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  5. ENB: Is closing of Line 5 still a risk that could hurt futher upswing or do they have enough projects to negate that ? [Enbridge Inc]
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Q: Is closing of Line 5 still a risk that could hurt futher upswing or do they have enough projects to negate that ?
Asked by terrance on May 13, 2025
5i Research Answer:

There is still some risk, but investors seem to have priced it in, and the company does have a significant project backlog planned. Line 5 contributes about 10% to ENB's income. The line is still in dispute, but under President Trump's 'energy emergency' the Army Corps of engineers has sped up the approval process. This does not guarantee approval, but it does 'lean' to a positive development.