Enbridge says its oil pipelines will be full through 2020 even without Line 3 [Seeking Alpha]
Enbridge Inc (ENB)
Last enbridge inc earnings: 2/14 07:00 am
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Source: Seeking Alpha
Enbridge says its oil pipelines will be full through 2020 even without Line 3Canada’s biggest pipeline export system isfull and will remain full even if owner Enbridge (NYSE:ENB) succeeds in completing its Line 3 project, CEO Al Monaco said during today's earnings conference call.ENB’s Mainline system delivered record deliveries of 2.73M bbl/day of crude from Alberta to refineries in the U.S. Midwest in December and the system will be full for at least the next three years, Monaco said.“January and February volumes look pretty strong as well and we expect the system will essentially be full for the rest of the year. In fact, we expect that to be the case through 2020, including our Line 3 given growing supply and lack of other pipeline capacity before them,” the CEO said.The news that ENB’s pipelines would remain full until 2020 were aimed at long-term concerns for the mainline system and whether utilization would slip if competing pipeline projects are built.ENB expects regulators in
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ENB
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- 2/9/24 - Beat
ENB
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- 3/22/24 - Form ARS
- 3/22/24 - Form 8-K
- 3/13/24 - Form 8-K
- ENB's page on the SEC website