Uncertainty in the stock market due to concerns over subprime lending and a growing credit crunch sent stocks down around the world, including Enbridge's.
Enbridge filed commercial terms with the Canadian government discussing agreements with shippers and other project details. Shares fall as investors anticipate future spending.
Enbridge and Exxon announced that they would assess the benefits of constructing a pipeline from an Illinois hub to Texas, causing shares to fall as investors anticipate rising future costs.
News of a 19% rise in profit for Q107 increases investor confidence, pushing shares up.