Earnings
May 20, 2018 - FRU
New! Freehold Royalties Ltd - Q1-2018 Earnings & Price Trend Update .....
May 18, 2018 - ARX
New! Arc Resources Inc. Q1-2018 Earnings & Price Trend Upate .....
May 18, 2018 - EXE
New! Extendicare Inc. - Q1-2018 Earnings & Price Trend Update .....
May 15, 2018 - NFI
NFI Group Inc. Q1-2018 Earnings & Price Trend Update .....
May 14, 2018 - DR
Medical Facilities Corp. Q1-2018 and Price Trend Update .....
May 13, 2018 - ENF
Enbridge Income Fund Holdings Inc. Q1-2018 Earnings & Price Trend Update .....
May 11, 2018 - ENB
Enbridge Inc. Q1-2018 Earnings & Price Trend Update .....
May 10, 2018 - KEY
Keyera Corp - Q1-2018 Earnings & Price Trend Update .....
Recommendation Changes
KWH.UN, ALA, PZA, DRG.UN, MIC(US), more...

Enbridge Income Fund Holdings Inc. Q1-2018 Earnings & Price Trend Update

This is only a sample of the article, please login to view the entire article

Enbridge Income Fund Holding Inc. (ENF-TSX) business is comprised of its ownership interest in the Enbridge Income Fund valued at $4.9B as of Mar-31-2018.($5.2B Dec/31/2017). Enbridge Income Fund's assets consist of a portfolio of Canadian liquids transportation and storage businesses, including the 2,306-kilometre Canadian segment of the Mainline System (Line 3), the largest conduit of oil into the United States, the Regional Oil Sands System, the Canadian segment of the Southern Lights Pipeline, Class A units entitling the holder to receive defined cash flows from the US segment of the Southern Lights Pipeline, a 50% interest in the Alliance Pipeline(natural gas) and interests in more than 1,400 megawatts of renewable and alternative power generation capacity. On May-9-2018, Enbridge Income Fund sold a 49% interest to the Canadian Pension Plan Investment Board in wind and solar facilities for $1.05B. Enbridge Income Fund will continue to own a 51% interest and will continue to manage, operate and provide administrative services. The fund will utilize the proceeds to redeem Fund Units and pay back debt. There are no plans to use any proceeds to redeem publicly held shares of ENF at this time. Their major capital expenditure in process is the expansion of the Canadian portion of Enbridge's Mainline (Line 3) scheduled for completion in 2H-2019.

The Enbridge Income Fund Group operates in three segments with 84% of income from Liquids Pipelines and the balance split between Natural Gas Pipelines and Processing and Power Generation mainly from wind power.

As at Dec-30-2017, Enbridge Inc.(ENB) owns an approximate 80% economic interest in the Enbridge Income Fund LP and Enbridge Income Fund Holding (ENF) owns 20%.

You must be a member to view the entire article, please subscribe or login


Login
Username
Password
New Issues & Acquisition
May 18, 2018
New! Coverage Universe - Weekly Price Changes May 11-18, 2018
May 17, 2018
New! Intact Financial Corp. 4.9% Rate Reset Preferred Share New Issue
May 17, 2018
New! Emera Inc. 4.9% Minimum Rate Reset Preferred Shares New Issue
May 12, 2018
Coverage Universe - Weekly Price Changes May 4--11, 2018
May 5, 2018
Coverage Universe - Weekly Price Changes Apr 27-May 4, 2018
April 27, 2018
Coverage Universe - Weekly Price Changes Apr 20-27, 2018
April 20, 2018
Coverage Universe - Weekly Price Changes Apr 13-20, 2018
April 13, 2018
Coverage Universe - Weekly Price Changes Apr 6 - Mar 13, 2018