09:12:02 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Enbridge Inc
Symbol ENB
Shares Issued 867,612,878
Close 2016-01-28 C$ 46.45
Market Cap C$ 40,300,618,183
Recent Sedar Documents

Globe/CP say Enbridge buying some Murphy Oil gas plants

2016-01-29 06:53 ET - In the News

Also In the News (C-ENF) Enbridge Income Fund Holdings Inc

The Globe and Mail reports in its Friday, Jan. 28, edition that Enbridge is purchasing the Tupper Main and Tupper West gas plants and associated pipelines in northeastern British Columbia from a division of Murphy Oil for $538-million. A Canadian Press dispatch to The Globe reports that Enbridge says the deal initially will be paid for from available sources of liquidity, adding that the purchase had been anticipated in the company's long-term capital expenditure plan. The two plants are about 35 kilometres southwest of Dawson Creek, adjacent to Enbridge's existing Sexsmith gathering system and close to the Alliance pipeline, which is 50 per cent owned by Enbridge Income Fund. "This acquisition fits extremely well with Enbridge's low-risk value proposition and supports our key priority of extending and diversifying growth," said Gregory Harper, president of gas pipelines and processing. "These assets, which are currently in operation, are underpinned by long-term contracts that generate highly predictable cash flows. They also enhance our natural gas footprint within the Montney." The transaction is subject to regulatory review and approval.

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