After a two-vehicle accident in Illinois close to the the township of New Lenox, the pipeline of Enbridge (NYSE:ENB), which delivers the majority of oil from Canada to the United States, remains closed, and may remain closed for up to four more days.
The accident took place by an above-ground part of the conduit close to a pumping station.
Enbridge's Line 14/64, which delivers 318,000 barrel a day, will probably result in pressuring prices for Canadian crude in response to the accident.
Line 14, may start up again as early as Wednesday, while Line 64, is estimated to restart on Thursday.
Enbridge spokeswoman Lorraine Little said these estimates are subject to change because they were the initial assessments made by the company.
The capacity for Line 14/64 is north of 2 million barrels a day, which amounts to close to 3 percent of American imports. Canada exports the oil from Alberta tar sands.
Potentially affected by the slowdown is Exxon Mobil (NYSE:XOM), which receives some oil from the pipeline, which they get at its refinery located in Joliet, Illinois. Exxon says at this time they are meeting contractual obligations.
Enbridge was trading at $38.34, down $0.38, or 0.98 percent, as of 12:16 PM EST. Exxon was trading at $86.63, up $0.30, or 0.35 percent.
Showing posts with label Enbridge. Show all posts
Showing posts with label Enbridge. Show all posts
Monday, March 5, 2012
Tuesday, February 14, 2012
El Paso (EP) (WPZ) (CHKM) (TRP) (RRMS) (ENB) (SE) Ratings, Price Targets
El Paso (EP), Williams Partners (WPZ), Chesapeake Midstream (CHKM), TransCanada (TRP) Rose Rock Midstream (RRMS), Enbridge Inc (ENB), and Spectra Energy (SE) had ratings and price targets on them adjusted by analysts.
Deutsche Bank initiated coverage on El Paso (EP). They placed an "Hold" rating on the company.
Deutsche Bank initiated coverage on Williams Partners (WPZ). They placed an "Hold" rating on the company.
Deutsche Bank initiated coverage on Chesapeake Midstream (CHKM). They placed an "Hold" rating on the company.
Deutsche Bank initiated coverage on TransCanada (TRP). They placed an "Hold" rating on the company.
Deutsche Bank initiated coverage on Rose Rock Midstream (RRMS). They placed an "Buy" rating on the company.
Deutsche Bank initiated coverage on Enbridge (ENB). They placed an "Buy" rating on the company.
Deutsche Bank initiated coverage on Spectra Energy (SE). They placed an "Buy" rating on the company.
Deutsche Bank initiated coverage on El Paso (EP). They placed an "Hold" rating on the company.
Deutsche Bank initiated coverage on Williams Partners (WPZ). They placed an "Hold" rating on the company.
Deutsche Bank initiated coverage on Chesapeake Midstream (CHKM). They placed an "Hold" rating on the company.
Deutsche Bank initiated coverage on TransCanada (TRP). They placed an "Hold" rating on the company.
Deutsche Bank initiated coverage on Rose Rock Midstream (RRMS). They placed an "Buy" rating on the company.
Deutsche Bank initiated coverage on Enbridge (ENB). They placed an "Buy" rating on the company.
Deutsche Bank initiated coverage on Spectra Energy (SE). They placed an "Buy" rating on the company.
Wednesday, February 1, 2012
Enbridge (EEP) (CF) (CLD) (IPI) (PCL) (REXX) Ratings, Price Targets
Enbridge Energy Partners LP (NYSE: EEP), CF Industries Holdings (NYSE: CF), Cloud Peak Energy (NYSE: CLD), Intrepid Potash, Inc. (NYSE: IPI), Plum Creek Timber Co. (NYSE: PCL) and Rex Energy (NASDAQ: REXX) ratings and price targets.
CF Industries Holdings (CF) was downgraded by Credit Suisse (NYSE:CS) from an “Outperform” rating to a “Neutral” rating.
Cloud Peak Energy (CLD) was downgraded by Morgan Stanley (NYSE:MS) to an “Equal Weight” rating.
Enbridge Energy Partners LP (EEP) was downgraded by Morgan Keegan from an “Outperform” rating to a “Market Perform” rating.
