The Online Investor

Slideshow Stock Buybacks

By The Online Investor Staff, updated Mon., Jan. 24, 1:11 PM

Slide #22. Enbridge Inc.

Company: Enbridge Inc. (TSE:ENB.CA)
Share Amount Authorized: 31,062,331
Buyback Details: Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge or the Company) announced today that the Toronto Stock Exchange (TSX) has approved the Company's normal course issuer bid (NCIB) to purchase, for cancellation, up to 31,062,331 of its outstanding common shares to an aggregate amount of up to $1.5 billion. Purchases under the NCIB may be made through the facilities of the TSX, the New York Stock Exchange (NYSE) and other designated exchanges and alternative trading systems, commencing on January 5, 2022 and continuing until January 4, 2023, when the bid expires, or such earlier date on which the Company has either acquired the maximum number of common shares allowable under the NCIB or otherwise decides not to make any further repurchases under the NCIB. The maximum number of common shares that Enbridge may repurchase for cancellation represents approximately 1.53% of the 2,026,085,179 common shares issued and outstanding as at December 22, 2021.

Enbridge is an energy transportation and distribution company. Co. conducts its business through five business segments: Liquids Pipelines, which consists of pipelines and related terminals in that transport various grades of crude oil and other liquid hydrocarbons; Gas Transmission and Midstream, which consists of investments in natural gas pipelines and gathering and processing facilities; Gas Distribution and Storage, which consists of Co.'s natural gas utility operations; Renewable Power Generation, which consists primarily of investments in wind and solar power generating assets; and Energy Services, which undertake physical commodity marketing activity and logistical services.


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Company Name: 
Enbridge Inc
Oil & Gas Equipment & Services
Number of ETFs Holding ENB.CA: 
Total Market Value Held by ETFs: 
Total Market Capitalization: 
% of Market Cap. Held by ETFs: 

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