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    ENB   CA29250N1050

ENBRIDGE INC.

(ENB)
  Report
Delayed Quote. Delayed Toronto Stock Exchange - 07/27 04:00:00 pm
49.07 CAD   +0.51%
07/27ENBRIDGE : Declares Quarterly Dividends
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07/27Natural Gas Falls Off 31-Month Highs as Forecasts See a Break From the Heat in Key Regions
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07/26TSX falls 0.12% toá20,164.96
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Enbridge : Gas Binding Open Season for Peak Storage Service at Dawn Hub

06/11/2021 | 11:01am EDT

CHATHAM - Enbridge Gas is holding a binding open season for up to 1.5 billion cubic feet (BCF) of peak storage service at the Dawn Hub storage facility starting as early as June 2021.

Shippers seeking access to flexible, customized premium storage for peaking service needs can submit bids of up to 1.5 BCF for a maximum of one year. Multiple bids will be considered.

Enbridge Gas' Peak Storage Service offers shippers unparalleled flexibility to meet their requirements and reduce operational costs. Benefits for shippers include the ability to: Capture daily, monthly and seasonal price volatility/spreads.

Balance demand and supply needs - meet peaking requirements, diversify supply and protect downstream markets.

Hedge commodity purchases - fixed gas costs and protection from gas price run-ups.

Improve load factor on upstream and downstream pipelines by right sizing storage.

Bundle storage with other services like C1/M12 transportation to satisfy market opportunities in Ontario, Quebec, and the U.S. Northeast.

The Enbridge Gas Dawn Hub is one of the largest integrated natural gas storage facilities in North America. Strategically located in southwestern Ontario, Dawn provides shippers with direct access to North America's major supply basins including Utica and Marcellus. With multiple supply routes from western Canada, mid-continent, the Rockies, and the Gulf of Mexico, as well as the ability to serve markets in the mid-west, eastern Canada and the U.S. Northeast, the Enbridge Gas Dawn Hub is a reliable, secure, and liquid natural gas trading hub.

About Enbridge Gas Inc.

Enbridge Gas is Canada's largest natural gas storage, transmission and distribution company based in Ontario, with more than 170 years of service to customers. The distribution business provides safe, affordable, reliable energy to about 3.8 million homes, businesses and industries and is leading the transition to a clean energy future through net-zero emissions targets and investments in innovative low-carbon energy solutions. The storage and transmission business offers a variety of storage and transportation services to customers at the Dawn Hub, the largest integrated underground storage facility in Canada and one of the largest in North America. Enbridge Gas is owned by Enbridge Inc., a Canadian-based leader in energy transportation and distribution.

Contact:

Tel: 1-855-884-511

Email: enbridgegasmedia@enbridge.com

(C) 2021 Electronic News Publishing, source ENP Newswire

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Financials
Sales 2021 41 286 M 32 781 M 32 781 M
Net income 2021 5 479 M 4 351 M 4 351 M
Net Debt 2021 71 314 M 56 623 M 56 623 M
P/E ratio 2021 18,0x
Yield 2021 6,79%
Capitalization 99 401 M 79 121 M 78 924 M
EV / Sales 2021 4,13x
EV / Sales 2022 3,99x
Nbr of Employees 11 200
Free-Float 86,4%
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Mean consensus OUTPERFORM
Number of Analysts 25
Last Close Price 49,07 CAD
Average target price 53,62 CAD
Spread / Average Target 9,27%
EPS Revisions
Managers and Directors
Albert Monaco President, CEO & Non-Independent Director
Colin K. Gruending 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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