TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange:
Toronto Stock Exchange (20,806.63, down 14.80 points.)
Suncor Energy Inc. (TSX:SU). Energy. Down 15 cents, or 0.64 per cent, to $23.32 on 14.9 million shares.
Enbridge Inc. (TSX:ENB). Energy. Up 43 cents, or 0.86 per cent, to $50.55 on 13.8 million shares.
Manulife Financial Corp. (TSX:MFC). Financials. Up 20 cents, or 0.82 per cent, to $24.62 on 10.4 million shares.
Bombardier Inc. (TSX:BBD.B). Industrials. Up one cent, or 0.52 per cent, to $1.94 on 10 million shares.
BCE Inc. (TSX:BCE). Communications. Up 29 cents, or 0.44 per cent, to $66.02 on 8.1 million shares.
Canadian Natural Resources Ltd. (TSX:CNQ). Energy. Down 40 cents, or 0.91 per cent, to $43.42 on 7.3 million shares.
Companies in the news:
Enbridge Inc. (TSX:ENB). Up 43 cents, or 0.86 per cent, to $50.55. Canadian pipeline giant Enbridge Inc. is increasing its presence on the U.S. Gulf Coast through a US$3-billion acquisition. The Calgary-based company said Tuesday it will buy U.S.-based terminal and logistics company Moda Midstream Operating LLC from private-equity firm EnCap Flatrock Midstream. As part of the deal, Enbridge will acquire North America's largest crude export terminal, the Ingleside Energy Center located near Corpus Christi, Texas. The terminal, which will be renamed the Enbridge Ingleside Energy Center, comprises 15.6 million barrels of storage and 1.5 million barrels per day of export capacity. It loaded 25 per cent of all U.S. Gulf Coast crude exports in 2020. Enbridge has been seeking to build a strong position on the U.S. Gulf Coast to meet growing global demand for lower-cost, sustainable energy supply. The Ingleside Energy Center is located in proximity to low-cost and long-lived oil reserves in the Permian and Eagle Ford basins, said Enbridge chief executive Al Monaco. The facility is considered to be one of North America's most competitive export facilities, underpinned by 925,000 barrels per day of long-term take-or-pay vessel loading contracts and 15.3 million barrels of long-term storage contracts.
This report by The Canadian Press was first published Sept. 7, 2021.
The Canadian Press
