Fly News Breaks for February 23, 2020
Feb 23, 2020 | 18:23 EDT
Goldman Sachs analyst Michael Lapides downgraded Enbridge to Sell from Neutral. The analyst believes after sizable outperformance and a major share price rally recently, risk/reward appears more unfavorable now - especially given our EBITDA estimates appear below consensus.
News For ENB From the Last 2 Days
Nov 29, 2021 | 08:36 EST
Capital Power Corporation (CPXWF) and Enbridge Inc. (ENB) are pleased to announce a memorandum of understanding to collaborate on carbon capture and storage solutions in the Wabamun area west of Edmonton, Alberta, near Capital Power's Genesee Generating Station. Enbridge and Capital Power have agreed to jointly evaluate and advance a CCS project, with Enbridge as the transportation and storage service provider and Capital Power as the CO2 provider, subject to the Government of Alberta's competitive carbon hub selection process and a future final investment decision. Enbridge, with the support of Capital Power, is applying to develop an open access carbon hub in the Wabamun area through the Government of Alberta's Request for Full Project Proposals process, which is expected to start as early as December 2021. The proposed project would serve Capital Power's Genesee Generating Station near Warburg, Alberta which currently provides over 1,200 megawatts of baseload electricity generation to Albertans. Capital Power is currently repowering the Genesee 1 and 2 units, to create North America's most efficient natural gas combined cycle power generation units, positioning them to deliver reliable and affordable electricity for generations to come. The Genesee CCS Project is expected to capture up to 3 million tonnes of CO2 annually from the repowered units, which would be transported and stored through Enbridge's open access carbon hub that could also serve several other local industrial companies. Subject to the award of carbon sequestration rights and regulatory approvals, the proposed project could be in service as early as 2026.