Earnings
November 15, 2018 - PKI
New! Parkland Fuel Corp - Q3-2018 Earnings & Price Target Update .....
November 13, 2018 - SPB
Superior Plus Corp - Q3-2018 Earnings & Price Target Update .....
November 11, 2018 - GEI
Gibson Energy Inc. Q3-2018 Earnings & Price Target Update .....
November 9, 2018 - KEY
Keyera Corp. Q3-2018 Earnings & Price Target Update .....
November 9, 2018 - DR
Medical Facilities Corp. Q3-2018 and Price Target Update .....
November 8, 2018 - FTS
Fortis Inc. Q3-2018 Earnings - Price Target Update .....
November 7, 2018 - BEP.UN
Brookfield Renewable Energy Partners LP - Q3-2018 Earnings Update .....
November 4, 2018 - ENB
Enbridge Inc. Q3-2018 Earnings & Price Target Update .....
Recommendation Changes
ENB, HSE, ALA, TRP, BCE, more...

Enbridge Inc. Q3-2018 Earnings & Price Target Update

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

Enbridge Inc. (TSX, NYSE:ENB) is a Canadian based energy infrastructure company with assets of $163B at Sept-30-2018 compared to $162B at Dec-31-2017 and $86B as of Dec-31-2016. The increase in assets since Dec-31-2016 resulted mainly from the acquisition of Spectra Energy in Jul-2017, $12B from capital development spending completed for 2017, 7B in 2018.

The $7B includes the US$1.3B NEXUS and US$0.2B TEAL gas pipeline projects that began service in October and the US$1.6B Valley Crossing gas pipeline project that is now complete and in service for November. Asset sales include the receipt of $5.7B from non-core asset sales and $1.8B of sales proceeds expected in 1H-2019. The $22B capital program remains on track. The Minnesota PUC has issued its Written Orders for the Certificate of Need and Route Permit for the Line 3 Replacement Project. Construction activities in Minnesota will commence in Q1-2019, bringing the full project into service in the second half of the year.

For 2019, $13B of assets is forecast to be completed including $9B for the Canadian and US Line 3 replacement program. The acquisition of Spectra Energy Inc. transformed Enbridge from an oil pipeline focused company into natural gas transportation and distribution. They operate in five business segments: oil pipelines contributing 50% of revenues; natural gas pipelines -30%; natural gas utilities; 15%; power and transmission-5%. Enbridge delivers an average of 2.8M barrels of crude oil each day through its Mainline and Express Pipeline; representing 65% of U.S. bound Canadian crude oil exports.

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


Login
Username
Password
New Issues & Acquisition
November 10, 2018
New! Coverage Universe - Weekly Price Changes Nov 2-11, 2018
November 2, 2018
Coverage Universe - Weekly Price Changes Oct 26-Nov 2, 2018
October 26, 2018
Coverage Universe - Weekly Price Changes Oct 19-26, 2018
October 25, 2018
Royal Bank 4.8% Preferred Share New Issue
October 19, 2018
Coverage Universe - Weekly Price Changes Oct 12-19, 2018
October 12, 2018
Coverage Universe - Weekly Price Changes Oct 5-12, 2018
October 6, 2018
Coverage Universe - Weekly Price Changes Sept 28 - Oct 5, 2018
October 2, 2018
Bank of Nova Scotia - 4.85% 5 yr Rate Reset Preferred Shares New Issue