Earnings
June 5, 2020 - AI
New! Atrium Mortgage Investment Corp. Q1-2020 Earnings, Price Target Update .....
June 4, 2020 - MIC
Genworth MI Canada Inc. Q1-2020 Earnings, Price Target Update .....
June 3, 2020 - FC
Firm Capital Mortgage Investment Corp. Q1-2020 Earnings, Price Target Updat .....
May 31, 2020 - TD
TD Bank - Q2-2020 Fiscal Earnings & Price Target Update .....
May 30, 2020 - CM
CIBC - Q2-2020 Earnings & Price Target Forecast .....
May 28, 2020 - BMO
Bank of Montreal - Q2-2020 Earnings, Fiscal 2020 Forecast .....
May 28, 2020 - NA
National Bank of Canada - Q2-2020 Earnings, Price Target Update .....
May 28, 2020 - BNS
Bank of Nova Scotia, Q2-2020 Earnings & Price Target Update .....
Recommendation Changes
CPX, H, QBR.B, AW.UN, SU, more...

Enbridge Inc. Q1-2020 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 $170.2B as Mar-31-2020 compared to $86B as of Dec-31-2016. The significant increase in assets resulted mainly from the acquisition of Spectra Energy in Jul-2017 for $77B, $33B in capital development from 2017-2019 less dispositions of approximately $10B, mainly for the power generation segment. The acquisition of Spectra Energy Inc. transformed Enbridge from an oil pipeline focused company to include natural gas transportation and distribution and expanded their presence in the southern Ontario utilities business. The major capital program has been to expand capacity on Line 3 their mainline oil pipeline. The three year capital development program for 2020-2023 is $10B. They operate in five business segments: oil pipelines contributing 55% of EBIDTA; natural gas pipelines -30%; natural gas utilities-10%; power and transmission-5%. Enbridge delivers an average of 65% of U.S. bound Canadian crude oil exports.

The largest project is still the Canadian and US Mainline Expansion (Line 3) for $9B. Final approvals have been received from all provinces and states except Minnesota.

Financial

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


Login
Username
Password
New Issues & Acquisition
June 5, 2020
New! Coverage Universe - Weekly Price Change: May 29 - June 5, 2020
May 29, 2020
Coverage Universe - Weekly Price Change: May 22-29, 2020
May 22, 2020
Coverage Universe - Weekly Price Change: May 15-22, 2020
May 15, 2020
Coverage Universe - Weekly Price Change: May 8-15, 2020
May 8, 2020
Coverage Universe - Weekly Price Change: May 1-8, 2020
May 1, 2020
Coverage Universe - Weekly Price Change: Apr 24-May 1, 2020
April 24, 2020
Coverage Universe - Weekly Price Change: Apr 17-24, 2020
April 17, 2020
Coverage Universe - Weekly Price Change: Apr 10-17, 2020