enbridge
PLEASE NOTE: This is our last Hotline for 2013. Our next Hotline will go out on Friday, January 3, 2014. ENBRIDGE INC., $45.35, Toronto symbol ENB, has won regulatory approval for its Northern Gateway pipeline. Northern Gateway will pump crude from Alberta’s oil sands to Kitimat, B.C. From there, tankers would ship the oil to customers in Asia....
Growth by acquisition can be risky, as newly purchased companies may develop unforeseen problems, especially in an unsettled economy. Today we look at how growth by acquisition is working for two pipeline companies we cover regularly in our advisory on conservative investing, Canadian Wealth Advisor. ...
ENBRIDGE INC. $43 (www.enbridge.com) has raised its quarterly dividend by 11.1%, to $0.35 a share from $0.315. The new annual rate of $1.40 yields 3.3%. The company expects to start operating several new oil pipelines in the next few months. As a result, its earnings should rise from a projected $1.79 a share in 2013 to between $1.84 and $2.04 a share in 2014....
Growth by acquisition can be risky, as newly purchased companies may develop unforeseen problems, especially in an unsettled economy. But Pembina lowered that risk with last year’s purchase of a rival in a business where it’s already a leader. Pembina will now focus on building its own projects....
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. $43.26 (Toronto symbol ENB; Shares outstanding: 828.2 million; Market cap: $36.1 billion; TSINetwork Rating: Above Average; Dividend yield: 2.9%) has announced that U.S.-based Marathon Petroleum Corp. (New York symbol MPC) will invest in its proposed Sandpiper pipeline, which would pump oil from North Dakota’s Bakken shale formation to U.S....
ENBRIDGE INC., $43.71, Toronto symbol ENB, announced this week that U.S.-based Marathon Petroleum Corp. (New York symbol MPC) will invest in its proposed Sandpiper pipeline, which would pump oil from North Dakota’s Bakken shale formation to U.S. refineries. Under the deal, Marathon will cover $975 million (37.5%) of Sandpiper’s $2.6-billion cost. In exchange, Marathon will get a 27% stake in Enbridge’s North Dakota pipeline system. Enbridge’s share of Sandpiper’s cost is $1.625 billion. That’s equal to 1.5 times the $1.1 billion, or $1.33 a share, that it earned in the nine months ended September 30, 2013....
SUNCOR ENERGY INC., $36.80, Toronto symbol SU, announced this week that it will develop its Fort Hill oil sands property north of Fort McMurray, Alberta. Suncor owns 40.8% of Fort Hills, and will operate the project. Total S.A. of France owns 39.2%, while Teck Resources (see below) holds the remaining 20.0%. Fort Hills’ reserves should last 50 years. The company will contribute $5.5 billion to Fort Hills’ $13.5-billion cost. The project should begin operating in the fourth quarter of 2017. It should ultimately produce 180,000 barrels a day; Suncor’s share is 73,440 barrels. To put that in context, Suncor’s average daily production in the third quarter of 2013 rose 11.2%, to 595,000 barrels of oil equivalent from 535,300 barrels a year earlier....
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. U.S. Geothermal (New York symbol HTM) owns the other 80%.
The plant, which taps into heat from below the earth’s crust, has now started up.
The renewable energy facility is a small one for pipeline operator Enbridge, which also owns 12 wind farms and four solar plants. But these should help deflect criticism from environmentalists opposed to some of its pipelines, as well as let it steadily diversify into power generation.
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The plant, which taps into heat from below the earth’s crust, has now started up.
The renewable energy facility is a small one for pipeline operator Enbridge, which also owns 12 wind farms and four solar plants. But these should help deflect criticism from environmentalists opposed to some of its pipelines, as well as let it steadily diversify into power generation.
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