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Canada OKs Reversal of Ontario Oil Pipeline

By Edward Welsch CALGARY, Alberta--The Canadian government on Friday approved Enbridge Inc.'s (ENB) proposal to reverse the flow of its Line 9 oil pipeline from Sarnia to Westover in Ontario. The reversal will allow Enbridge customer Imperial Oil Ltd. (IMO) to feed its Nanticoke refinery with cheaper crude oil stocks from western Canada. It is also the first stage in Enbridge's plan to reverse the Line 9 pipeline all the way to Montreal, so that refineries there including one operated by Suncor Energy Inc. (SU) could also replace their current higher-cost imported crude oil feedstocks with western Canadian oil. Some environmental groups and citizens opposed the reversal at public hearings in May, saying they didn't want the pipeline's reversal to support the growth of the oil sands industry in Western Canada. Enbridge said in May the full Line 9 reversal could ship up to 240,000 barrels a day to Montreal by early 2014. Write to Edward Welsch at Subscribe to WSJ:

Stock News for Imperial Oil (IMO)
02/08/201617:23:09Statement of Ownership (sc 13g)
02/04/201614:30:00Suncor CEO Vows to Protect Dividend Amid Oil-Price Swoon
02/03/201623:10:00Canadian Oil Giant Suncor Energy Posts Loss
02/02/201611:35:33Current Report Filing (8-k)
02/02/201607:56:00Déclaration de dividende - premier trimestre
02/02/201607:56:00First quarter dividend declaration
02/02/201607:55:00L'Impériale a dégagé 1,1 milliard de dollars en 2015; 102 M...
02/02/201607:55:00Imperial earns $1.1 billion in 2015; $102 million in fourth quarter
01/04/201616:10:00Suncor Doesn't Rule Out Raising Bid for Canadian Oil Sands
11/30/201520:30:00Canadian Oil Sands' 'Poison Pill' Plan Upheld by Regulator
11/27/201503:02:00Canadian Oil Sands Attracts Interest
11/26/201505:20:00Canadian Oil Sands Cites Potential Suitors in Effort to Fend...
11/04/201511:53:37Quarterly Report (10-q)
10/30/201509:56:08Current Report Filing (8-k)
10/30/201507:56:00Déclaration de dividende - quatrième trimestre
10/30/201507:56:00Fourth quarter dividend declaration
10/30/201507:55:00L'Impériale dégage 479 M$ au troisième trimestre de 2015
10/30/201507:55:00Imperial earns $479 million in third quarter of 2015
10/29/201520:10:00Canadian Oil Sands Posts Net Loss
10/29/201515:20:00Canada's Suncor Energy on Hunt for M&A Deals

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