Enbridge traded at 70.61 this Friday August 14th, decreasing 0.86 or 1.20 percent since the previous trading session. Looking back, over the last four weeks, Enbridge lost 10.53 percent. Over the last 12 months, its price rose by 8.61 percent. Looking ahead, we forecast Enbridge to be priced at 69.05 by the end of this quarter and at 64.57 in one year, according to Trading Economics global macro models projections and analysts expectations.
Enbridge Inc. is an energy infrastructure company with business platforms that include a network of crude oil, liquids and natural gas pipelines, regulated natural gas distribution utilities and renewable power generation. It operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution, Green Power and Transmission, and Energy Services. Liquids Pipelines consists of pipelines and related terminals that transport various grades of crude oil and other liquid hydrocarbons. Gas Transmission and Midstream consists of its investments in natural gas pipelines and gathering and processing facilities, including US Gas Transmission, and Canadian Gas Transmission and Midstream. Gas Distribution consists of its natural gas utility operations. Green Power and Transmission consists of investments in renewable energy assets and transmission facilities. The Energy Services businesses undertake physical commodity marketing activity and logistical services.