Enbridge Energy Management is a limited partner of Enbridge Energy Partners, L.P. (the Partnership), through its ownership of i-units, a class of the Partnership's limited partner interests. Under a delegation of control agreement among Co., the Partnership and Enbridge Energy Company, Inc. (the General Partner), Co. manages the Partnership's business and affairs. The General Partner is an indirect, wholly-owned subsidiary of Enbridge Inc., an energy transportation and distribution company based in Calgary, Alberta, Canada. We show 24 historical shares outstanding datapoints in our EEQ shares outstanding history coverage, used to compute EEQ market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing EEQ market cap history over the course of time is important for investors
interested in comparing EEQ's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of EEQ versus a peer is one thing; comparing
EEQ market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like EEQ can fluctuate over the course of history.
With this page we aim to empower investors researching EEQ by allowing them to research the EEQ market cap history. |
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Video: The Importance of Market Cap
