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Enbridge, Inc - ENB STOCK NEWS

Welcome to our dedicated page for Enbridge news (Ticker: ENB), a resource for investors and traders seeking the latest updates and insights on Enbridge stock.

Enbridge Inc. (symbol: ENB) is a multinational pipeline and energy company headquartered in Calgary, Alberta, Canada. The company owns and operates an extensive network of pipelines that transport crude oil, natural gas, and natural gas liquids across Canada and the United States. Enbridge's core business revolves around its robust pipeline infrastructure, including the Canadian Mainline system, regional oil sands pipelines, and multiple natural gas pipelines.

The company also operates a regulated natural gas utility and is the proprietor of Canada's largest natural gas distribution company. Enbridge is diversifying its energy portfolio with investments in renewable energy projects, primarily focused on onshore and offshore wind projects. Notably, the company is involved in key renewable projects like the Fécamp Offshore Wind Farm in France, which was recently inaugurated and is capable of powering 770,000 homes.

Financially, Enbridge has demonstrated stability and growth. The company recently reported strong financial performance for Q1 2024, with high utilization across its systems and significant milestones such as the acquisition of The East Ohio Gas Company. Enbridge maintains a solid balance sheet and a history of predictable financial results, reaffirming its guidance for 2024.

Enbridge places a high priority on sustainability and community development. The company supports numerous environmental and community initiatives, including the Fueling Futures grants program. Enbridge is committed to achieving net-zero greenhouse gas emissions by 2050 and is investing in advanced technologies such as hydrogen, renewable natural gas, and carbon capture and storage.

Recent developments include the commencement of a binding open season for an expansion of the Gray Oak Pipeline, which could add up to 120,000 barrels per day of capacity. Enbridge is also progressing on several other projects aimed at enhancing its infrastructure and meeting rising energy demands. The company continues to be a pivotal player in the energy sector, driving both conventional and renewable energy innovations.

News

Enbridge Provides Notice of Series P Preferred Shares Conversion Right and Announces Reset Dividend Rates

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Enbridge Inc. announces that it will not redeem its outstanding Cumulative Redeemable Preference Shares, Series P, allowing holders to convert them into Series Q Shares. The new annual dividend rate for Series P Shares for the five-year period starting on March 1, 2024, will be 5.918 percent. Series Q Shares will have a quarterly floating rate cumulative preferential cash dividend, with the rate reset every quarter. The conversion period runs from January 31, 2024, until 5:00 p.m. (EST) on February 15, 2024.
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Varcoe: U.S. Pause on LNG Projects Offers Canada 'Second Chance' To Be Global Player, Says Enbridge CEO

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Enbridge CEO discusses Canada's potential as a global LNG player, highlighting the opportunity for expansion in the industry. The company is a partner in the Woodfibre LNG project, emphasizing the significance of Canada's involvement in the global LNG market. The press release outlines the importance of policy and support for Canada to seize this opportunity, as well as the potential benefits for the country's economy.
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Ending Gender-Based Violence: 'We Need Everyone at the Table'

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The YWCA Edmonton's Rose Campaign is a national advocacy campaign aimed at ending gender-based violence and promoting equity for women and girls. The campaign runs from November 25 to December 10, coinciding with important dates such as the International Day for the Elimination of Violence Against Women and World Human Rights Day. Enbridge has been supporting the YWCA Edmonton through donations and sponsorships, contributing to the Equity Fund to allocate funds to programs that support women in need. The YWCA Edmonton has been leading social change for women since 1907, and the Rose Campaign aims to raise unrestricted funds for essential programs. The campaign also encourages continued education and action through YWCA resources and year-round conversation.
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Supporting ‘Vital and Truly Remarkable’ Organizations in the Sussex Region

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Enbridge's Rampion Community Benefit Fund has positively impacted one million people and 160 community projects. Creative Heart, a non-profit community hub and arts café in Littlehampton, England, has benefited from the fund, providing a safe and inclusive space to tackle social isolation and loneliness, inspire creativity, and improve emotional, physical, and mental well-being. Claire Jones, the director of Creative Heart, expressed gratitude for the opportunity to support lonely and vulnerable individuals in the community.
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Youth Volunteerism Unlocks Life and Leadership Skills in Calgary

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Enbridge Youth Central offers barrier-free volunteer opportunities through its Youth Volunteer Corps program, aiming to build tomorrow's leaders and create a welcoming and safe space for young people in Calgary. Michelle Hodgins, Communications and Philanthropy Coordinator, emphasizes the idea of volunteering as much or as little as you like with causes you care about.
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Project Lifesaver: Nearly 25 Years of Bringing Loved Ones Back Home

