Canadian Oil Stocks

Oil Stocks and Oil Companies in Canada


Enbridge Announces Definitive Agreement to Acquire All Public Equity of Enbridge Income Fund Holdings Inc., Achieves Significant Milestones Toward Corporate Structure Simplification

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CALGARY, Sept. 18, 2018 /CNW/ – Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge) and Enbridge Income Fund Holdings Inc. (TSX: ENF) (ENF) today announced that they have entered into a definitive arrangement agreement (the Agreement) under which Enbridge will acquire all of the issued and outstanding public common shares of ENF (the Arrangement), subject to the approval of ENF shareholders.

Under the terms of the Agreement, each common share of ENF (ENF Share) will be exchanged for 0.7350 (the Agreed Exchange Ratio) of a common share of Enbridge (Enbridge Shares) and cash of $0.45 per ENF Share (the Cash … Continue Reading

Enbridge Announces Definitive Agreements to Acquire All Public Equity of Enbridge Energy Partners and Enbridge Energy Management, Achieves Significant Milestones Toward Corporate Structure Simplification

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CALGARY and HOUSTON, Sept. 18, 2018 /CNW/ – Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge), on behalf of itself and certain of its wholly owned U.S. subsidiaries, Enbridge Energy Partners, L.P. (NYSE: EEP) (EEP) and Enbridge Energy Management, L.L.C. (NYSE: EEQ) (EEQ) today announced that they have entered into separate definitive agreements (Agreements) under which Enbridge will acquire all of the outstanding public Class A common units of EEP and all of the outstanding public Listed Shares of EEQ. The acquired equity of the combined transactions is valued at US$3.5 billion based on the closing price of Enbridge’s common … Continue Reading

Decision Received from the Ontario Energy Board on Enbridge Gas Distribution and Union Gas Limited Amalgamation

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CALGARY, Aug. 30, 2018 /CNW/ – Today, Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge) received a decision from the Ontario Energy Board (OEB) approving the amalgamation of Enbridge Gas Distribution and Union Gas Limited. 

This decision from the OEB is an important step in determining how, and if, Enbridge Gas Distribution and Union Gas will amalgamate. Enbridge will undertake a detailed review of the OEB’s decision, and approved parameters, and make a final determination on the amalgamation of its utilities. 

About Enbridge Inc. 

Enbridge Inc. (the Company) is North America’s premier energy infrastructure company with strategic business platforms that … Continue Reading

Enbridge Announces Definitive Agreement to Acquire All Public Equity of Spectra Energy Partners, Advances Corporate Structure Simplification

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CALGARY and HOUSTON, TX, Aug. 24, 2018 /CNW/ – Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge) on behalf of itself and certain of its wholly owned US subsidiaries and Spectra Energy Partners, LP (NYSE:SEP) (SEP) today announced that they have entered into a definitive agreement (“Agreement”) under which Enbridge will acquire all of the outstanding public common units of SEP on the basis of 1.111 common shares of Enbridge for each common unit of SEP (“Agreed Exchange Ratio”). The Agreed Exchange Ratio represents a 9.8% increase to the exchange ratio offered by Enbridge on May 17, 2018 of 1.0123 … Continue Reading

Enbridge Announces Conversion Results for Series H Preferred Shares

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CALGARY, Aug. 17, 2018 /CNW/ – Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge or the Company) announced today that none of Enbridge’s outstanding Cumulative Redeemable Preference Shares, Series H (Series H Shares) will be converted into Cumulative Redeemable Preference Shares, Series I of Enbridge (Series I Shares) on September 1, 2018.

After taking into account all conversion notices received from holders of its outstanding Series H Shares by the August 17, 2018 deadline for the conversion of the Series H Shares into Series I Shares, less than the 1,000,000 Series H Shares required to give effect to conversions … Continue Reading

Enbridge Inc. Reports Strong Second Quarter 2018 Results and Significant Progress on Strategic Priorities

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CALGARY, Aug. 3, 2018 /CNW/ – Enbridge Inc. (Enbridge or the Company) (TSX:ENB) (NYSE:ENB) today reported second quarter 2018 financial results and provided a quarterly business update.

