Despite all the hype and hoopla and risk and concern and headlines, in the end shutting down a state's entire oil supply is not practicable and Line 3 will be proceeding. All good news for ENB with no major regulatory challenges really left for them at this point on any of their projects. And a really nice 5.8% dividend yield to boot. Even though the stock is up 25% since Sep plus two dividends, it trades at a discount still to peers like TRP and PPL. Now my biggest holding just because of the gain, I remember being a big buyer of this two years ago in the $39-41 range. Dividend is up 20% since then.Sounds like "start in 2019" means permits in the fall and maybe a late construction start, but in-service still likely mid next year. Still, good news, and predictable result. Shutting down Line 3 is just not practical, it supplies too much oil to local refineries in the mid-west which can't just ship in container ships full of gasoline to meet the state's demands.
Interesting news indeed. At least he took a few days off to relax.
nice finish Alta.which exceeds my remaining time in a vertical position.
Saw an article that indigenous groups were starting another lawsuit to stop it because , wait for it....the influx of workers would increase their risk of getting c19!