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Enbridge Inc T.ENB

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

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

Post by marketsenseon Mar 22, 2021 10:12pm
465 Views
Post# 32855985

So

SoEnbridge was overtaxed by the state of Minnesota and now are in arrears to the tune of $55M
not including interest.    Add to that the state gov'ts stubborn opposition to replacing any 
existing pipelines and you've got one hell uva mess to sort out.     They overtaxed Enbridge for
years and spent their ill gotten tax gains on God knows what and now don't have the financial
resources to pay it back and at the same time despise the company for its pipeline egress
across their lands.  

I would strongly suggest given the situation that Wllmar and her supporters politely back down
and start doing a little a ss kssing if they know what's good for them which I doubt given the history.

Yes,  this will go to appeal court and the lawyers will dispute the tax rulings but I think this time
ENB has a good standing argument about the overvaluation issue.  I wouldn't be surprised if they win a 2nd time then let the a ss ksssing begin in earnest.    Funny how things can flip when you
when you least expect it.    The blatant arrogance of of the cancel culture is going to get it big
time right where it hurts.   Their collective pocket books.  You think that might soften their rehtoric
to some degree but we'll see.


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