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Enbridge Inc. (ENB)
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Enbridge Outperform Rating Maintained by Credit Suisse as Line 3 Replacement Nears CompletionMT NEWSWIRES - 11:08 AM ET
11:07 AM EDT, 09/23/2021 (MT Newswires) -- Credit Suisse on Thursday reiterated its outperform rating on the shares of Enbridge (ENBA) with a C$55.00 target price following meetings with the pipeline and power company's management.
"In a virtual format today, we discussed a range of issues with the Enbridge Inc. (ENBA) management team," the investment bank said in a note. "From our perspective, ENB is about to enter a period of de-risked cash flows arising primarily from the soon-to-be online and long-awaited Line 3 Replacement (L3R) Project. We believe L3R has a number of cascading consequences across Western Canadian energy eco-system along with delivering positive financial benefits for ENB. To us, the dissipation of regulatory angst (albeit not entirely gone) should help re-focus on the company's fundamentals and financials - both of which are becoming more positive."
(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here:
Price: 50.67, Change: +0.25, Percent Change: +0.50
Investors can buy Enbridge’s shares for $50 cad gets you $3.34 dividends per year
That’s amazing if know how to build wealth
Canadian company Enbridge (NYSE:ENB) has increased its dividend for 26 consecutive years. Enbridge doubled its 2014 per share dividend of 1.40 Canadian dollars in five years by 2019. However, much of that increase came from the company's 2015 boost of 33% to CA$1.86 per share. Enbridge hasn't yet doubled that dividend. It should be more than double in 2022 -- which increases the time to double to seven years.
Who else is holding long term?
New to ENB, so far so good. Sold off EPD after a long position. I am also in PSXP and XOM. One of them has to go. Anybody got a favorite amongst the two?
It is interesting to read how the US is importing an increasing volume of oil from Russia rather than allow a pipeline to be built and import the oil from Canada
The path to 60$ is underway..
Enbridge (ENB) Outpaces Stock Market Gains:
Enbridge (ENB) closed the most recent trading day at $40.14, moving +0.85% from the previous trading session. The stock outpaced the S&P 500's daily gain of 0.23%.
Coming into today, shares of the oil and natural gas transportation and power transmission company had gained 1.56% in the past month. In that same time, the Oils-Energy sector lost 1.34%, while the S&P 500 gained 0.65%.
ENB will be looking to display strength as it nears its next earnings release. In that report, analysts expect ENB to post earnings of $0.46 per share. This would mark year-over-year growth of 27.78%.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $2.23 per share and revenue of $36.58 billion. These totals would mark changes of +23.2% and +25.05%, respectively, from last year.
Fact sheets and brochures
(natural gas operations)
Enbridge's natural gas pipeline network moves about 20% of all gas consumed in the U.S.
Our gas transmission and midstream pipelines cover about 23,850 miles (38,375 kilometers) in 30 U.S. states, five Canadian provinces and offshore in the Gulf of Mexico—stretching from the far northeast corner of British Columbia to the southern tip of Texas, across to Florida and up into New England and the Atlantic provinces.
Top pick from a few analysts just picked up a massive position here
Enbridge agrees with EnCap on a $3 billion deal to acquire crude export terminal Ingleside Energy Center....
Enbridge Inc. ENB, +0.53% ENB, +0.32% announced Tuesday an agreement with EnCap Flatrock Midstream to buy Moda Midstream Operating LLC in a cash deal valued at $3.0 billion. Enbridge expects the deal to "immediately and strongly" add to cash flow and earning to share upon closing, which is expected to occur in the fourth quarter of 2021. Under terms of the deal, Enbridge will acquire a 100% interest in the Ingleside Energy Center near Corpus Christi, Texas, which Enbridge said is North America's largest crude export terminal. Enbridge said it will also acquire a 20% interest in the Cactus II Pipeline, a 100% interest in the Viola pipeline and a 100% interest in the Taft Terminal. "With close proximity to world-class Permian reserves, and with cost effective and efficient export infrastructure, our new Enbridge Ingleside terminal will be critical to capitalizing on North America's energy advantage," said Enbridge Chief Executive Al Monaco. Enbridge's stock, which edged up 0.1% in premarket trading, has rallied 25.1% year to date, while the SPDR Energy Select Sector ETF XLE, -0.57% has run up 28.3% and the S&P 500 SPX, -0.03% has advanced 20.8%
60 by EOY lets go
5000 shares in and I haven't sold a single one of them in 3 years 😎 babyyy let's go to the moon.
Michigan tells court more Line 5 mediation talks with Enbridge would be unproductive
Is it a good time to buy some shares? I currently own 8 i know its not a lot but its a start! So should i buy more?
Adding 500 more shares. yassss bb
Will this ever cross $51 CAD and stay there?
Plenty of growth ahead:
Reuben Gregg Brewer (Enbridge): Finding a fat yield is easier than finding a great company that happens to have a fat yield. But Canadian midstream giant Enbridge is just such a find. Not only does that stock offer a generous 6.7% dividend yield, but the dividend has been increased annually for 26 consecutive years.
You don't get into the Dividend Aristocrat space by accident; Enbridge runs a great business and runs it well. Roughly 54% of EBITDA comes from oil pipelines, 29% from natural gas pipelines, 14% from a natural gas utility business, and 3% from renewable power operations. The vast majority of its business is fee based or regulated, which provides for consistent performance regardless of commodity price volatility. And it is positioning itself to use cash flows from dirtier carbon energy sources to invest in cleaner options, so it can change along with the world around it.
Growth, meanwhile, comes largely from construction. And on that front, Enbridge shines, with plans to deploy between $4 billion and $6 billion in cash on an annualized basis for the foreseeable future. That spending, in turn, is expected to drive 5% to 7% distributable cash flow growth (dividend growth should trail along slightly behind that). In other words, high-yield Enbridge has a great history and likely a great future, too. The best part, however, could be that the yield is toward the high end of its historical range, suggesting that the stock is on sale today.
Enbridge, which already handles about a quarter of all crude produced in North America, is betting on a strong outlook for exports of oil pumped from the Permian and Eagle Ford shale basins. The fracking revolution has not only revived U.S. oil production over the past decade, it has turned the country into one of the largest shippers of the commodity.
“Our strategy is driven by the important role that low cost, sustainable North America energy supply will play in meeting growing global demand,” Enbridge Chief Executive Officer Al Monaco said in the statement.
Hello, new to this thread. Not new to USA and Canadian MLP’s and all energy. Kudos to intellectual quality of Posts, Amazingly fast-reporting of ENB-Moda (posted here before USA major MLP employees knew!) , and a sprinkling of welcome humor.
While reading the ENB-Moda post, I did not know what “If SPOT is approved …” I was unfamiliar with SPOT acronym. If anyone else is unfamiliar, I know it now: Sea Port Offshore Terminal. Makes sense in context of the good Post. Thanks
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