Canada: Enbridge Reports First Quarterly Loss in Two Years

Posted by Bloomberg: Jeremy van Loon on February 17th, 2014
Bloomberg: Enbridge Inc. (ENB), the largest transporter of Canadian crude to the U.S., reported its first quarterly loss in two years on hedging contracts. The fourth-quarter net loss was C$267 million ($244 million), or 32 cents a share, compared with a profit of C$146 million, or 18 cents, a year earlier, the Calgary-based company said today in a statement. Excluding one-time items, the company reported a 44-cent per-share profit, missing the 45-cent average of 14 analysts’ estimates compiled by Bloomberg.......

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