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Enbridge Inc T.ENB

Alternate Symbol(s):  ENB | T.ENB.P.K | ENBMF | T.ENB.P.A | T.ENB.P.N | ENBNF | T.ENB.P.B | T.ENB.P.P | ENBOF | T.ENB.P.C | T.ENB.P.T | EBRGF | T.ENB.P.D | T.ENB.P.U | ENBRF | T.ENB.P.E | T.ENB.P.V | EBRZF | T.ENB.P.F | EBBGF | T.ENB.P.Y | EBGEF | T.ENB.P.G | EBBNF | ENBFF | T.ENB.P.H | ENBGF | T.ENB.P.I | ENNPF | ENBHF | T.ENB.P.J

Energy Oil & Gas Midstream
Enbridge Inc. is an energy transportation and distribution company. The Company operates through five business segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation, and Energy Services. Liquids Pipelines consists of pipelines and terminals in Canada and the United States that transport and export various grades of crude oil and other liquid hydrocarbons. Gas Transmission and Midstream consists of its investments in natural gas pipelines and gathering and processing facilities in Canada and the United States. Gas Distribution and Storage consists of its natural gas utility operations. Renewable Power Generation consists of investments in wind and solar assets, geothermal, waste heat recovery, and transmission assets. Energy Services provides physical commodity marketing, logistics services, and energy marketing services. The Company owns Aitken Creek Gas Storage facility and Aitken Creek North Gas Storage facility.


TSX:ENB - Post by User

Enbridge Inc > Share Price vs WTI
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Comment by silkoson Jun 02, 2021 9:08am
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Post# 33309701

RE:Share Price vs WTI

RE:Share Price vs WTIWake up Fiddy - ENB is not an oil producer, their contracts are not influenced directly by oil price. While oil producers may pay premium to get access to pipeline capacity while the pipelines run at full capacity, there is no direct corelation between the price of oil and ENB price. Plus, ENB is not just moving oil, a lot of gas too.

Think of 407 or any toll road. It doesn't matter how expensive the car is, they all per same price per mileage. 

FiddyFiddyOdds wrote: Feb 2020 crude was around 53 a barrel.  Crude is now 28 % higher at 68 , so loosley speaking, shouldn't the share price be "around" 28 percent higher as well ?

28 % from here would put ENB around 73 a share right now...


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