{"id":15769,"date":"2018-06-19T13:59:28","date_gmt":"2018-06-19T18:59:28","guid":{"rendered":"http:\/\/nrgibroker.com\/?p=15769"},"modified":"2018-06-19T13:59:28","modified_gmt":"2018-06-19T18:59:28","slug":"enbridge-enb-commences-mex-border-pipelines-offshore-work","status":"publish","type":"post","link":"https:\/\/nrgibroker.com\/en\/enbridge-enb-commences-mex-border-pipelines-offshore-work\/","title":{"rendered":"Enbridge (ENB) Commences Mex-Border Pipeline’s Offshore Work"},"content":{"rendered":"

Zacks Equity Research \/ June 14<\/a><\/p>\n

 <\/p>\n

Enbridge Inc.<\/strong>\u00a0(ENB<\/span>\u00a0–\u00a0Free Report) recently started construction work on its Valley Crossing natural gas pipeline\u2019s border crossing offshore part, per Reuters. The $1.6 billion pipeline that lies between Mexico and Texas is scheduled to come online in October.<\/p>\n

The energy infrastructure company is currently working on a 305-meter part of the pipeline\u2019s offshore section, while the rest 165-mile onshore and offshore section is ready for operation. The company has plans to start the pipeline\u2019s commissioning process soon.<\/p>\n

Significance of the Pipeline<\/strong><\/p>\n

The Valley Crossing pipeline has a shipping capacity of 2.6 billion cubic feet of natural gas per day (Bcf\/d). It will transport gas from Texas to Mexico\u2019s growing energy market. Following the\u00a0energy reform\u00a0in Mexico, the country witnessed a rising interest from international oil and gas companies.<\/p>\n

Energy-related imports have risen in the country over the past few years. Mexico\u2019s year-to-date average gas import from the United States currently stands at 4 Bcf\/d.<\/p>\n

The pipeline is designed to supply clean burning gas primarily to the Mexican state-run utility company, Federal Electricity Commission aka CFE, which has around 37 million clients. Moreover, the pipeline is expected to open new market opportunities for the gas producers in Texas. As a result, Enbridge\u2019s cash flow is expected to benefit immensely.<\/p>\n

There\u2019s More<\/strong><\/p>\n

The Valley Crossing pipeline would to be connected to the Sur de Texas-Tuxpan pipeline in the Gulf of Mexico, and is expected to create a huge pipeline network between the United States and Mexico. The Sur de Texas-Tuxpan pipeline is currently being built by a joint venture between Sempra Energy (SRE<\/span>\u00a0–\u00a0Free Report) and TransCanada Corp. (TRP<\/span>\u00a0–\u00a0Free Report) .<\/p>\n

Price Performance<\/strong><\/p>\n

Calgary Canada-based Enbridge has lost 14% in the past year compared with 7.4% decline of its\u00a0industry.<\/p>\n

Zacks Rank and One Stock to Consider<\/strong><\/p>\n

Enbridge Energy carries a Zacks Rank #3 (Hold). Investors interested in the Energy sector can opt for a better-ranked stock like Delek US Holdings, Inc. (DK<\/span>–\u00a0Free Report) that sports a Zacks Rank #1 (Strong Buy). You can see\u00a0the complete list of today\u2019s Zacks #1 Rank stocks here<\/strong>.<\/p>\n

Brentwood, TN-based Delek is an energy company. The company\u2019s top line for 2018 is anticipated to improve 39.2% year over year, while its bottom line is expected to increase 230.2%.<\/p>\n

 <\/p>\n

Zacks Equity Research \/ June 14<\/a><\/p>\n

 <\/p>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

Zacks Equity Research \/ June 14   Enbridge Inc.\u00a0(ENB\u00a0–\u00a0Free Report) recently started construction work on its Valley Crossing natural gas pipeline\u2019s border crossing offshore part, per Reuters. The $1.6 billion pipeline that lies between Mexico and Texas is scheduled to come online in October. The energy infrastructure company is currently working on a 305-meter part […]<\/p>\n","protected":false},"author":18,"featured_media":15783,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1470,1474,1017,1478],"tags":[231,199,754,1212,1177],"class_list":["post-15769","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hydrocarbons-storage","category-mexicos-energy-reform","category-news","category-pipelines","tag-energy-reform","tag-mexico","tag-oil-and-gas","tag-pipelines","tag-texas"],"_links":{"self":[{"href":"https:\/\/nrgibroker.com\/en\/wp-json\/wp\/v2\/posts\/15769","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nrgibroker.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nrgibroker.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nrgibroker.com\/en\/wp-json\/wp\/v2\/users\/18"}],"replies":[{"embeddable":true,"href":"https:\/\/nrgibroker.com\/en\/wp-json\/wp\/v2\/comments?post=15769"}],"version-history":[{"count":0,"href":"https:\/\/nrgibroker.com\/en\/wp-json\/wp\/v2\/posts\/15769\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nrgibroker.com\/en\/wp-json\/wp\/v2\/media\/15783"}],"wp:attachment":[{"href":"https:\/\/nrgibroker.com\/en\/wp-json\/wp\/v2\/media?parent=15769"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nrgibroker.com\/en\/wp-json\/wp\/v2\/categories?post=15769"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nrgibroker.com\/en\/wp-json\/wp\/v2\/tags?post=15769"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}