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Exchange | TO |
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CurrencyCode | CAD |
Sector | Energy |
Industry | Oil & Gas Midstream |
ISIN | None |
PE Ratio | 9.26 |
---|---|
Target Price | None |
Dividend Yield | 4.7% |
Beta | nan |
Market Cap | 3B |
Westcoast Energy Inc., through its subsidiaries, owns and operates natural gas-related energy assets in Canada. The company provides transmission of natural gas services to customers in western Canada, the United States Pacific Northwest, and the Maritime Provinces in Canada. It has approximately 2,900 kilometers of transmission pipelines in British Columbia and Alberta, as well as associated mainline compressor stations and is capable of transporting over 3.1 billion cubic feet of natural gas per day. The company also owns natural gas transmission system of approximately 890 kilometers, which extends from Goldboro, Nova Scotia to the United States border near Baileyville, Maine. In addition, it is involved in the storage, transmission, and distribution of natural gas in Ontario. The company serves approximately 3.8 million residential, commercial, and industrial customers. The company was formerly known as Westcoast Transmission Company Limited and changed its name to Westcoast Energy Inc. in 1988. Westcoast Energy Inc. was incorporated in 1949 and is headquartered in Calgary, Canada. Westcoast Energy Inc. is a subsidiary of Enbridge Inc.
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