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    ENB   CA29250N1050

ENBRIDGE INC.

(ENB)
  Report
Delayed Toronto Stock Exchange  -  05/20 04:00:00 pm EDT
57.17 CAD   +0.40%
05/20Natural Gas Drops as Southern Heat Abates, Rise In Storage Meets Expectations
MT
05/19Enbridge Announces Conversion Results for Series B and Series C Preferred Shares
AQ
05/19Natural Gas Falls Ahead of Fresh Storage Data as Southern Heat Continues
MT
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Enbridge Shares Rise on Private Notes Offering Consideration

01/05/2022 | 10:27am EDT

By Adriano Marchese

Enbridge Inc. shares rose in early trading on Wednesday after the company said it was considering offering debt in a private placement to redeem certain preference shares.

At 10:07 a.m. ET, shares were up 1.2% at C$50.13.

On Tuesday after the markets closed, the Canadian natural gas distribution company said it was considering offering hybrid subordinated debt securities in Canada on a private placement basis.

The company didn't provide any details of the potential offering, but said it would use the proceeds to redeem its issued and outstanding cumulative redeemable minimum rate reset preference shares, series 17.

However, Enbridge cautioned there is no certainty that it will complete the offer, nor as to any of the terms or timing of one.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

01-05-22 1027ET

Stocks mentioned in the article
ChangeLast1st jan.
ENBRIDGE INC. 0.40% 57.17 End-of-day quote.15.71%
S&P GSCI NATURAL GAS INDEX -2.64% 382.901 End-of-day quote.125.20%
All news about ENBRIDGE INC.
05/20Natural Gas Drops as Southern Heat Abates, Rise In Storage Meets Expectations
MT
05/19Enbridge Announces Conversion Results for Series B and Series C Preferred Shares
AQ
05/19Natural Gas Falls Ahead of Fresh Storage Data as Southern Heat Continues
MT
05/18Natural Gas Climbs as Record Southern Heat Boosts Cooling Demand
MT
05/17Alberta premier says Canada could boost oil export to U.S., calls for major new pipelin..
RE
05/17Natural Gas Rises Back Above US$8.00 on Weaker Production, Southern Heat
MT
05/16Natural Gas Rises as Southern Heat Boosts Cooling Demand
MT
05/13Natural Gas Rises As Storage Injections Rise Less Than Expected
MT
05/12Natural Gas Down 4% Ahead of Weekly Storage Data from the Energy Information Administra..
MT
05/12ENBRIDGE INC. : Ex-dividend day for
FA
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Analyst Recommendations on ENBRIDGE INC.
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Financials
Sales 2022 51 443 M 40 070 M 40 070 M
Net income 2022 6 187 M 4 819 M 4 819 M
Net Debt 2022 76 139 M 59 305 M 59 305 M
P/E ratio 2022 18,5x
Yield 2022 6,02%
Capitalization 116 B 90 235 M 90 235 M
EV / Sales 2022 3,73x
EV / Sales 2023 4,06x
Nbr of Employees 10 900
Free-Float 99,8%
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Technical analysis trends ENBRIDGE INC.
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 23
Last Close Price 57,17 CAD
Average target price 60,02 CAD
Spread / Average Target 4,99%
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 N. Ivaturi Chief Information Officer & Senior Vice President
Lisa D Wilson Chief Compliance Officer & Vice President
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