RE:RE:RE:oilI'm pretty sure long term contracts are not allowed yet but yeah I was sure the oil price shouldn't affect Enbridge's profits. If anything was going to it would be NG prices as they are an end stream provider but there I would think the lower NG is the more Enbridge would make as they are not a producer and consumer prices are set.
Oh yeah, Go Enbridge! ;-)
silkos wrote: Toll rate has nothing to do with OIL price. The long term contracts ENB has with producers will grant them access to the pipeline and are volume based. You may say that the stability of OIL producers may indirectly affect ENB stock, but there is no direct connection between the oil price and ENB revenue model.
Quintessential1 wrote: Why? They don't produce it and they don't sell it at the other end. They just charge the toll to transport it from one place to another. Does that toll charge change with the price of oil?
leo101 wrote: lots of political noise on this board but the price of oil will have a greater impact enb's share price than what the witch from michigan had for dinner last night.