Intrepid Potash, Inc. (IPI) was downgraded by Goldman Sachs (NYSE:GS) from a “Neutral” rating to a “Sell” rating.
Plum Creek Timber Co. (PCL) was downgraded by UBS AG (NYSE:UBS) from a “Neutral” rating to a “Sell” rating. They have a price target of $36.00 on the company.
Rex Energy (REXX) was downgraded by Tudor Pickering to a “Hold” rating.
CF Industries Holdings (CF) was downgraded by Credit Suisse (NYSE:CS) from an “Outperform” rating to a “Neutral” rating.
Cloud Peak Energy (CLD) was downgraded by Morgan Stanley (NYSE:MS) to an “Equal Weight” rating.
Enbridge Energy Partners LP (EEP) was downgraded by Morgan Keegan from an “Outperform” rating to a “Market Perform” rating.
Intrepid Potash, Inc. (IPI) was downgraded by Goldman Sachs (NYSE:GS) from a “Neutral” rating to a “Sell” rating.
Plum Creek Timber Co. (PCL) was downgraded by UBS AG (NYSE:UBS) from a “Neutral” rating to a “Sell” rating. They have a price target of $36.00 on the company.
Rex Energy (REXX) was downgraded by Tudor Pickering to a “Hold” rating.
Friday, November 18, 2011
Autodesk (ADSK) (CADX) (CCOI) (ENB) (HOLI) (LULU) Upgraded
Autodesk (NASDAQ: ADSK), Cadence Pharmaceuticals, Inc. (NASDAQ: CADX), Cogent Communications (NASDAQ: CCOI), Enbridge Inc. (NYSE: ENB), Hollysys Automation Technologies Ltd (NASDAQ: HOLI) and Lululemon (NASDAQ: LULU) were upgraded by analysts.
Autodesk (ADSK) was upgraded by Argus from a “Hold” rating to a “Buy” rating. They have a price target $47.00 on the company.
Cadence Pharmaceuticals, Inc. (CADX) was upgraded by Oppenheimer from an “Underperform” rating to a “Perform” rating.
Cogent Communications (CCOI) was upgraded by Jefferies (NYSE:JEF) to a “Buy” rating. They have a price target of $21.00 on the company.
Enbridge Inc. (ENB) was upgraded by Canaccord Genuity from a “Hold” rating to a “Buy” rating.
Hollysys Automation Technologies Ltd (HOLI) was upgraded by Piper Jaffray (NYSE:PJC) from a “Neutral” rating to an “Overweight” rating. They have a price target of $11.00 on the company.
Lululemon (LULU) was upgraded by Stifel Nicolaus from a “Hold” rating to a “Buy” rating. They have a price target of $64.00 on the company.
Autodesk (ADSK) was upgraded by Argus from a “Hold” rating to a “Buy” rating. They have a price target $47.00 on the company.
Cadence Pharmaceuticals, Inc. (CADX) was upgraded by Oppenheimer from an “Underperform” rating to a “Perform” rating.
Cogent Communications (CCOI) was upgraded by Jefferies (NYSE:JEF) to a “Buy” rating. They have a price target of $21.00 on the company.
Enbridge Inc. (ENB) was upgraded by Canaccord Genuity from a “Hold” rating to a “Buy” rating.
Hollysys Automation Technologies Ltd (HOLI) was upgraded by Piper Jaffray (NYSE:PJC) from a “Neutral” rating to an “Overweight” rating. They have a price target of $11.00 on the company.
Lululemon (LULU) was upgraded by Stifel Nicolaus from a “Hold” rating to a “Buy” rating. They have a price target of $64.00 on the company.
Thursday, November 17, 2011
Enbridge (ENB) (EV) (USPH) (FITB) (FCS) (FES) Ratings, Price Targets
Enbridge Inc. (ENB), Eaton Vance Corp. (EV), U.S. Physical Therapy (USPH), Fifth Third Bancorp (FITB), Fairchild Semiconductor International (FCS) and Forbes Energy Services Ltd (FES) ratings and price targets.
