In the wake of Enbridge's (ENB +1%) 27% drop in Q1 profit due to hedging losses, the Canadian...

|About: Enbridge Inc. (ENB)|By:, SA News Editor

In the wake of Enbridge's (ENB +1%) 27% drop in Q1 profit due to hedging losses, the Canadian energy transporter emphasizes growth projects, saying it has secured the first step of its plan to pipe western crude to eastern Canada by expanding one line and reversing another, and expecting the Seaway pipeline to come on line on May 17 with an initial capacity of 150K bbl/day.