Enbridge Inc
ENB: XTSE (CAN)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
CAD 57.00 | Zkcvy | Lvhlcvwl |
Another Significant House Bill on Energy Permitting Reform Passes but Looks Doomed in Senate for Now
On March 30, the U.S. House of Representatives voted 225-204 to pass HR 1, the Lower Energy Costs Act. While Democrats in the Senate have indicated they will reject the legislation in its current form, we still consider this a positive step forward for oil and gas (and solar and wind) permitting reform in the United States.