Enbridge is an energy transportation and distribution company. Co. conducts its business through five business segments: Liquids Pipelines, which consists of pipelines and related terminals in that transport various grades of crude oil and other liquid hydrocarbons; Gas Transmission and Midstream, which consists of investments in natural gas pipelines and gathering and processing facilities; Gas Distribution and Storage, which consists of Co.'s natural gas utility operations; Renewable Power Generation, which consists primarily of investments in wind and solar power generating assets; and Energy Services, which undertake physical commodity marketing activity and logistical services. We show 37 historical shares outstanding datapoints in our ENB shares outstanding history coverage, used to compute ENB market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing ENB market cap history over the course of time is important for investors
interested in comparing ENB'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 ENB versus a peer is one thing; comparing
ENB 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 ENB can fluctuate over the course of history.
With this page we aim to empower investors researching ENB by allowing them to research the ENB market cap history. |
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Video: The Importance of Market Cap
