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News Breaks
July 11, 2013
17:28 EDTENBEnbridge restarts line 37 pipeline, returns Athabasca pipeline to full service
Enbridge confirmed the return to service of its Line 37 pipeline between Long Lake and Cheecham, Alberta at reduced operating pressure, and the return to full service of the Athabasca Pipeline, Line 19, between Fort McMurray and Cheecham. Line 37 had been shut down June 22 as a result of a release of light synthetic crude oil caused by high rains which led to 1-in-100 year water levels that triggered ground movement on the right-of-way. The Athabasca Pipeline and other pipelines sharing a corridor with Line 37 had been shut down as a precaution. Following extensive engineering and geotechnical analysis, as well as excavation and inspection at several points on the pipeline, the northern segment of the Athabasca Pipeline was returned to service at reduced pressure July 1; the southern segment has been operating at normal pressure since June 23. The Wood Buffalo Pipeline, Line 75, continues to operate at reduced pressure pending completion of inspection on that line. The majority of oil released from Line 37 has now been recovered. Industry and environmental regulators have been to the site and Enbridge has been providing regular updates on status of the clean-up, repair and remediation. Based on the amount of oil recovered, Enbridge has revised its estimate of the volume of light crude oil spilled to 1,300 barrels. Enbridge has identified and implemented measures to mitigate ground forces on these lines and will continue such work so as to ensure all pipelines can be operated safely. Enbridge anticipates returning Line 37 and the Wood Buffalo pipelines to full pressure and capacity, although timing for completion cannot yet be determined. The Waupisoo Pipeline between Cheecham and Edmonton is operating at normal pressure. The Woodland Pipeline between Fort McMurray and Cheecham had been in the process of linefill at the time of the shutdown; linefill activities into Cheecham are continuing.
News For ENB From The Last 14 Days
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February 4, 2016
10:01 EDTENBOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Anglo Platinum (AGPPY) downgraded to Neutral from Overweight at JPMorgan... Buffalo Wild Wings (BWLD) downgraded to Neutral from Buy at Longbow... Changyou.com (CYOU) downgraded to Neutral from Outperform at Credit Suisse... Enbridge (ENB) downgraded to Neutral from Outperform at Credit Suisse... Esterline (ESL) downgraded to Hold at Drexel Hamilton... Franco-Nevada (FNV) downgraded to Neutral from Outperform at Credit Suisse... GoPro (GPRO) downgraded on results, guidance at Sterne Agee CRT... Heat Biologics (HTBX) downgraded to Speculative Buy from Buy at Cantor... Illumina (ILMN) downgraded to Hold from Buy at Canaccord... Intrawest Resorts (SNOW) downgraded to Neutral from Outperform at Macquarie... Match Group (MTCH) downgraded to Equal Weight from Overweight at Barclays... Memorial Resource (MRD) downgraded to Hold from Accumulate at Tudor Pickering... Pacific Biosciences (PACB) downgraded to Neutral from Overweight at Piper Jaffray... Peabody (BTU) downgraded to Underperform from Market Perform at FBR Capital... Peak Resorts (SKIS) downgraded to Underperform from Neutral at Macquarie... PennyMac Mortgage (PMT) downgraded to Market Perform from Outperform at Wells Fargo... Petrobras (PBR) downgraded to Underweight from Neutral at JPMorgan... Sensata (ST) downgraded to Neutral from Overweight at Atlantic Equities... Shutterfly (SFLY) downgraded to Neutral from Buy at BofA/Merrill... Star Bulk Carriers (SBLK) downgraded to Neutral from Speculative Buy at Seaport Global... Synchronoss (SNCR) downgraded at Stifel... Wabtec (WAB) downgraded to Neutral from Buy at Goldman.
07:40 EDTENBEnbridge downgraded to Neutral from Outperform at Credit Suisse
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January 27, 2016
17:29 EDTENBMurphy Oil: MOCL has signed pact with affiliates of Athabasca Oil
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17:18 EDTENBEnbridge acquires Montney natural gas assets from Murphy Oil
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