Enbridge Inc. (ENB) has announced plans to invest $700 million in the construction of crude oil and natural gas pipelines for the recently sanctioned Kaskida oil development in the U.S. Gulf of Mexico. This strategic move comes as part of ENB's ongoing efforts to strengthen its presence in the region, catering to rising global energy demands. The Kaskida oil hub, operated by BP plc (BP) , marks the British oil major's sixth production hub in the Gulf of Mexico. Slated for a 2029 production start, Kaskida wi ...

文章核心观点 - 该文章主要介绍了Enbridge Inc.公司的最新财报和业务情况 [1] - 分析了公司在当前市场环境下的发展机遇和潜在风险 [1] 公司业务概况 - Enbridge Inc.是一家专注于能源基础设施的公司,主要业务包括输油管道、天然气管道和储存等 [1] - 公司在第二季度的收益和营收均有所增长,表现良好 [1] 发展机遇 - 能源需求持续增长,为公司带来发展机遇 [1] - 公司正在积极拓展可再生能源业务,如风电和太阳能等,以把握行业转型趋势 [1] 潜在风险 - 通胀压力和利率上升可能对公司运营成本产生影响 [1] - 地缘政治局势动荡也可能给公司业务带来一定不确定性 [1]

Enbridge Inc. (ENB) announced the completion of its acquisition of Public Service Company of North Carolina, Incorporated ("PSNC") from Dominion Energy, Inc. (D) . The PSNC gas utility, now operating as Enbridge Gas North Carolina, will integrate into Enbridge's Gas Distribution and Storage Business Unit. This acquisition is part of a broader deal involving three U.S.-based gas utilities, first announced in September 2023. ENB Expands Its Customer Base in Growing Markets PSNC is a key regulated gas utility ...

Enbridge has now closed all three gas utility acquisitions from Dominion. Last fall, Enbridge (ENB -0.19%) made a bold strike. The Canadian pipeline and utility giant agreed to buy three natural gas utilities from Dominion in a $14 billion deal. The transaction would create the largest natural gas utility franchise in North America. At the time, Enbridge's CEO Greg Ebel stated, "Adding natural gas utilities of this scale and quality, at a historically attractive multiple, is a once-in-a-generation opportuni ...

HOUSTON, Oct. 3, 2024 /PRNewswire/ - Enbridge Inc. (Enbridge) (TSX: ENB) (NYSE: ENB) announced today that it will build, own, and operate crude oil and natural gas pipelines in the U.S. Gulf of Mexico for the recently sanctioned Kaskida development, operated by BP Exploration & Production Company ("bp"). Enbridge offshore assets (CNW Group/Enbridge Inc.)Enbridge offshore assets (CNW Group/Enbridge Inc.) The crude oil pipeline, named the Canyon Oil Pipeline System ("Canyon Oil"), will be a combination of 24" ...

While the midstream energy sector is less vulnerable to fluctuations in oil and gas prices, the outlook for the Zacks Oil and Gas - Production and Pipelines industry remains uncertain. Reduced capital spending by upstream companies and weak global oil demand could negatively impact the utilization of midstream assets held by companies. Despite the challenges, pipeline players are in a stronger position than upstream and downstream firms, as they benefit from steady, fee-based income through long-term contra ...

In recent years, I have become more discerning as to where I put my hard-earned capital to work. This is because, in the past seven years, I have taken a handful of capital losses with my capital allocation. Hi, my name is Kody. Aside from my four to five weekly articles here on Seeking Alpha, I am also a contributor to Sure Dividend, Dividend Kings, and iREIT on Alpha. I have been investing since September 2017 and interested in dividend investing since about 2009.Since July 2018, I have ran Kody's Dividen ...

Enbridge Inc. (ENB) is currently viewed as relatively expensive, with the stock trading at a 15.56x trailing 12- month enterprise value to earnings before interest, taxes, depreciation, and amortization (EV/EBITDA). This is higher than the broader industry average of 13.50x and more costly than other major midstream companies like Kinder Morgan Inc. (KMI) and Enterprise Products Partners LP (EPD) , which trade at 12.10x and 9.80x EV/EBITDA, respectively. Such a premium valuation generally indicates the mark ...

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These companies have solid records of increasing their dividends amid changing market conditions. After months of speculation, the Federal Reserve has finally started cutting interest rates. Furthermore, the Fed has indicated that it will continue to reduce rates. Falling rates have vast implications. You might have already noticed that your bank lowered the interest rate on your savings account or that the rates on CDs and U.S. Treasuries aren't quite as attractive as they once were. However, while rates o ...