Sterne Agee reiterated its “Buy” rating on Fifth Third Bancorp (FITB). They have a price target of $13.00 on the company.
Canaccord Genuity upgraded shares of Enbridge Inc. (ENB) from a “Hold” rating to a “Buy” rating.
Sterne Agee downgraded Eaton Vance Corp. (EV) from a “Buy” rating to a “Neutral” rating. They have a price target of $28.00 on the company.
Jefferies (NYSE:JEF) reiterated its “Buy” rating on U.S. Physical Therapy (USPH). They have a price target of $23.00 on the company.
Ticonderoga initiated coverage on Fairchild Semiconductor International (FCS). They placed a “Buy” rating and a price target of $18.00 on the company.
Global Hunter Securities initiated coverage on Forbes Energy Services Ltd (FES). They placed a “Buy” rating and a price target of $10.00 on the company.
Sterne Agee reiterated its “Buy” rating on Fifth Third Bancorp (FITB). They have a price target of $13.00 on the company.
Canaccord Genuity upgraded shares of Enbridge Inc. (ENB) from a “Hold” rating to a “Buy” rating.
Sterne Agee downgraded Eaton Vance Corp. (EV) from a “Buy” rating to a “Neutral” rating. They have a price target of $28.00 on the company.
Jefferies (NYSE:JEF) reiterated its “Buy” rating on U.S. Physical Therapy (USPH). They have a price target of $23.00 on the company.
Ticonderoga initiated coverage on Fairchild Semiconductor International (FCS). They placed a “Buy” rating and a price target of $18.00 on the company.
Global Hunter Securities initiated coverage on Forbes Energy Services Ltd (FES). They placed a “Buy” rating and a price target of $10.00 on the company.
Tuesday, August 2, 2011
Dynegy (DYN) (EEP) (EMN) (MET) (WSDT) (CPN) Ratings Reiterated
Dynegy Inc. (NYSE: DYN), Enbridge Energy Partners LP (NYSE: EEP), Eastman Chemical Co (NYSE: EMN), MetLife, Inc. (NYSE: MET), WisdomTree Investments, Inc. (NASDAQ: WSDT) and Calpine (NYSE: CPN) have ratings reiterated by analysts.
Jefferies (NYSE:JEF) reiterated its "Hold" rating on Dynegy Inc. (DYN).
Citigroup (NYSE:C) maintains its "Buy" rating on Enbridge Energy Partners LP (EEP).
Citigroup reiterated its "Hold" rating on Eastman Chemical Co (EMN).
Citigroup reiterated its "Buy" rating on MetLife, Inc. (MET).
Citigroup reiterated its "Buy" rating on WisdomTree Investments, Inc. (WSDT). They have a price target of $10.00 on the company.
Wunderlich reiterated a "Buy" rating on Calpine (CPN). They have a price target of $18.00 on the company.
Jefferies (NYSE:JEF) reiterated its "Hold" rating on Dynegy Inc. (DYN).
Citigroup (NYSE:C) maintains its "Buy" rating on Enbridge Energy Partners LP (EEP).
Citigroup reiterated its "Hold" rating on Eastman Chemical Co (EMN).
Citigroup reiterated its "Buy" rating on MetLife, Inc. (MET).
Citigroup reiterated its "Buy" rating on WisdomTree Investments, Inc. (WSDT). They have a price target of $10.00 on the company.
Wunderlich reiterated a "Buy" rating on Calpine (CPN). They have a price target of $18.00 on the company.
Apple (AAPL) (CLWR) (CMCSA) (COST) (EEP) (YHOO) Ratings Reiterated
Apple, Inc (NASDAQ: AAPL), Clearwire (NASDAQ: CLWR), Comcast Co. (NASDAQ: CMCSA), Costco (NASDAQ: COST), Enbridge Energy Partners LP (NYSE: EEP) and Yahoo! Inc. (NASDAQ: YHOO) have ratings on them reiterated by analysts.
Piper Jaffray (NYSE:JPC) reiterated its "Overweight" rating on Apple, Inc (AAPL) was . They have a price target of $607.00 on the company.
