Enbridge Inc. (TSX: T.ENB, Stock Forum) hit a new peak of $43.71 before closing at $43.62, up 1.8%.
On Jan. 4, Enbridge announced further expansion of the Canadian mainline system between Hardisty, Alberta, and the U.S. border.
The expansion will add an additional 230,000 barrels per day of capacity at an estimated cost of approximately $0.4 billion and involves increased pumping horsepower, with no line pipe construction.
Enbridge is a North American leader in energy delivery and services, operating the world's longest crude oil pipeline system, and Canada's largest natural gas distribution company through Enbridge Gas Distribution Inc., which serves approximately two million residential, commercial and industrial customers in south central and eastern Ontario and Upper New York State.
The company is also involved in natural gas gathering, processing and transmission, and crude oil and natural gas liquids marketing.
The second company to make the 52-week-high list was Canadian National Railway Co. (TSX: T.CNR, Stock Forum). The stock briefly hit $92.38 on Thursday before closing at $92.08, for an increase of 0.82%.
The company said the first CN Rail trains to serve the state-of-the-art intermodal terminal for containerized goods at the company's new Calgary Logistics Park arrived Jan. 10.
CN Rail's C$200-million logistics park is strategically located between the ports of Prince Rupert and Vancouver and major cities across Canada and mid-America.
The company controls Canada's largest railroad system, having approximately 20,600 route miles of track, spans Canada and mid-America, from the Atlantic and Pacific oceans to the Gulf of Mexico, and serves the ports of Vancouver, Prince Rupert (British Columbia), Montreal, Halifax, New Orleans, and Mobile (Alabama), and the key cities of Toronto, Buffalo, Chicago, Detroit, Memphis, St. Louis, and Jackson (Mississippi), with connections to all points in North America. CN moves a diversified set of commodities and goods including petroleum and chemicals, metals and minerals, forest products, coal, grains and fertilizers, and automobiles as well as intermodal shipments.