UPDATE: Enbridge (ENB) Will Spend $5B on Terminals Along Gulf of Mexico
Get Alerts ENB Hot Sheet
Price: $36.18 +0.53%
Overall Analyst Rating:
NEUTRAL ( Up)
Dividend Yield: 11%
Revenue Growth %: +10.4%
Overall Analyst Rating:
NEUTRAL ( Up)
Dividend Yield: 11%
Revenue Growth %: +10.4%
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(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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