|Bid||42.18 x 0|
|Ask||42.28 x 0|
|Day's Range||42.19 - 43.10|
|52 Week Range||37.36 - 51.04|
|Beta (3Y Monthly)||1.37|
|PE Ratio (TTM)||28.28|
|Earnings Date||Nov 2, 2018|
|Forward Dividend & Yield||2.68 (6.36%)|
|1y Target Est||53.24|
In a filing with the U.S. Federal Energy Regulatory Commission (FERC), Enbridge asked to place into service the Wadsworth compressor station in Medina County, Ohio, and the Clyde compressor station in Sandusky County, Ohio. The company said it mechanically completed both stations last week.
Enbridge Inc. (TSX:ENB)(NYSE:ENB) offers an incredible dividend and strong growth prospects. Should recent announcements over the pipeline rupture in B.C. and questions over the controversial Line 3 project be of concern to investors?
It could be the middle of November before repairs are complete on a section of a natural gas pipeline that ruptured and burned earlier this month in central British Columbia, setting off a provincewide effort to reduce gas use. Work to fix the damaged pipeline is underway, and once it is officially cleared to operate, it should be back in service next month, Calgary-based Enbridge said in a statement Friday. "Based on current information, Enbridge estimates that subject to regulatory approval, its 36-inch TSouth line will be repaired by mid-November, back in service at a reduced pressure of 80 per cent of normal operating pressure," the statement said.
Enbridge Inc said on Friday that it is preparing to start construction on a damaged natural gas pipeline in British Columbia and expects it be fixed by mid-November, though it and an adjacent line will both operate at reduced pressure. The pipeline was shut down after it ruptured earlier this month causing gas to ignite, leading to the evacuation of about 100 people in northeast British Columbia and disrupting refinery operations hundreds of miles away in the state of Washington. Enbridge said it expects the 36-inch line to be repaired and operating by mid-November, pending regulator approval, though at 80 percent of its normal pressure.
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Enbridge Inc. (TSX:ENB) (NYSE:ENB) and Altagas Ltd. (TSX:ALA) both provide investors with security and a humungous dividend yield, 6.3% and 10.4% respectively.
The company that owns a natural gas pipeline that ruptured and burned in central British Columbia a week ago says the dust that settled on homes near the blast site does not pose a health risk. FortisBC, which distributes natural gas to about one million homes and businesses in B.C., is urging customers to limit non-essential use of the fuel while the line is shut off and a second, smaller pipeline is running at reduced capacity. The Vancouver Park Board says it is doing its part to reduce consumption by turning down thermostats in parts of city-run buildings where there will be a minimal impact to the public, such as common and staffing areas.
The Canadian oil and gas sector is in a holding pattern in which spending and production growth can't occur until new ways to get products to export markets are found, according to CIBC analyst Jon Morrison. The report bodes poorly for Canada's energy services sector as the industry enters the winter drilling season, its traditionally busiest time of the year as frozen ground allows more access to backcountry sites. "We believe this reality will start to percolate into 2019 capex budgets, with a number of producers likely to delay the issuance of formal guidance until January and then we believe many are likely to announce development programs that show little to no incremental production growth," said Morrison in the report.
The reduction in the amount of gas flowing through the point, however, caused prices at the hub to rocket to their highest since 2014. Enbridge returned a 30-inch (76-centimeter) gas pipe in British Columbia that was shut after a fire on an adjacent 36-inch line on Oct. 9, leading to supply disruptions in British Columbia and Washington.
CALGARY, Oct. 15, 2018 /CNW/ - Enbridge Inc. (TSX:ENB.TO - News) (NYSE:ENB - News) (Enbridge) announced it will move forward with the amalgamation of its Ontario based utilities, Enbridge Gas Distribution Inc. (Enbridge Gas Distribution) and Union Gas Limited (Union Gas), with an expected effective date of January 1, 2019. This decision follows a detailed review of the parameters of the regulatory approval received from the Ontario Energy Board on August 30, 2018, and the approvals of the board of directors of each of Enbridge, Enbridge Gas Distribution and Union Gas.
Enbridge Inc. says it has begun construction of a temporary access road to the site of a natural gas pipeline explosion in Prince George, B.C. An explosion Tuesday knocked out a 91-centimetre line and another pipeline is supplying natural gas on a reduced basis. Enbridge says it has completed soil sampling and preliminary field observations in the area of the blast and found no traces of hydrocarbons in the soil.
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Transportation Safety Board investigators plan to remove pipeline wreckage debris from an explosion site near Prince George, B.C., while the province's major natural gas supplier asked industrial users Friday to continue to conserve natural gas. One of the pipelines was cleared to start shipping gas late Wednesday but on a reduced basis, forcing residents and industrial customers of FortisBC to turn down the heat and cut back on production. "On Thursday, October 11, some industrial customers began being brought back onto the system with a reduced amount of natural gas," said Doug Stout, a spokesman for FortisBC in a statement.
Oil markets appear to have taken a bearish turn as stock market volatility and reports of a significant inventory build from the EIA combined to drag prices down
Enbridge Inc (TSX:ENB)(NYSE:ENB) is one of those truly great Canadian companies, yet these three stocks offer an even better opportunity for investors right now.