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Project Lifesaver, a non-profit organization operating since 1999, aims to protect and locate 'at-risk' individuals prone to wandering by providing law enforcement and caregivers with a specialized program. The organization has facilitated over 4,200 successful rescues in the U.S. and Canada, utilizing waterproof bracelets with unique frequency signals for individuals with cognitive impairments or neurological disorders.
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Actively Pioneering British Columbia’s Low-Carbon Future

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Enbridge announces two significant initiatives in British Columbia: a hydrogen blending study and a carbon capture and storage assessment. The hydrogen blending study aims to examine the transportation of natural gas mixed with hydrogen using existing infrastructure, while the carbon capture and storage assessment focuses on compiling geoscience information in the Nechako Basin. Both initiatives aim to contribute to the energy transition and reduce greenhouse gas emissions.
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B.C. government and industry partners working to develop hydrogen as a low-carbon energy option for families and businesses

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Enbridge Inc. and FortisBC Energy Inc. announced funding for studies to examine how hydrogen can be safely and reliably delivered using existing gas pipeline infrastructure. The study will determine the percentage of hydrogen that can be safely transported through the infrastructure to reduce greenhouse gas emissions and develop a low-carbon energy economy.
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Passing the 'Torch' to the Next Generation of Tradesworkers

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Enbridge employees donated portable welding units, welding rods, and decommissioned engine starters to nearby schools to support metal and welding programs. The donation aims to provide students with access to modern industry-standard equipment and increase the capacity of the programs. The units, valued at a combined $8,000, are being used for fabrication and art purposes in school welding programs.
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Reef-Based Carbon Sequestration Study Delivering 'Encouraging Results'

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Enbridge (ENB) researchers at UTRGV are conducting a groundbreaking carbon sequestration study on the RGV Reef off the Texas coast. The project, funded by a $250,000 grant from Enbridge, aims to determine the reef's ability to capture or trap CO2 in significant proportions. The study, the most comprehensive of its kind, has shown promising results and may provide a solution to climate challenges worldwide.
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FAQ

What is the current stock price of Enbridge (ENB)?

The current stock price of Enbridge (ENB) is $42.18 as of November 15, 2024.

What is the market cap of Enbridge (ENB)?

The market cap of Enbridge (ENB) is approximately 91.8B.

What does Enbridge Inc. do?

Enbridge Inc. is a multinational pipeline and energy company that owns and operates pipelines transporting crude oil, natural gas, and natural gas liquids across Canada and the United States.

Where is Enbridge Inc. headquartered?

Enbridge Inc. is headquartered in Calgary, Alberta, Canada.

What are Enbridge’s recent achievements?

Recent achievements include the inauguration of the Fécamp Offshore Wind Farm in France and strong financial performance in Q1 2024. The company also acquired The East Ohio Gas Company and is working on expanding the Gray Oak Pipeline.

What sustainability initiatives does Enbridge support?

Enbridge supports numerous sustainability initiatives, including the Fueling Futures grants program and projects aimed at achieving net-zero greenhouse gas emissions by 2050. The company also invests in renewable energy technologies like hydrogen and carbon capture and storage.

What is the significance of Enbridge's pipeline network?

Enbridge's pipeline network is crucial for transporting hydrocarbons across North America, ensuring the reliable delivery of energy. This includes the Canadian Mainline system and various regional oil sands and natural gas pipelines.

Does Enbridge operate in renewable energy?

Yes, Enbridge has a growing portfolio of renewable energy projects, primarily focused on onshore and offshore wind projects. The company is a significant player in the energy transition towards more sustainable energy sources.

How financially stable is Enbridge?

Enbridge has a history of predictable financial performance, with solid quarterly results and strategic acquisitions that enhance its financial stability. The company reaffirmed its financial guidance for 2024 and maintains a strong balance sheet.

What is Enbridge’s approach to community development?

Enbridge is committed to community development through initiatives like the Fueling Futures grants, which support local environmental and community projects. The company engages in programs that enhance community well-being and environmental sustainability.

What recent projects has Enbridge announced?

Recent projects include the Gray Oak Pipeline expansion, various Gulf Coast infrastructure enhancements, and ongoing development of renewable energy projects like offshore wind farms in Europe.

What is Enbridge’s long-term vision?

Enbridge aims to be a leading energy delivery company, providing secure, sustainable, and affordable energy. The company is focused on achieving net-zero greenhouse gas emissions by 2050 and expanding its investments in renewable energy and modern energy delivery infrastructure.

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Enbridge, Inc

NYSE:ENB

ENB Rankings

#137 Ranked by Market Cap
#262 Ranked by Dividends

ENB Stock Data

91.84B
2.18B
0.1%
54.74%
1.13%
Oil & Gas Midstream
Pipe Lines (no Natural Gas)
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United States of America
CALGARY