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NYBob

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Re: lexi2004 post# 211

Thursday, 02/04/2010 12:31:02 PM

Thursday, February 04, 2010 12:31:02 PM

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Enbridge eyes oil sands gains as profit rises
CALGARY, Alberta (Reuters) -

Enbridge Inc is poised to take advantage of the quickening recovery in Canada's oil sands sector as more developers sign deals to move the tar-like crude on its oil pipeline network, the company's chief executive said on Wednesday. After reporting a 14 percent jump in fourth-quarter earnings, Enbridge CEO Pat Daniel said he is not surprised by the pickup in oil sands activity, which has accelerated in recent weeks as several companies have moved projects forward


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