SECOND QUARTER 2018 HIGHLIGHTS

(all financial figures are unaudited and in Canadian dollars unless otherwise noted)

  • GAAP earnings were $1,071 million or $0.63 per common share for the second quarter, compared to $919 million or $0.56 per common share in the second quarter of 2017, both including the impact of a number of unusual, non-recurring or non-operating factors
  • Adjusted earnings were $1,094 million or $0.65 per common share for the second quarter,
    • … Continue Reading

    Enbridge Provides Notice of Series H Preferred Shares Conversion Right and Announces Reset Dividend Rates

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    CALGARY, Aug. 2, 2018 /CNW/ – Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge or the Company) announced today that it does not intend to exercise its right to redeem its currently outstanding Cumulative Redeemable Preference Shares, Series H (Series H Shares) (TSX: ENB.PR.H) on September 1, 2018. As a result, subject to certain conditions, the holders of the Series H Shares have the right to convert all or part of their Series H Shares on a one-for-one basis into Cumulative Redeemable Preference Shares, Series I of Enbridge (Series I Shares) on September 1, 2018. Holders who do … Continue Reading

    Enbridge Completes Asset Sales for Approximately $3.15 Billion in Cash Proceeds

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    CALGARY, Aug. 1, 2018 /CNW/ – Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge or the Company) today announced it has closed the previously announced agreements to sell its U.S. midstream businesses and monetize a portion of its renewables business for combined cash proceeds of approximately $3.15 billion.

    “We are pleased to have moved quickly to execute and close these transactions at strong valuations,” said Al Monaco, President and Chief Executive Officer of Enbridge. “In addition, the recently announced sale of the Canadian gathering and processing assets takes our total non-core asset sales this year to almost $7.5 … Continue Reading

    Westcoast Energy and Union Gas Declare Dividends

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    CALGARY, July 27, 2018 /CNW/ – Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge or the Company), announced today that Westcoast Energy Inc. declared the following quarterly dividends:

    A.

    5.50% CUMULATIVE FIRST PREFERRED SHARES, SERIES 7:  A dividend of 34.375 cents per share payable on October 15, 2018 to shareholders of record at the close of business on October 1, 2018.

    B.

    5.60% CUMULATIVE FIRST PREFERRED SHARES, SERIES 8:  A dividend of 35.000 cents per share payable on October 15, 2018 to shareholders of record at the close of business on October 1, 2018.

    C.

    CUMULATIVE FIVE-YEAR MINIMUM RATE RESET … Continue Reading

    Enbridge Inc. to Host a Joint Webcast with Enbridge Income Fund Holdings Inc., Enbridge Energy Partners, L.P. & Spectra Energy Partners, LP to Discuss 2018 Second Quarter Results on August 3

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    CALGARY, July 12, 2018 /CNW/ – Enbridge Inc. (TSX, NYSE: ENB) (Enbridge) will host a joint conference call and webcast with Enbridge Income Fund Holdings Inc. (TSX: ENF), Enbridge Energy Partners, L.P. (NYSE: EEP) and Spectra Energy Partners, LP (NYSE: SEP) to provide an enterprise-wide business update and review 2018 second quarter results on August 3, 2018 at 7:00 a.m. MT (9:00 a.m. ET).

    Enbridge and Enbridge Income Fund Holdings Inc. will announce second quarter results before markets open on August 3, 2018, while Enbridge Energy Partners, L.P. and Spectra Energy Partners, LP will announce second … Continue Reading

    Enbridge Announces Sale of Canadian Natural Gas Gathering & Processing Businesses for $4.31 Billion

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    CALGARY, July 4, 2018 /CNW/ – Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge or the Company) today announced that it has entered into definitive agreements to sell its Canadian natural gas gathering and processing business in the Montney, Peace River Arch, Horn River and Liard basins in British Columbia (B.C.) and Alberta (the “G&P Business”) to Brookfield Infrastructure (NYSE: BIP; TSX: BIP.UN) and its institutional partners (collectively, “Brookfield”) for a cash purchase price of CAN $4.31 billion, subject to customary closing adjustments and receipt of regulatory approvals. 

    The G&P Business includes 19 natural gas processing plants and … Continue Reading

    Enbridge’s Line 3 Replacement Project Approved by Minnesota Public Utilities Commission

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    CALGARY, June 28, 2018 /CNW/ – Enbridge Inc. (TSX: ENB) (NYSE: ENB), Enbridge Energy Partners, L.P. (NYSE:EEP) and Enbridge Income Fund Holdings Inc. (TSX: ENF) (collectively referred to as Enbridge) announced today that the Line 3 Replacement Project has been approved by the Minnesota Public Utilities Commission (PUC). The PUC granted Enbridge a Certificate of Need for the project and approved Enbridge’s preferred route with minor modifications and certain conditions.

    Commenting on the PUC decision, Al Monaco, President & CEO, Enbridge Inc. said: “We are very pleased that the PUC has determined the Line 3 Replacement Project is needed … Continue Reading


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