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UPDATE: Enbridge (ENB) Will Spend $5B on Terminals Along Gulf of Mexico

November 4, 2015 12:51 PM EST
(Updated - November 4, 2015 12:56 PM EST)

Enbridge (NYSE: ENB) to spend $5 billion on terminals along Gulf of Mexico, according to the WSJ.

UPDATE - According to the report, the move comes as Enbridge is looking to mount a "full frontal assault" to maintain its strategic position.

News comes as the U.S. House recent voted to repeal a 40-year ban on the export of oil. Should the ban be lifted, Enbridge would be at the forefront of the U.S. oil export industry.

Shares of Enbridge are down 3 percent.



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