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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 -- Update

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06/25/2020 | 05:22pm EDT

-- A Michigan judge ordered Enbridge Inc. to shut down its Line 5 pipelines pending a Tuesday hearing, the Detroit Free Press and Michigan Radio reported Thursday. Attorney General Dana Nessel sought a temporary restraining order, saying Enbridge "failed to provide the state with information" about damage to one of the pipelines, the Free Press reported.

-- Enbridge said it is "disappointed in the court's ruling" and said the west leg of Line 5 has been shut down. The company said inspections have determined that the west segment is safe and the Pipeline and Hazardous Materials Safety Administration didn't object to restarting. Enbridge said it had shut down the east segment pending a review of a disturbance on one of the screw anchors.

 

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.
07/09ENBRIDGE : Line 5 West Segment inline inspection report
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07/01ENBRIDGE : Resumes Partial Operation of Line 5 Dual Pipelines
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07/01ENBRIDGE : Michigan judge allows restart of disputed oil pipeline
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06/30ENBRIDGE : Regulators deny quick approval of new Great Lakes pipeline
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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 34 731 M 34 731 M
Net income 2020 2 259 M 1 659 M 1 659 M
Net Debt 2020 72 870 M 53 499 M 53 499 M
P/E ratio 2020 36,0x
Yield 2020 8,03%
Capitalization 81 794 M 60 321 M 60 051 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
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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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