and the Canadian segment of the Line 3 replacement project.Monaco wouldn't speculate on whether Enbridge will be able to go back to construction on the U.S. portion of Line 3 this summer after winning a key Minnesota Public Utilities Commission decision earlier this month. He said its unclear when certain remaining needed permits will be granted.Enbridge reported adjusted earnings of $1.23 billion for the quarter ending Dec. 31, compared with $1.17 billion for the same quarter last year.For the full year, the company says it had adjusted earnings of $5.34 billion, or $2.65 per share, compared with $4.57 billion or $2.65 per share for 2018.Analysts had expected full year adjusted earnings of $5.39 billion or $2.67 per share.Enbridge shares fell by as much as $1.10 or about two per cent to $54.65 in early trading on the Toronto Stock Exchange on Friday morning before recovering midday to $55.62, down 13 cents.This report by The Canadian Press was first published Feb. 14, 2020.Companies in this story: (TSX:ENB) Dan Healing, The Canadian Press

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