ENB
Enbridge Energy (NYSE: ENB) received a new presidential permit to continue operating and maintaining its...
Article Summary
HOLD- Enbridge Energy (NYSE: ENB) received a new presidential permit to continue operating and maintaining its cross-border pipeline facilities in North Dakota, enabling it to transport crude oil and petroleum products across the international boundary between the US and Canada near Neche, replacing the one formerly granted in October 2017.
- The permit covers a specific segment of the pipeline defined as a 36in diameter section extending from the US-Canada border to the first mainline shut-off valve or pumping station within approximately three miles of the crossing point, and does not apply to natural gas regulated by section 3 of the Natural Gas Act, but includes other petroleum-derived products such as diesel, gasoline, jet fuel, kerosene, liquefied petroleum gas (LPG) and naptha.
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Growth Stock Scoring Breakdown
| METRIC | VALUE | WEIGHT | ANALYSIS |
|---|---|---|---|
| Sales Growth TTM ? | 19.4% | 25% | 60.0 ptsModerate (19.4%) - Decent growth |
| EPS Growth Next 5Y ? | 5.2% | 25% | 20.0 ptsWeak (5.2%) - Low expectations |
| Target Price Upside ? | 5.0% | 20% | 35.0 ptsBelow Screener (5.0%) - Target: $55.40 vs Current: $52.76 |
| Gross Margin % ? | 32.7% | 15% | 40.0 ptsModerate (32.7%) - Adequate margins |
| Drawdown from 52-Wk High ? | -4.8% | 15% | 20.0 ptsBarely a Dip (-4.8%) - Near recent highs |
Disclaimer: This rating is for informational purposes only and is not financial advice.
All data sourced from Finviz.
Always conduct your own research and consult with a financial advisor before making investment decisions.
Past performance does not guarantee future results.
About ENB
- Enbridge Inc., together with its subsidiaries, operates as an energy infrastructure company.
- The company operates through four segments: Liquids Pipelines, Gas Transmission, Gas Distribution and Storage, and Renewable Power Generation.
- The Liquids Pipelines segment operates pipelines and related terminals to transport, store, and export various grades of crude oil and other liquid hydrocarbons in Canada and the United States.
- This segment also provides physical commodity marketing and logistical services, and crude oil marketing services.
- The Gas Transmission segment invests in natural gas pipelines and gathering and processing facilities in Canada and the United States.
- The Gas Distribution and Storage segment is involved in natural gas utility operations serving residential, commercial, and industrial customers in Ontario, as well as natural gas distribution activities in Quebec.
- The Renewable Power Generation segment operates wind, solar, geothermal, waste heat recovery, and transmission assets in North America.
- The company was formerly known as IPL Energy Inc. and changed its name to Enbridge Inc. in October 1998.
- Enbridge Inc. was founded in 1949 and is headquartered in Calgary, Canada.