|Bid||32.79 x 800|
|Ask||32.80 x 900|
|Day's range||32.42 - 33.06|
|52-week range||22.57 - 43.15|
|Beta (5Y monthly)||0.97|
|PE ratio (TTM)||45.54|
|Forward dividend & yield||2.30 (7.07%)|
|Ex-dividend date||14 May 2020|
|1y target est||45.03|
There were no integrity issues with the Line 5 pipeline and it remains safe, Enbridge added. Line 5 ships 540,000 barrels per day of light crude oil and propane and is a critical part of Enbridge's Mainline network, which delivers the bulk of Canadian crude exports to the United States.
Enbridge (NYSE: ENB) and The Williams Companies (NYSE: WMB) are two of the largest oil and gas midstream companies in North America. With Enbridge yielding 7.2% and Williams yielding 8.2% at the time of this writing, both companies seem like attractive options for investors who want a little more than the 2% or so average yield in the S&P 500. Both Enbridge and Williams reaffirmed their initial 2020 guidance despite the downturn in oil and gas prices.
Calgary-based pipeline giant Enbridge (NYSE: ENB) proved its resilience when it posted solid first-quarter results in the midst of the present oil downturn. Now yielding over 7%, Enbridge looks like an attractive stock for income investors if it can continue delivering good results. Let's break down the company's business to see if Enbridge can continue to perform in this challenging environment.
Oil prices have gone on a wild ride this year, taking most oil stocks with them. Crude, however, seems to have found its bottom and has recovered quite a bit of ground over the past month. That's leading many investors to consider buying oil stocks for the next leg of the rebound.
CALGARY , May 19, 2020 /CNW/ - Today, the Canada Energy Regulator (CER) announced that the regulatory process for Enbridge Inc.'s (ENB) (ENB) proposal to offer contracted transportation service on the Mainline pipeline system will proceed in a single phase hearing process that balances the need to address pandemic-related challenges and the Commission's mandate to adjudicate in an appropriately expeditious manner. This information may not be appropriate for other purposes.
North American midstream companies Enbridge (ENB) and TC Energy (TRP) reported better-than-expected Q1 bottom line numbers, while Brazil's Petrobras (PBR) missed earnings estimate.
The durability of the Canadian pipeline giant's operations were on full display during the first quarter.
Enbridge (ENB) delivered earnings and revenue surprises of 21.57% and 5.17%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
CALGARY , May 4, 2020 /CNW/ - Enbridge Inc. (ENB) (ENB) (Enbridge or the Company) announced today that it does not intend to exercise its right to redeem its currently outstanding Cumulative Redeemable Preference Shares, Series 13 (Series 13 Shares) (ENB-PF-E.TO) on June 1, 2020 . As a result, subject to certain conditions, the holders of the Series 13 Shares have the right to convert all or part of their Series 13 Shares on a one-for-one basis into Cumulative Redeemable Preference Shares, Series 14 of Enbridge (Series 14 Shares) on June 1, 2020 . Holders who do not exercise their right to convert their Series 13 Shares into Series 14 Shares will retain their Series 13 Shares.
Enbridge Inc <ENB.TO> said on Monday the Canadian pipeline operator has reached a deal with shippers to temporarily store crude oil in North America's largest oil pipeline network from June 1 and is working with governments to provide additional capacity. Oil companies have been slashing costs and cutting production due to a crash in crude prices and slumping fuel demand due to global restrictions to fight the novel coronavirus pandemic. This has stoked fears that global storage levels are fast approaching capacity.
Enbridge (ENB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Although weak crude prices are likely to have hurt Cenovus Energy's (CVE) Q1 earnings, higher production is expected to have lent support.