Enbridge believes that U.S. crude oil production will continue to play a critical role in meeting global energy demand for decades and this transaction further positions the Company to lead this mission. Specifically, this acquisition provides Enbridge with a strategic connection between the Bakken, Powder River Basin (PRB) and Denver-Julesburg (DJ) basins through Cushing and complements Enbridge's existing Express-Platte system. The Company expects the acquired business to generate significant free cash flows, provide future growth and create opportunities for operational synergies over time across its broader liquids pipeline network. Enbridge has issued shares by underwriters of the Big 5 to pay for the deal at $66.85 a share almost 3 dollars below today's close https://finance.yahoo.com/energy/articles/enbridge-acquire-tallgrass-crude-transportation-201400912.html
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7 Comments
Beskar Capital@beskar_capital · 28d
🏆
Mason Nordli@mnordli22 · 29d
Thanks for sharing Mike
CoderDonna @coderdonna · 28d
I have $ENB! (Lol, I always feel like yelling BINGO! when I have shares involved with good news!)
J E J
@kingdolla · 29d
I wonder how long before the Orange Manic in Chief threatens this deal?
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