Morgan Stanley (NYSE:MS) reiterated its "Underweight" rating on Clearwire (CLWR).
Wunderlich reiterated its "Buy" rating on Comcast Co. (CMCSA). They have a price target of $33.00 on the company.
Piper Jaffray reiterated its "Overweight" rating on Costco (COST).
Morgan Keegan reiterated its "Outperform" rating on Enbridge Energy Partners LP (EEP). They have a price target of $35.00 on the company.
Deutsche Bank (NYSE:DB) reiterated its "Hold" rating on Yahoo! Inc. (YHOO). They have a price target of $13.00 on the company.
Piper Jaffray (NYSE:JPC) reiterated its "Overweight" rating on Apple, Inc (AAPL) was . They have a price target of $607.00 on the company.
Morgan Stanley (NYSE:MS) reiterated its "Underweight" rating on Clearwire (CLWR).
Wunderlich reiterated its "Buy" rating on Comcast Co. (CMCSA). They have a price target of $33.00 on the company.
Piper Jaffray reiterated its "Overweight" rating on Costco (COST).
Morgan Keegan reiterated its "Outperform" rating on Enbridge Energy Partners LP (EEP). They have a price target of $35.00 on the company.
Deutsche Bank (NYSE:DB) reiterated its "Hold" rating on Yahoo! Inc. (YHOO). They have a price target of $13.00 on the company.
Thursday, October 7, 2010
Canaccord Maintains "Hold" on Enbridge (NYSE:ENB) After Investor Day
Canaccord Genuity visited Enbridge Inc. (NYSE:ENB) for their annual investors day, and said afterward maintains a "Hold" on the company.
Canaccord said, "Enbridge hosted its annual 'Enbridge Day' in Toronto, updating the investment community on current and future initiatives and its financial outlook. The company is comfortable with its targeted 10% annual EPS growth through 2014 and 18% cash flow growth for the same period. In addition to current liquids transportation initiatives, ENB identified various platforms to fuel future growth (midstream, a re-entry into international investments, natural gas generation and electricity transmission) to give it - $30 billion of development opportunities. We continue to be impressed by the company’s ability to find new projects, and maintain our HOLD.
"While there may be some risk Enbridge could experience reduced earnings
and/or cash flow from the NEB’s final Alberta Clipper decision, our target
price reflects full earnings and cash flow."
The company closed Wednesday at $53.91, up slight to $0.02, or 0.04 percent. Canaccord has a price target of C$55 on them. In Toronto they closed at $54.50.
Canaccord said, "Enbridge hosted its annual 'Enbridge Day' in Toronto, updating the investment community on current and future initiatives and its financial outlook. The company is comfortable with its targeted 10% annual EPS growth through 2014 and 18% cash flow growth for the same period. In addition to current liquids transportation initiatives, ENB identified various platforms to fuel future growth (midstream, a re-entry into international investments, natural gas generation and electricity transmission) to give it - $30 billion of development opportunities. We continue to be impressed by the company’s ability to find new projects, and maintain our HOLD.
"While there may be some risk Enbridge could experience reduced earnings
and/or cash flow from the NEB’s final Alberta Clipper decision, our target
price reflects full earnings and cash flow."
The company closed Wednesday at $53.91, up slight to $0.02, or 0.04 percent. Canaccord has a price target of C$55 on them. In Toronto they closed at $54.50.
Friday, September 17, 2010
Enbridge (NYSE:ENB) Reopens Pipeline
After finding a leak on September in one of their pipelines and ultimately having to shut it down, Enbridge Energy Partners (NYSE:ENB) announced today it has now been reopened, again transporting crude oil from Canada to Illinois refineries.
The pipeline, which at full capacity can move up to 670,000 barrels of oil daily, reportedly provides close to 70 percent of the capacity for Chicago-area refineries.
Gas prices soared by as much as 15 cents a gallon in response to the shutting down of the pipeline.
The leak happened in the Chicago suburb of Romeoville, releasing about 6,100 barrels into the area before shutting it down.
The pipeline, which at full capacity can move up to 670,000 barrels of oil daily, reportedly provides close to 70 percent of the capacity for Chicago-area refineries.
