TC Energy's oil pipeline spin-off faces obstacles in bet on US Gulf [Yahoo! Finance Canada]
Enbridge Inc (ENB)
Last enbridge inc earnings: 2/14 07:00 am
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Source: Yahoo! Finance Canada
Gulf of Mexico refiners, but the venture faces stiff competition and will carry high debt when it starts up. The South Bow spin-off, which TC investors will vote on June 4, will help Calgary, Alberta-based TC lower its own high debt load and focus on moving natural gas. South Bow's entry comes as Canada, the fourth-largest global oil producer, gains expanded options for moving crude. Rival Trans Mountain opened its expansion last week to draw more barrels to the U.S. West Coast and Asia. ADVERTISEMENT South Bow also faces larger Canadian rival Enbridge, which is pursuing its own U.S. Gulf strategy and owns in Texas the largest U.S. oil storage and export terminal. Gulf exports are not a strong option, however, for South Bow, which has access to third-party marine facilities, said Hillary Stevenson, senior director of energy market intelligence at research organization IIR Energy. The Keystone pipeline, South Bow's signature asset, ships 622,000 barrels per day (bpd) from C
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News
- Enbridge Announces Conversion Results for Series R Preferred SharesPR Newswire
- Most actively traded companies on the Toronto Stock Exchange [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Most actively traded companies on the Toronto Stock Exchange [Yahoo! Finance Canada]Yahoo! Finance Canada
- A Dividend Powerhouse I'd Choose Over Suncor Immediately [Yahoo! Finance Canada]Yahoo! Finance Canada
- Enbridge (ENB) Plans Equity Offering to Fund Major Acquisition [Yahoo! Finance]Yahoo! Finance
ENB
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- 5/10/24 - Beat
ENB
Sec Filings
- 5/15/24 - Form 8-K
- 5/15/24 - Form 424B5
- 5/10/24 - Form 10-Q
- ENB's page on the SEC website