The House of Representatives approved a bill as expected on Wednesday declaring that a presidential permit was not needed to approve the Canada-to-Nebraska leg of the Keystone XL oil pipeline.
Enbridge CEO Al Monaco said Enbridge has $15 billion in hand to put into pipeline expansion.
Think the past week was busy? Wait until you get a load of what’s on Cramer’s radar for this week.
US crude advanced on Tuesday on hopes that Washington could be edging closer to a deal to avert the so-called fiscal cliff.
Al Monaco, Enbridge president and CEO, discusses his company's plans to increase pipeline capacity from North Dakota to refineries in the Midwest and Canada, with Mad Money host Jim Cramer.
In this uncertain market, you have to be able to fall back on big, long-term themes that are too powerful to be swept away by the endless idiocy in Washington, said Cramer.
Some of the names on the move ahead of the open.
Nov 5- Enbridge Income Fund Holdings Inc:. *Sets a cash dividend of $0.103 per common share. *Source text* Further company coverage.
VANCOUVER, Nov 4- In this era of pipelines spanning thousands of miles, the idea of shipping crude across North America in railway cars might seem a quaint throwback to the oil pioneering days of the West.
SUMNER, Texas-- Oil has long lived in harmony with farmland and cattle across the Texas landscape, a symbiosis nurtured by generations and built on an unspoken honor code that allowed agriculture to thrive while oil was extracted. In the minds of some landowners approached by TransCanada for land, the company has broken the code.
NEW YORK/ HOUSTON, Oct 11- Oil major BP Plc has secured U.S. government permission to ship U.S. crude oil to Canada, and Royal Dutch Shell has applied for an export license, as rising production in the world's top oil consumer upends global energy flows.
Oct 11- Canada's main stock index looked set to open higher on Thursday, on expectations that Spain would be pressured to seek a sovereign bailout after S&P downgraded it to just one notch above junk. *The IMF backed giving debt-burdened Greece and Spain more time to reduce their budget deficits, cautioning that cutting too far, too fast would do more harm than good.
*A Canadian naval intelligence officer pleaded guilty to spying for Russia, a public admission of an embarrassing espionage scandal that has damaged Canada's reputation among allies and will likely reverberate for years.
VANCOUVER, Oct 10- Enbridge Inc needs to do a better job of communicating to most British Columbians and other Canadians the merits of its contentious Northern Gateway oil pipeline planned for the Western Canadian province, a senior company official said on Wednesday.
*Terms of the deal with Phillips 66 not disclosed* Terminal has 5 million barrels of storage capacity* It is located 80 miles east of New York Harbor.
*Canada expects Indian companies will make oil sands deals. *Chinese bid for oil producer Nexen makes waves in Canada. To some political consternation in Canada, China is rapidly buying up assets in the tar sands of northern Alberta, one of the world's biggest crude oil deposits.
*Bmo raises Enbridge Inc to outperform; price target to C $47 from. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
*Parliament held an emergency debate Wednesday night on how to respond to an E. coli outbreak that has triggered the country's largest beef recall and sent the Harper government scrambling to defend the safety of Canada's food supply.
TORONTO, Oct 3- Canada's main stock index ended modestly lower on Wednesday, as signs of a worsening economic slowdown in China and Europe weighed on commodity prices and resource shares, offsetting better-than-expected U.S. data. Canadian Natural Resources was the most influential decliner, down 2.9 percent to C $30.28.
MARSHALL, Mich.-- The U.S. Environmental Protection Agency on Wednesday told Enbridge Inc. that the pipeline company's massive 2010 oil spill in the Kalamazoo River system requires more cleanup work. The agency says it informed Enbridge more work is need upstream from the Ceresco and Battle Creek dams and Morrow Lake.