--- Enbridge back in the black as oil shipments rise

nbridge (TSX, NYSE:ENB), Canada’s largest pipeline company, swung back to profit in the first three months of the year, compared with a year ago loss, thanks to increased crude shipments and new projects coming into service.

Net income in the first quarter was Cdn$1.21 billion ($940 million), or $1.38 a share, compared with a loss of Cdn$383 million, or 46 cents, a year earlier, the Calgary-based company said in a statement Thursday.

The company delivered about 2.5 million barrels per day (bpd) of crude oil through its Canadian mainline system during the quarter, up from 2.2 million bpd a year earlier.

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