January 04, 2013 at 11:25 AM EST
Enbridge (ENB) gains on expansion news
Normal 0 false false false MicrosoftInternetExplorer4 Enbridge Inc. (NYSE: ENB) shares hiked 0.5% to $43.75, after it today announced further expansion of the Canadian mainline system between Hardisty, Alberta, and the U.S. border. The expansion will add an additional 230,000 barrels per day of capacity at an estimated cost of approximately $0.4 billion Canadian and involves increased pumping horsepower, with no line pipe construction. The expansion will require regulatory approvals. Share volume was 23,000, compared to a daily average of 118,000 /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman"; mso-ansi-language:#0400; mso-fareast-language:#0400; mso-bidi-language:#0400;}
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