Enbridge Earnings, News -- February 14, 2020

Seaway Pipeline: old news, link here.

• looking to expand
• 850,000 bopd + 200,000 bopd = around 1 million bopd.
• wiki entry here;
• summary from SeekingAlpha contributor here, posted Feb 12, 2020:
• Seaway Crude Pipeline, the 50-50 joint venture owned by Enterprise Products Partners and Enbridge , has extended the binding open season currently underway to gauge shipper support for expanding system capacity.
• Seaway says it is also considering shipper feedback on the open season terms and may adapt terms to allow for the inclusion of additional crude types, among other modifications.
• the expansion could provide an incremental 200K bbl/day or more of light crude capacity and debottleneck and optimize the system, principally through pump upgrades.
• Seaway says as much as 100K bbl/day of initial expansion capacity could be available beginning in H2 2020 and enter full service in 2022.

Zacks forecast, February 7, 2020, link here:

• expected to post quarterly earnings of $0.50 per share (doesn't say whether US or Canadian, but appears to be US)
• represents a year-over-year change of 2%
• revenues are expected to be $9.54 billio, up 8.9% from the year-ago quarter

Quarterly report, link here, announced today:

• a 5.3% rise in adjusted quarter profit
• adjusted earnings of C$1.23 billion ($929.00 million) or 61 Canadian cents/share in 4Q19
• compared with C$1.17 billion, or 65 cents per share, a year earlier