Enbridge Inc.
ENBRIDGE INC. $42.55 (Toronto symbol ENB; Shares outstanding: 825.7 million; Market cap: $35.0 billion; TSINetwork Rating: Above Average; Yield: 3.0%) invested $23.8 million in 2010 for a 20% interest in the 35-megawatt Neal Hot Springs facility in Oregon, which was then under construction....
ENBRIDGE INC. $42 (Toronto symbol ENB; Conservative Growth Portfolio, Utilities sector; Shares outstanding: 1.0 billion; Market cap: $42.0 billion; Price-to-sales ratio: 1.2; Dividend yield: 3.0%; TSINetwork Rating: Above Average; www.enbridge.com) has opened its first geothermal power plant. This facility, which is located near Vale, Oregon, taps into heat from the earth’s core to generate electricity.
Enbridge paid $23.8 million for a 20% stake in this plant. U.S. Geothermal Inc. (New York symbol HTM) owns the other 80%.
Power from geothermal plants is much more reliable than solar and wind projects. That cuts the risk of this investment. As well, the plant has a 25-year deal to sell its electricity to Idaho’s power grid.
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Enbridge paid $23.8 million for a 20% stake in this plant. U.S. Geothermal Inc. (New York symbol HTM) owns the other 80%.
Power from geothermal plants is much more reliable than solar and wind projects. That cuts the risk of this investment. As well, the plant has a 25-year deal to sell its electricity to Idaho’s power grid.
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BLACKBERRY LTD., $8.28, Toronto symbol BB, has accepted a $9.00 U.S.-a-share takeover offer from a consortium led by Fairfax Financial Holdings (Toronto symbol FFH). Fairfax is the smartphone maker’s largest investor, with roughly 10% of its outstanding shares. This tentative agreement gives BlackBerry until November 4, 2013, to secure a better deal. It will also give Fairfax and its potential partners time to examine BlackBerry’s financial condition. If BlackBerry accepts a rival offer, it will have to pay a $157.2-million U.S. break fee to Fairfax. That fee would rise to around $262 million U.S. if the company signs a binding deal with Fairfax and does not go through with it. However, Fairfax would not have to pay a fee if it cancels the deal....
ENBRIDGE INC. $42 (Toronto symbol ENB; Conservative Growth Portfolio, Utilities sector; Shares outstanding: 1.0 billion; Market cap: $42.0 billion; Price-to-sales ratio: 1.2; Dividend yield: 3.0%; TSINetwork Rating: Above Average; www.enbridge.com) has opened its first geothermal power plant....
BCE INC. $44.58 (Toronto symbol BCE; Shares outstanding: 775.9 million; Market cap: $34.8 billion; TSINetwork Rating: Above Average; Yield: 5.2%; www.bce.ca) has gained in response to U.S.-based Verizon Communications’ (New York symbol VZ) announcement that it will not enter the Canadian wireless market right now (see box below).
BCE is Canada’s second-largest wireless carrier, with 7.72 million subscribers....
BCE is Canada’s second-largest wireless carrier, with 7.72 million subscribers....
The U.S. is the sole country worldwide that requires its citizens to file an income tax return and report any income regardless of where they live or whether they hold dual citizenship in another country. That’s unlike Canada, which mainly bases its tax system on country of residence, like most other nations. The U.S. Internal Revenue Service (IRS) estimates that five to seven million American citizens reside abroad. Of that total, about one million live in Canada. Most U.S. citizens paying income taxes in Canada pay no additional U.S. income tax. However, they still have U.S. tax filing and compliance requirements....
ENBRIDGE INC. $43 (Toronto symbol ENB; Conservative Growth Portfolio, Utilities sector; Shares outstanding: 826.0 million; Market cap: $35.5 billion; Price-to-sales ratio: 1.3; Dividend yield: 2.9%; TSINetwork Rating: Above Average; www.enbridge.com) is extending its Woodland pipeline, which will let it pump more bitumen from the recently opened Kearl oil sands project in northern Alberta to refineries and other pipelines in Edmonton. Imperial Oil (see above) owns 71% of Kearl; Exxon owns the remaining 29%.
The company will spend $1.3 billion on this project, which should begin operating in the third quarter of 2015.
Enbridge is a buy.
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The company will spend $1.3 billion on this project, which should begin operating in the third quarter of 2015.
Enbridge is a buy.
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IMPERIAL OIL LTD. $42 (Toronto symbol IMO; Conservative Growth Portfolio; Resources sector; Shares outstanding: 848.0 million; Market cap: $35.6 billion; Price-to-sales ratio: 1.2; Dividend yield: 1.1%; TSINetwork Rating: Average; www.imperialoil.ca) has teamed up with its parent company, ExxonMobil Corp....
Exchange-traded funds (ETFs) are set up to mirror the performance of a stock-market index or subindex. They hold a more-or-less fixed selection of securities that represent the holdings that go into the calculation of the index or sub-index.
ETFs trade on stock exchanges, just like stocks....
ETFs trade on stock exchanges, just like stocks....
ENBRIDGE INC. $44.53 (Toronto symbol ENB; Shares outstanding: 809.3 million; Market cap: $36.3 billion; TSINetwork Rating: Above Average; Dividend yield: 2.8%; www.enbridge.com) has shut down three of its oil pipelines near Fort McMurray, Alberta, after heavy rain weakened the ground beneath one of them, causing a minor spill.
The company has since reopened two of these lines and expects to restart the third in the next few days. The shutdown is costing Enbridge about $1 million a day in lost revenue. To put that in context, the company’s revenue was $8.0 billion, or over $89 million a day, in the first three months of 2013.
Enbridge is a buy.
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The company has since reopened two of these lines and expects to restart the third in the next few days. The shutdown is costing Enbridge about $1 million a day in lost revenue. To put that in context, the company’s revenue was $8.0 billion, or over $89 million a day, in the first three months of 2013.
Enbridge is a buy.
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