Wednesday, May 18, 2011

Enbridge Sees Growth Stretching Out

This is the strongest growth that we've had,and we see it going five years out,says Enbridge,Incorporated's CEO Patrick Daniel.The Canada-based energy delivery company serves North America with its transport and distribution of oil and natural gas,as well as its interests in renewable and green energy technologies ranging from wind to solar.The Canadian oil sands,as well as the Bakken and Eagleford shales,will make us much less dependent on foreign oil than we are,there's no doubt,Mr.Daniel believes.
Canadian energy producers like the optionality of our largest pipeline system in the world.In addition to Enbridge's vast and complex oil pipeline system,we think we're in a very strong position to export Canadian natural gas.
Citing the Gateway Pipeline to the west coast,Mr.Daniel promotes Enbridge as a jobs-creator.They're very good jobs that stem from both the construction and operation of our pipelines,he indicates.
Enbridge employs 6,000 Canadian and American workers.The company has never cut its dividend in 55 years.It is listed on both the Toronto and New York stock exchanges under the same ticker symbol,ENB.

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