CALGARY, AB, Oct. 4, 2024 /PRNewswire/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge or the Company) will host a conference call and webcast to provide a business update and review 2024 third quarter results on November 1, 2024, at 7 a.m. MT (9 a.m. ET). The conference call format will include prepared remarks from the executive team, followed by a question-andanswer session for the analyst and investor community only. Enbridge's media and investor relations teams will be available after the call for any ...

Enbridge Inc. (ENB) has announced plans to invest $700 million in the construction of crude oil and natural gas pipelines for the recently sanctioned Kaskida oil development in the U.S. Gulf of Mexico. This strategic move comes as part of ENB's ongoing efforts to strengthen its presence in the region, catering to rising global energy demands. The Kaskida oil hub, operated by BP plc (BP) , marks the British oil major's sixth production hub in the Gulf of Mexico. Slated for a 2029 production start, Kaskida wi ...

I previously covered Enbridge Inc. (NYSE: ENB ) back in August with a focus on reviewing its Q2 earnings report. Under the title of " Enbridge: Catalysts Galore ," I analyzed both the headwinds and As you can tell, our core style is to provide actionable and unambiguous ideas from our independent research. If your share this investment style, check out Envision Early Retirement. It provides at least 1x in-depth articles per week on such ideas. We have helped our members not only to beat S&P 500 but also avo ...

Enbridge Inc. (ENB) announced the completion of its acquisition of Public Service Company of North Carolina, Incorporated ("PSNC") from Dominion Energy, Inc. (D) . The PSNC gas utility, now operating as Enbridge Gas North Carolina, will integrate into Enbridge's Gas Distribution and Storage Business Unit. This acquisition is part of a broader deal involving three U.S.-based gas utilities, first announced in September 2023. ENB Expands Its Customer Base in Growing Markets PSNC is a key regulated gas utility ...

Enbridge has now closed all three gas utility acquisitions from Dominion. Last fall, Enbridge (ENB -0.19%) made a bold strike. The Canadian pipeline and utility giant agreed to buy three natural gas utilities from Dominion in a $14 billion deal. The transaction would create the largest natural gas utility franchise in North America. At the time, Enbridge's CEO Greg Ebel stated, "Adding natural gas utilities of this scale and quality, at a historically attractive multiple, is a once-in-a-generation opportuni ...

HOUSTON, Oct. 3, 2024 /PRNewswire/ - Enbridge Inc. (Enbridge) (TSX: ENB) (NYSE: ENB) announced today that it will build, own, and operate crude oil and natural gas pipelines in the U.S. Gulf of Mexico for the recently sanctioned Kaskida development, operated by BP Exploration & Production Company ("bp"). Enbridge offshore assets (CNW Group/Enbridge Inc.)Enbridge offshore assets (CNW Group/Enbridge Inc.) The crude oil pipeline, named the Canyon Oil Pipeline System ("Canyon Oil"), will be a combination of 24" ...

While the midstream energy sector is less vulnerable to fluctuations in oil and gas prices, the outlook for the Zacks Oil and Gas - Production and Pipelines industry remains uncertain. Reduced capital spending by upstream companies and weak global oil demand could negatively impact the utilization of midstream assets held by companies. Despite the challenges, pipeline players are in a stronger position than upstream and downstream firms, as they benefit from steady, fee-based income through long-term contra ...

In recent years, I have become more discerning as to where I put my hard-earned capital to work. This is because, in the past seven years, I have taken a handful of capital losses with my capital allocation. Hi, my name is Kody. Aside from my four to five weekly articles here on Seeking Alpha, I am also a contributor to Sure Dividend, Dividend Kings, and iREIT on Alpha. I have been investing since September 2017 and interested in dividend investing since about 2009.Since July 2018, I have ran Kody's Dividen ...

Enbridge Inc. (ENB) is currently viewed as relatively expensive, with the stock trading at a 15.56x trailing 12- month enterprise value to earnings before interest, taxes, depreciation, and amortization (EV/EBITDA). This is higher than the broader industry average of 13.50x and more costly than other major midstream companies like Kinder Morgan Inc. (KMI) and Enterprise Products Partners LP (EPD) , which trade at 12.10x and 9.80x EV/EBITDA, respectively. Such a premium valuation generally indicates the mark ...

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