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MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  Enbridge Inc.    ENB   CA29250N1050

ENBRIDGE INC.

(ENB)
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Enbridge Inc. : - Line 3 Moves Forward to Construction

11/25/2020 | 11:46am EST

Enbridge Inc. - The Line 3 Replacement Project has received approval to begin construction.

Today the Minnesota Public Utilities Commission issued their authorization to construct. The one remaining permit is a storm water permit which is provided by the Minnesota Pollution Control Agency.

Forward Looking Information

Forward-looking information, or forward-looking statements, have been included in this news release to provide information about Enbridge Inc. ('Enbridge' or the 'Company') and its subsidiaries and affiliates, including management's assessment of Enbridge and its subsidiaries' future plans and operations. This information may not be appropriate for other purposes. Although Enbridge believes these forward-looking statements are reasonable based on the information available on the date such statements are made and processes used to prepare the information, such statements are not guarantees of future performance and readers are cautioned against placing undue reliance on forward-looking statements. By their nature, these statements involve a variety of assumptions, known and unknown risks and uncertainties and other factors, which may cause actual results, levels of activity and achievements to differ materially from those expressed or implied by such statements. Enbridge's forward-looking statements are subject to risks and uncertainties, including, but not limited to those risks and uncertainties discussed in this news release and in the Company's other filings with Canadian and United States securities regulators. Except to the extent required by applicable law, Enbridge assumes no obligation to publicly update or revise any forward-looking statements made in this news release or otherwise, whether as a result of new information, future events or otherwise. All subsequent forward-looking statements, whether written or oral, attributable to Enbridge or persons acting on the Company's behalf, are expressly qualified in their entirety by these cautionary statements.

About Enbridge Inc.

Enbridge Inc. is a leading North American energy infrastructure company. We safely and reliably deliver the energy people need and want to fuel quality of life. Our core businesses include Liquids Pipelines, which transports approximately 25 percent of the crude oil produced in North America; Gas Transmission and Midstream, which transports approximately 20 percent of the natural gas consumed in the U.S. and Utilities and Power Operations, which serves approximately 3.7 million retail customers in Ontario and Quebec, and generates approximately 1,750 MW of net renewable power in North America and Europe.

Contact:

Tel: (888) 992-0997

Email: media@enbridge.com

(C) 2020 Electronic News Publishing, source ENP Newswire

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Financials
Sales 2020 39 296 M 30 847 M 30 847 M
Net income 2020 2 525 M 1 982 M 1 982 M
Net Debt 2020 72 051 M 56 560 M 56 560 M
P/E ratio 2020 37,2x
Yield 2020 7,22%
Capitalization 90 892 M 71 369 M 71 350 M
EV / Sales 2020 4,15x
EV / Sales 2021 4,24x
Nbr of Employees 13 000
Free-Float 99,8%
Chart ENBRIDGE INC.
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Enbridge Inc. Technical Analysis Chart | ENB | CA29250N1050 | MarketScreener
Technical analysis trends ENBRIDGE INC.
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 26
Average target price 51,37 CAD
Last Close Price 44,88 CAD
Spread / Highest target 29,2%
Spread / Average Target 14,5%
Spread / Lowest Target -22,0%
EPS Revisions
Managers and Directors
NameTitle
Albert Monaco President, CEO & Non-Independent Director
Gregory Lorne Ebel Non-Executive Chairman
Colin K. Gruending Chief Financial Officer & Executive Vice President
Bhushan Ivaturi Chief Information Officer & Senior Vice President
Vera Maureen Kempston-Darkes Independent Director
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