A Pipeline Explosion Overshadows Enbridge's Earnings
Enbridge (NYSE: ENB) was looking like it was on the up and up during its last quarterly report, which showed off what its results look like as a single entity. It was making progress -- albeit slow progress -- on expanding its flagship main-line oil pipeline system, and its balance sheet was looking healthier by the day.
Instead of celebrating another good quarter, though, Enbridge is facing issues related to an explosion at one of its natural gas lines in Kentucky, the consequences of which are not yet known. Let's take a look at the most recent quarter and what investors can expect now that it is facing another pipeline nightmare.
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