Enbridge (ENB) Tops Q2 EPS by 1c
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Scotiabank Reiterates Sector Outperform Rating on Enbridge Inc. (ENB:CN) (ENB)
July 28, 2020 3:58 PM EDTScotiabank reiterated a Sector Outperform rating and Cdn$54.00 price target on Enbridge Inc. (ENB:CN) (NYSE: ENB).
... MoreOnce Canada's oil relief valve, rail shipping grinds to near halt
July 28, 2020 12:31 PM EDTBy Rod Nickel
WINNIPEG, Manitoba (Reuters) - After moving record-large Canadian oil volumes by rail just five months ago, shippers have hit the brakes, idling thousands of cars and tens of millions of dollars' worth of infrastructure.
Rail was Canada's oil lifeline in recent years when cheaper pipelines ran full and crude had no other exit from landlocked Alberta. But oil production cuts this year opened pipeline space and eliminated demand for trains, leaving producers like Cenovus Energy Inc (NYSE: CVE) with high fixed expenses and monthly payments still owing to... More
