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Stock Market & Financial Investment News

News Breaks
January 29, 2014
09:03 EDTCOP, ENBEnbridge to invest $200M to expand Sunday Creek Terminal
Enbridge (ENB) announced that it will construct additional facilities at its Sunday Creek Terminal, located in the Christina Lake area of northern Alberta, to support production growth from the Christina Lake oil sands project operated by Cenovus Energy and jointly owned with ConocoPhillips (COP). The estimated cost for the expansion is approximately $200M with a targeted in-service date of 3Q15. The expansion includes development of a new site adjacent to the existing terminal, construction of a new 350,000 barrel tank with associated piping, pumps and measurement equipment, as well as civil work for a future tank. The existing Sunday Creek Terminal was put into service in August 2011.
News For ENB;COP From The Last 14 Days
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November 28, 2014
08:36 EDTCOPConocoPhillips volatility elevated as WTI trades below $70
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06:11 EDTENBEnbridge acquires interest in $650M value wind portfolio from E.ON
Enbridge (ENB) announced a deal whereby the company will purchase an 80% interest in a portfolio of two wind farms in the U.S. from E.ON (EONGY). The agreed enterprise value for the portfolio is approximately $650M. The 203 megawatt Magic Valley 1 wind farm located near Harligen, Texas and the 202 MW Wildcat 1 wind farm near Elwood, Indiana are operational and came into service in 2012. The two wind farms are located in areas with favourable wind regimes and combined, provide enough clean power for more than 120,000 households. Enbridge has invested approximately $3B in renewable energy assets over the past five years. Upon closing, the acquisition of these two wind farms will bring Enbridge's total net generating capacity of green power projects to more than 1,600 MW and helps position the Company to double existing capacity by 2018. The projects also further help Enbridge meet its Neutral Footprint commitment to generating a kilowatt hour of renewable energy for every additional kilowatt of energy consumed by its Liquids Pipelines business, a goal the company is on track to meet by 2015. Under the terms of the agreement, E.ON will retain a 20 percent interest and remain the operator of the wind farms, demonstrating its ongoing commitment to the projects and the North American market. E.ON currently operates more than 2,700 MW of renewable capacity in the U.S. and is a leader in the American wind industry. Completion of the transaction is subject to regulatory approvals.
November 27, 2014
10:25 EDTCOPOPEC decided not to cut oil production, CNBC reports
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November 26, 2014
06:42 EDTCOPSaudis unlikely to seek oil output changes, Reuters reports
Saudi Arabia indicated today that it probably won't seek major changes in OPEC's oil output during the group's meeting this week, according to Reuters. The oil market should "stabilize itself" eventually, the news service quoted Saudi Oil Minister Ali al-Naimi. as saying OPEC members Venezuela and Iraq have called for output cuts, while non-OPEC member Russia said it would not reduce production, the news service stated. Publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT).Reference Link
November 25, 2014
13:01 EDTCOPOPEC leans toward compromise to cut supplies, WSJ says
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November 23, 2014
19:12 EDTCOPIran may suggest 1M barrel a day cut at OPEC meeting, Bloomberg says
According to media reports in Iran, the Iranian oil minister Bijan Namdar Zanganeh may speak with Saudi Arabia’s Oil Minister Ali Al-Naimi on the sidelines of the OPEC meeting in Vienna this week to propose that OPEC cut its output target by as much as 1 million barrels a day, says Bloomberg. Publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Reference Link
November 19, 2014
07:12 EDTENBEnbridge upgraded to Outperform from Neutral at Credit Suisse
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November 18, 2014
18:26 EDTCOPKeystone pipeline legislation voted down by U.S. Senate
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10:03 EDTCOPConocoPhillips management to meet with ISI Group
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November 14, 2014
16:39 EDTCOPBerkshire Hathaway gives quarterly update on stakes
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