Enbridge has begun construction on its C$4.00 billion Sunrise Expansion in British Columbia, adding about 87 miles of pipeline and 300 million cubic feet per day of capacity to its Westcoast natural gas system, and reaffirmed its 2026 guidance and dividend outlook. Distributable cash flow covered the dividend 1.51 times in 2025, and the company has a C$41 billion secured backlog. The article flags the key risk as delays or underperforming assets keeping leverage above target. Its narrative projects revenue of CA$79.3 billion and earnings of CA$8.1 billion by 2029, implying a fair value of CA$79.11 per share. Six fair value estimates from the Simply Wall St Community range from about C$47 to C$268.69 per share.
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