Gas prices soared by as much as 15 cents a gallon in response to the shutting down of the pipeline.
The leak happened in the Chicago suburb of Romeoville, releasing about 6,100 barrels into the area before shutting it down.
Exxon (NYSE:XOM) Affected by Enbridge (NYSE:ENB) Pipeline Stoppage
Exxon Mobil Corp. (NYSE:XOM) said through a spokesman that the shut down of the oil pipeline of Enbridge (NYSE:ENB) has affected their operations.
Specifically impacted by the oil leak was Exxon's Joliet, Illinois refinery, which produces 238,600 barrels a day.
While there are challenges to solve the problem, Exxon spokesman Kevin Allexon said the refinery "continues to operate and we've made alternative crude supply arrangements. We expect to meet our contractual commitments for transportation fuels."
Exxon closed Thursday at $60.97, dropping $0.03, or 0.05 percent.
Specifically impacted by the oil leak was Exxon's Joliet, Illinois refinery, which produces 238,600 barrels a day.
While there are challenges to solve the problem, Exxon spokesman Kevin Allexon said the refinery "continues to operate and we've made alternative crude supply arrangements. We expect to meet our contractual commitments for transportation fuels."
Exxon closed Thursday at $60.97, dropping $0.03, or 0.05 percent.
Wednesday, September 15, 2010
Enbridge (NYSE:EEP) Given Go Ahead to Reopen Pipeline
The price of crude oil dropped today on the news Enbridge Energy Partners LP (NYSE:EEP) has been given permission to restart their pipeline which transports oil from Canada to the midwestern states of the U.S.
Sometime near the end of the week the pipeline should be operational again.
In what appears to be an overreaction concerning supply issues, prices are falling as reassurance the oil will flow has emerged.
After investigation, the government said there are no "systemic problems" with the pipeline, leading to the decision to reopen it.
Approximately 6,500 barrels of oil leaked from the pipe, which has been shut since September 9.
Sometime near the end of the week the pipeline should be operational again.
In what appears to be an overreaction concerning supply issues, prices are falling as reassurance the oil will flow has emerged.
After investigation, the government said there are no "systemic problems" with the pipeline, leading to the decision to reopen it.
Approximately 6,500 barrels of oil leaked from the pipe, which has been shut since September 9.
Monday, September 13, 2010
JP Morgan (NYSE:JPM): Enbridge (NYSE:EEP) Halt Could Reduce Oil by 300,000 Barrels a Day
JP Morgan (NYSE:JPM) oil analysts said the continued suspension by Enbridge (NYSE:EEP) of its damaged pipeline could result in close to 300,000 barrels of oil a day less than normal being delivered.
It could also extend longer than normal. JP Morgan said, "Such leaks are not unusual, and in normal circumstances we would expect the line to be up and running in a matter of days, but a rapid restart of the most recently shuttered pipeline is unlikely because of a 'lengthy' environmental review process."
The estimate by JP Morgan includes the provision of alternative routes to transport some of the oil.
Dubbed Line 6A, the pipeline transports crude oil from Canada to refineries in the U.S.
Early in the day Enbridge said they're searching for a variety of ways to deliver the oil until the pipeline is fixed.
The company said, "Enbridge's schedulers are working with shippers to divert crude oil volumes to other available pipelines and storage facilities."
It could also extend longer than normal. JP Morgan said, "Such leaks are not unusual, and in normal circumstances we would expect the line to be up and running in a matter of days, but a rapid restart of the most recently shuttered pipeline is unlikely because of a 'lengthy' environmental review process."
The estimate by JP Morgan includes the provision of alternative routes to transport some of the oil.
Dubbed Line 6A, the pipeline transports crude oil from Canada to refineries in the U.S.
Early in the day Enbridge said they're searching for a variety of ways to deliver the oil until the pipeline is fixed.
The company said, "Enbridge's schedulers are working with shippers to divert crude oil volumes to other available pipelines and storage facilities."
