How Successful Investors Get RICH

Learn everything you need to know in 'The Canadian Guide on How to Invest in Stocks Successfully' for FREE from The Successful Investor.

How to Invest In Stocks Guide: Find 10 factors that make your investments safer and stronger.

 I consent to receiving information from The Successful Investor via email. I understand I can unsubscribe from these updates at any time.

Topic: How To Invest

ENBRIDGE INC. $55.89 – Toronto symbol ENB

ENBRIDGE INC. $55.89 (Toronto symbol ENB; Shares outstanding: 860.1 million; Market cap: $46.6 billion; TSINetwork Rating: Above Average; Divd. yield: 3.3%; www.enbridge.com) has received regulatory approval to reverse the flow of crude oil on its Line 9 pipeline between Sarnia, Ontario, and Montreal.

Under the plan, oil will now flow from Sarnia to Montreal. Enbridge will also increase the line’s capacity so it can handle heavy crude from Alberta’s oil sands.

It took longer than expected for regulators to sign off, so the project’s cost jumped to $800 million from its original estimate of $100 million. To put that in context, Enbridge earned $505 million in the latest quarter.

Enbridge is a hold.

Comments

Tell Us What YOU Think

You must be logged in to post a comment.

Please be respectful with your comments and help us keep this an area that everyone can enjoy. If you believe a comment is abusive or otherwise violates our Terms of Use, please click here to report it to the administrator.