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Enbridge owns and operates pipelines throughout Canada and the United States, transporting crude oil, natural gas, and natural gas liquids, and also generates renewable energy. Enbridge's pipeline system is the longest in North America and the largest oil export pipeline network in the world. [2]
With that in mind, here's why TotalEnergies (NYSE: TTE) and Enbridge (NYSE: ENB) could be two of the smartest high-yield energy stocks to buy right now if you have $500 (or more) available to invest.
That's because investors have pushed Enbridge's shares sharply higher over the last six months, with the stock's 15% or so gain easily besting the average energy stock's 5% gain. ENB Chart ENB ...
In 2002, Duke Energy acquired Westcoast Energy, a Canadian corporation, which owned Chatham, Ontario-based Union Gas, regulated under the 1998 Ontario Energy Board Act.. On December 29, 2006 Standard & Poor's added Spectra Energy Corp. to its S&P 500 Index, replacing Parametric Technology Corp. (Nasdaq: PMTC), a software company, which then moved to the S&P MidCap 400 list instead. [5]
The big draw for investors when it comes to Enbridge (NYSE: ENB) is likely to be the stock's 7.4% dividend yield. Add in a 29-year streak of annual payout increases and an investment grade balance ...
Union Gas has been a subsidiary of Enbridge since February 2017, when former parent Spectra Energy merged into Enbridge. [2] Union Gas Limited and Enbridge Gas Distribution merged under the corporate name Enbridge Gas Inc. on January 1, 2019. [3] Enbridge has since begun to gradually phase out the Union Gas name in favour of its corporate brand.
The energy giant has a high yield, a strong business, and it's shifting along with the world around it.
In 1991, Enbridge's Line 3 pipeline spilled 1.7 million gallons of oil in Grand Rapids, Minnesota and the Prairie River, a tributary of the Mississippi River. [13] It was the largest inland spill of oil in U.S. history. [14]