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    ENB   CA29250N1050

ENBRIDGE INC.

(ENB)
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Enbridge responds to State of Michigan decision

12/01/2021 | 09:08am EST

Enbridge is pleased by the State of Michigan's decision to drop its case to enforce its November 2020 notice of revocation and termination related to Line 5.

Enbridge will continue to pursue its case in federal court to affirm federal jurisdiction over Line 5.

Earlier this year, Canada invoked the 1977 Transit Pipeline Treaty. U.S. Federal Judge Janet Neff in a jurisdictional order took note that 'the federal issues in this case are under consideration at the highest levels of this country's government.'

Enbridge will continue to deliver safe, reliable and affordable energy to Michigan and the region. We will continue to pursue the Great Lakes Tunnel to house a replacement section of Line 5 so that it can continue to serve the region safely.

Contact:

Tel: 403-231-3900

Fax: 403-231-3920

(C) 2021 Electronic News Publishing, source ENP Newswire

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Analyst Recommendations on ENBRIDGE INC.
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Financials
Sales 2021 47 002 M 37 413 M 37 413 M
Net income 2021 5 423 M 4 316 M 4 316 M
Net Debt 2021 75 801 M 60 337 M 60 337 M
P/E ratio 2021 18,9x
Yield 2021 6,50%
Capitalization 104 B 83 044 M 82 814 M
EV / Sales 2021 3,83x
EV / Sales 2022 3,45x
Nbr of Employees 11 200
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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 OUTPERFORM
Number of Analysts 25
Last Close Price 51,35 CAD
Average target price 55,43 CAD
Spread / Average Target 7,95%
EPS Revisions
Managers and Directors
Albert Monaco President, CEO & Non-Independent Director
Vern D. Yu Chief Financial Officer & Executive Vice President
Gregory Lorne Ebel Non-Executive Chairman
Bhushan Ivaturi Chief Information Officer & Senior Vice President
Tyler W. Robinson Chief Compliance Officer & VP-Enterprise Security
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