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

ENBRIDGE INC.

(ENB)
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Enbridge : Michigan Judge Orders Enbridge to Shut Down Line 5 Pipelines -Reports

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06/25/2020 | 05:43pm EDT

--A Michigan judge ordered Enbridge Inc. to shut down its Line 5 pipelines pending a hearing, the Detroit Free Press and Michigan Radio reported Thursday.

--Attorney General Dana Nessel was seeking a temporary restraining order against Enbridge, saying the company "failed to provide the state with information" about damage to one of the pipelines, the Free Press reported.

--An Enbridge spokesman believes the requested restraining order is "legally unsupportable" and said the company is working closely with its safety regulator, Michigan Radio reported.

 

Full story: https://www.freep.com/story/news/local/michigan/2020/06/25/enbridge-line-5-pipeline-shutdown-michigan-great-lakes/3258815001/ and https://www.michiganradio.org/post/judge-orders-enbridge-temporarily-shut-down-line-5-within-24-hours

 

Write to Josh Beckerman at josh.beckerman@wsj.com

 

Stocks mentioned in the article
ChangeLast1st jan.
ENBRIDGE INC. 0.60% 40.39 Delayed Quote.-22.24%
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Latest news on ENBRIDGE INC.
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06/26ENBRIDGE : MPUC rules Line 3 Replacement Project's Environmental Impact statemen..
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06/25ENBRIDGE : Responds to Temporary Ruling on Line 5 Operations
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Financials
Sales 2020 47 306 M 34 734 M 34 734 M
Net income 2020 2 259 M 1 659 M 1 659 M
Net Debt 2020 72 870 M 53 505 M 53 505 M
P/E ratio 2020 36,0x
Yield 2020 8,03%
Capitalization 81 794 M 60 321 M 60 057 M
EV / Sales 2019
EV / Sales 2020 3,27x
Nbr of Employees 12 000
Free-Float 99,8%
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Technical analysis trends ENBRIDGE INC.
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TrendsBearishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 28
Average target price 52,18 CAD
Last Close Price 40,39 CAD
Spread / Highest target 59,7%
Spread / Average Target 29,2%
Spread / Lowest Target -20,8%
EPS Revisions
Managers
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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