TendieTensor TendieTensor
You’re browsing as
Guest
Free Preview
Sign in/sign up to unlock all features.

News  ›  Benzinga

Enbridge Approves $1.4 Billion Mainline Optimization Phase 1 Project

Benzinga Logo Benzinga By Lekha Gupta
Enbridge Approves $1.4 Billion Mainline Optimization Phase 1 Project

Enbridge has approved a $1.4 billion project to optimize its Mainline network, adding 150 kbpd of pipeline capacity and expanding the Flanagan South Pipeline. The project aims to boost Canadian heavy oil deliveries to U.S. refining markets, with new capacity expected to come online in 2027.

Insights
AMZN   positive

Undervalued stock with strong AWS cloud computing market share, investing in AI computing capacity and potential for margin improvement


ENB   neutral

The company is investing in infrastructure expansion to meet customer demand, but recent earnings missed estimates, resulting in a slight stock price decline