Enbridge

Union Gas is a major Canadian natural gas company based in Ontario. Its distribution arm services approximately 1.5 million customers in northern, southwestern and eastern Ontario. Union Gas has been a subsidiary of Enbridge since February 2017, when former parent Spectra Energy merged into Enbridge.

Union Gas

Enbridge, Inc. engages in the provision of gas and oil. It operates through the following segments: Liquid Pipelines, Gas Distribution and Storage, Gas Transmission and Midstream, Renewable Power Generation, and Energy Services. The Liquids Pipelines segment consists of common carrier and contract crude oil, natural gas liquids and refined products pipelines and terminals in Canada and the U.S., including Canadian Mainline, Regional Oil Sands System, Southern Lights Pipeline, Spearhead Pipeline, Seaway Crude Pipeline interest, and other feeder pipelines. The Gas Distribution & Storage segment consists of natural gas utility operations, the core of which is Enbridge gas, which serves residential, commercial and industrial customers. It also includes natural gas distribution activities in Quebec and an investment in Noverco, which holds a majority interest in a subsidiary entity engaged in distribution and energy transportation primarily in Quebec. The Gas Transmission & Midstream segment consists of investments in natural gas pipelines, processing and green energy projects, the company's commodity marketing businesses, and international activities. The Renewable Power Generation segment consists primarily of investments in wind and solar power generating assets, as well as geothermal, waste heat recovery, and transmission assets. The Energy Services segment consists of businesses in Canada and the United States including logistical services, refinery supply services and the firm's volume commitments on various pipeline systems. The company was founded on April 30, 1949 and is headquartered in Calgary, Canada.

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Despite having solid visibility over its cash flows, Enbridge is currently in the midst of a growth normalization phase. However, its NTM dividend yield of nearly 7% is attractive and has likely reflected significant challenges.

Enbridge: Pivotal Buying Moment

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The leading North American energy transportation company Enbridge Inc. (NYSE: ENB) operates a network of crude oil, liquids, and natural gas pipelines, as well as power generation facilities. The company's stock has been a popular choice among investors for many years due to its consistent performance and attractive dividend yields.

Enbridge stock forecast: Analysts predict 15% upside for ENB over 12 months

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In this article, I assess what has become one of my favorite high-yield stocks on the market: the Canadian Enbridge midstream giant. The company offers a safe 7% yield backed by a business model capable of consistent long-term organic growth.

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Dividend At Risk: Sell Enbridge

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CALGARY, AB , Feb. 14, 2023 /PRNewswire/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge) announced today that none of its outstanding Cumulative Redeemable Minimum Rate Reset Preference Shares, Series 19 (Series 19 Shares) will be converted into Cumulative Redeemable Preference Shares, Series 20 (Series 20 Shares) on March 1, 2023. After taking into account all conversion notices received from holders of its outstanding Series 19 Shares by the February 14, 2023 deadline for the conversion of the Series 19 Shares into Series 20 Shares, less than the 1,000,000 Series 19 Shares required to give effect to conversions into Series 20 Shares were tendered for conversion.

Enbridge Announces Conversion Results for Series 19 Preferred Shares

CALGARY, AB , Feb. 14, 2023 /PRNewswire/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge) announced today that none of its outstanding Cumulative Redeemable Preference Shares, Series D (Series D Shares) will be converted into Cumulative Redeemable Preference Shares, Series E (Series E Shares) on March 1, 2023. After taking into account all conversion notices received from holders of its outstanding Series D Shares by the February 14, 2023 deadline for the conversion of the Series D Shares into Series E Shares, less than the 1,000,000 Series D Shares required to give effect to conversions into Series E Shares were tendered for conversion.

Enbridge Announces Conversion Results for Series D Preferred Shares

CALGARY, AB , Feb. 14, 2023 /PRNewswire/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge or the Company) will hold its annual investor conference at 8:30 a.m. ET on Wednesday, March 1, 2023.

Enbridge to Host Annual Enbridge Day Investor Event on March 1, 2023

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Enbridge Inc. (NYSE:ENB ) Q4 2022 Earnings Conference Call February 10, 2023 9:00 AM ET Company Participants Rebecca Morley - Investor Relations Greg Ebel - President and Chief Executive Officer Vern Yu - Chief Financial Officer and President, New Energy Technologies Colin Gruending - Head, Liquid Pipelines Cynthia Hansen - Head, Gas Transmission and Midstream Michele Harradence - Head, Gas Distribution and Storage Matthew Akman - Head, Renewable Power Conference Call Participants Robert Kwan - RBC Capital Markets Jeremy Tonet - JPMorgan Rob Hope - Scotiabank Theresa Chen - Barclays Robert Catellier - CIBC Capital Markets Praneeth Satish - Wells Fargo Linda Ezergailis - TD Securities John Mackay - Goldman Sachs Ben Pham - BMO Operator Ladies and gentlemen, welcome to the Enbridge Incorporated Fourth Quarter 2022 Financial Results Conference Call. My name is Abby and I will be your operator for today's call.

Enbridge Inc. (ENB) Q4 2022 Earnings Call Transcript

CALGARY, AB , Feb. 10, 2023 /PRNewswire/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) has filed its Form 10-K for the year ended December 31, 2022, with the United States Securities and Exchange Commission. Enbridge has also filed its audited Consolidated Financial Statements and related Management's Discussion and Analysis for the year ended December 31, 2022, with Canadian securities regulatory authorities.

Enbridge Files 2022 Year End Disclosure Documents

CALGARY, AB , Feb. 10, 2023 /PRNewswire/ - Enbridge Inc. (Enbridge or the Company) (TSX: ENB) (NYSE: ENB) today reported strong fourth quarter and full year 2022 financial results, reaffirmed its 2023 financial outlook and provided a quarterly business update. Highlights (All financial figures are unaudited and in Canadian dollars unless otherwise noted.

Enbridge Reports Strong 2022 Financial Results and Advances Strategic Priorities

News for Enbridge Stock (ENB)