Current ENB Stock Info

On June 17, the Canadian federal government approved the pipeline portion of Enbridge Incorporated’s (ticker: ENB) Northern Gateway Project, a $6.1 billion crude oil and condensate pipeline and marine terminal that was proposed in 2010.

Canada’s petroleum producers are eager to find an alternative to the nearly six-year delayed approval of the Keystone XL project. At the Canadian American Business’ conference on June 17, Rob Merrifield, conservative member of the House of Commons said, “We feel victimized by U.S. regulations.”

The 731-mil...

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