Enbridge (ENB) Upbeat on Mainline, Aims Full Capacity by 2026
ENBEnbridge(ENB) Zacks Investment Research·2024-03-08 02:46

Enbridge Inc. (ENB) is optimistic about the prospects of its Mainline pipeline system, as Canada oil production is anticipated to grow significantly, potentially surpassing the country's pipeline export capacity by 2026, per a Bloomberg report. During its investor day in New York, Enbridge projected Canada oil production to increase more than half a million barrels per day before 2030. The positive outlook comes despite previous concerns that the Trans Mountain pipeline expansion, which aims to elevate the ...