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Enbridge Inc. reported a quarterly earnings per share of $0.55, exceeding estimates, and declared a dividend increase to $0.676 per share, reflecting a 6.27% yield. Institutional investors have been actively increasing their stakes, with 54.60% of shares held by such entities. Analysts currently rate the stock as a "Hold," with some recent downgrades and upgrades noted.
Jim Cramer predicts that oil and natural gas stocks will prosper under President Trump and a Republican Congress, highlighting the natural gas ecosystem's potential for growth with federal support. He recommends stocks like EQT, Coterra, Energy Transfer, Kinder Morgan, Enbridge, Cheniere, and Sempra, noting the sector's recent recovery and optimism for the future.
Winnipeg's reliance on New Flyer, North America's largest bus manufacturer, is jeopardizing the company's future as it shifts focus to hydrogen fuel cell buses, which are more expensive and less reliable than battery-electric alternatives. This strategic misstep, compounded by conflicts of interest within the Canadian Urban Transit Research and Innovation Consortium, is leading to significant financial and operational challenges for both New Flyer and Winnipeg's transit system. As a result, the city risks becoming a captive market for a failing technology, potentially costing taxpayers billions.
CUTRIC's recent study on hydrogen buses has raised concerns over its reliability and potential conflicts of interest, as it appears to favor hydrogen solutions despite their high costs and operational inefficiencies. The study, funded by ZETF, may mislead transit agencies like Translink into adopting costly hydrogen options, influenced by board members with vested interests in hydrogen technology. A governance review is recommended to ensure transparency and to critically assess the viability of hydrogen bus fleets based on global experiences.
New Flyer faces scrutiny for its hydrogen bus strategy, which may jeopardize its market share due to inferior battery-electric offerings. The Canadian Urban Transit Research and Innovation Consortium (CUTRIC) is criticized for conflicts of interest, particularly with fossil fuel companies on its board, raising concerns about its commitment to decarbonization. The Zero Emissions Transit Fund"s definition of zero emissions is also questioned, as it may favor gray hydrogen over more sustainable options.
Enbridge Inc. is a leading energy transportation and distribution company operating across five segments: Liquids Pipelines, Gas Transportation and Midstream, Gas Distribution and Storage, Renewable Power Generation, and Energy Services. The company manages extensive pipelines and terminals for crude oil and liquid hydrocarbons in North America, alongside natural gas utilities and renewable energy investments, including wind and solar. Enbridge also owns the Aitken Creek gas storage facilities, enhancing its energy service capabilities.
Enbridge Inc. is engaging with Indigenous communities in Canada to explore a financial partnership, following a previous C$1.12 billion stake sale in its pipelines. A meeting is scheduled for November 20 in Edmonton, Alberta, to discuss the potential deal, though specific asset details remain undisclosed.

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