{"id":9890,"date":"2023-06-26T19:17:17","date_gmt":"2023-06-26T16:17:17","guid":{"rendered":"http:\/\/alssabiqun.com\/?p=9890"},"modified":"2023-06-26T19:17:17","modified_gmt":"2023-06-26T16:17:17","slug":"n-american-pipeline-operator-enbridge-swings-to-loss-on-1-86-bln-2","status":"publish","type":"post","link":"https:\/\/alssabiqun.com\/?p=9890","title":{"rendered":"N. American pipeline operator Enbridge swings to loss on $1.86 bln&#8230;"},"content":{"rendered":"<p><a href=\"https:\/\/cayyolunakliye.com\/\"><img decoding=\"async\" src=\"https:\/\/evigetir.com\/ankara\/sliderimages\/7.png\" style=\"max-width:410px;float:right;padding:10px 0px 10px 10px;border:0px;\"><\/a><\/p>\n<p class=\"mol-para-with-font\">By Arshreet Singh and Rod Nickel<\/p>\n<p class=\"mol-para-with-font\">Feb 10 (Reuters) &#8211; North American pipeline operator Enbridge Inc on Friday posted a quarterly loss from a year-ago profit as it took a non-cash C$2.5 billion ($1.86 billion) hit from higher cost of capital related to its natural gas transmission business.<\/p>\n<p class=\"mol-para-with-font\">U.S.refinery outages, a global glut of high sulphur fuel oil and the U.S. Strategic Petroleum Reserve releases of heavy sour barrels weakened demand for Western Canada Select crude in the fourth quarter.<\/p>\n<p class=\"mol-para-with-font\">Enbridge, a leading transporter of crude oil and natural gas, delivered 3.1 million barrels of oil per day (bpd) on its Mainline system, slightly higher than the 3 million bpd delivered a year ago.<\/p>\n<p class=\"mol-para-with-font\">The Calgary-based company lost C$1.07 billion,  <a href=\"http:\/\/apinator.net\/index.php?title=Cops_Find_3_Billion_In_Stolen_Bitcoin_Stashed_In_A_Popcorn_Tin\">eVdEn eVe NaKLiYAT<\/a> or 53 Canadian cents, in the fourth quarter, compared with a profit of C$1. If you adored this article and you would like to obtain even more info pertaining to <a href=\"https:\/\/evigetir.com\/evdeneve\/uluslararasi.html\">evden eVe nAKLiYAt<\/a> kindly go to our own webpage. 84 billion, or 91 Canadian cents per share, in the year-ago quarter.<\/p>\n<p class=\"mol-para-with-font\">Gas transmission projects account for just over half of Enbridge&#8217;s C$18-billion, multi-year capital program.Chief Executive Greg Ebel told analysts that Enbridge is in good position to manage inflation because the timing of its projects is staggered.<\/p>\n<p class=\"mol-para-with-font\">On an adjusted basis, Enbridge earned 63 Canadian cents per share, missing analysts&#8217; average expectation of 73 Canadian cents, according to Refinitiv data.The company cited rising interest rates in its lower adjusted earnings.<\/p>\n<p class=\"mol-para-with-font\">Enbridge shares rose 0.5% in Toronto.<\/p>\n<p class=\"mol-para-with-font\">Enbridge is in &#8220;constructive&#8221; negotiations with oil shippers on a new basis to charge for space on its Mainline, Ebel said, after the Canada Energy Regulator rejected in 2021 Enbridge&#8217;s plan to sell nearly all of its space under long-term contract.<\/p>\n<p class=\"mol-para-with-font\">Enbridge currently rations Mainline space monthly and  <a href=\"https:\/\/evigetir.com\/evdeneve\/ee.html\">evden EVE NaKLiYAT<\/a> faces new competition when the Trans Mountain pipeline expansion wraps up late this year.<\/p>\n<p class=\"mol-para-with-font\">The Mainline is Canada&#8217;s longest oil pipeline, moving crude from Western Canada to refineries in Eastern Canada and the U.S.Midwest. ($1 = 1.3447 Canadian dollars) (Reporting by Arshreet Singh and Rod Nickel; Editing by Devika Syamnath and Marguerita Choy)<\/p>\n<\/div>\n<p><!-- ad: website --><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Arshreet Singh and Rod Nickel Feb 10 (Reuters) &#8211; North American pipeline operator Enbridge Inc on Friday posted a quarterly loss from a year-ago profit as it took a non-cash C$2.5 billion ($1.86 billion) hit from higher cost of capital related to its natural gas transmission business. U.S.refinery outages, a global glut of high &hellip;<\/p>\n","protected":false},"author":12200,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":true,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2852],"tags":[2848],"class_list":["post-9890","post","type-post","status-publish","format-standard","hentry","category-vehicles-cars","tag-evden-eve-nakliyat"],"_links":{"self":[{"href":"https:\/\/alssabiqun.com\/index.php?rest_route=\/wp\/v2\/posts\/9890","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alssabiqun.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alssabiqun.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alssabiqun.com\/index.php?rest_route=\/wp\/v2\/users\/12200"}],"replies":[{"embeddable":true,"href":"https:\/\/alssabiqun.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9890"}],"version-history":[{"count":1,"href":"https:\/\/alssabiqun.com\/index.php?rest_route=\/wp\/v2\/posts\/9890\/revisions"}],"predecessor-version":[{"id":9891,"href":"https:\/\/alssabiqun.com\/index.php?rest_route=\/wp\/v2\/posts\/9890\/revisions\/9891"}],"wp:attachment":[{"href":"https:\/\/alssabiqun.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9890"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alssabiqun.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9890"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alssabiqun.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9890"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}