EPA Gives Enbridge (NYSE:EEP) Monday Noon Ultimatum
Enbridge (NYSE:EEP) workers are pushing hard to meet the Monday noon deadline given by the Environmental Protection Agency for the energy company to stop the flow of oil from the oil pipeline.
The oil pipeline leaking oil in the Chicago suburb of Romeoville.
On Friday, the oil had been leaking from the pipe at a rate of 200 to 600 gallons an hour, according to an EPA spokeswoman.
Enbridge spokesman Terri Larson said, "The leak site itself is contained but oil is continuing to drain out of the pipeline. As that oil drains out crews are cleaning it up."
The shutting down of the pipeline, which transports close to 459,000 barrels of oil a day from Superior, Wisconsin to Griffith, Indiana, has caused the price of oil to shoot up, based on the uncertainty as to when it'll be opened up again.
The oil pipeline leaking oil in the Chicago suburb of Romeoville.
On Friday, the oil had been leaking from the pipe at a rate of 200 to 600 gallons an hour, according to an EPA spokeswoman.
Enbridge spokesman Terri Larson said, "The leak site itself is contained but oil is continuing to drain out of the pipeline. As that oil drains out crews are cleaning it up."
The shutting down of the pipeline, which transports close to 459,000 barrels of oil a day from Superior, Wisconsin to Griffith, Indiana, has caused the price of oil to shoot up, based on the uncertainty as to when it'll be opened up again.
Saturday, September 11, 2010
Enbridge (NYSE:EEP) Ordered to Stop Pipeline Leak by Monday
On Friday the Environmental Protection Agency ordered Enbridge Energy Partners (NYSE:EEP) to stop the oil leak from the line located outside Chicago in the suburb of Romeoville.
According to EPA spokeswoman Anne Rowan, the pipeline is leaking from 200 to 600 gallons of crude an hour.
Terrance McGill, President of the Partnership said, "Crews worked through the night to contain the oil. As a result of their efforts, the site has now been isolated and the oil contained. No new oil is reaching the roadway, the nearby ditch or the retention pond. Enbridge expects to begin excavating the pipeline leak site today or early tomorrow."
Enbridge spokeswoman Terri Larson added, "The leak site itself is contained but oil is continuing to drain out of the pipeline. As that oil drains out crews are cleaning it up."
The EPA gave them till noon on Monday to stop the oil from draining from the pipeline.
According to EPA spokeswoman Anne Rowan, the pipeline is leaking from 200 to 600 gallons of crude an hour.
Terrance McGill, President of the Partnership said, "Crews worked through the night to contain the oil. As a result of their efforts, the site has now been isolated and the oil contained. No new oil is reaching the roadway, the nearby ditch or the retention pond. Enbridge expects to begin excavating the pipeline leak site today or early tomorrow."
Enbridge spokeswoman Terri Larson added, "The leak site itself is contained but oil is continuing to drain out of the pipeline. As that oil drains out crews are cleaning it up."
The EPA gave them till noon on Monday to stop the oil from draining from the pipeline.
Wednesday, September 8, 2010
Iamgold (NYSE:IAG) Names Enbridge (TSE:ENB) Exec as CEO
Iamgold (NYSE:IAG) announced it has chosen former executive vice president for gas transportation and international at Enbridge Inc.(TSE:ENB), Stephen Letwin, to take over the reins of the company.
Iamgold chairman William Pugliese said, "Steve brings a proven track record in both operations and acquisitions in a highly competitive sector of the resources industry.
"I am confident he will deliver superior returns to our stakeholders.”
Letwin is replacing interim CEO Peter Jones, who stepped in after the sudden and surprising departure of Joseph Conway, who had led the company for seven years.
Letwin will step into the role on November 1. He will also take on the position of president for Iamgold.
Iamgold chairman William Pugliese said, "Steve brings a proven track record in both operations and acquisitions in a highly competitive sector of the resources industry.
"I am confident he will deliver superior returns to our stakeholders.”
Letwin is replacing interim CEO Peter Jones, who stepped in after the sudden and surprising departure of Joseph Conway, who had led the company for seven years.
Letwin will step into the role on November 1. He will also take on the position of president for Iamgold.
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