10:50:27 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



Enbridge Inc
Symbol ENB
Shares Issued 929,112,973
Close 2016-06-07 C$ 54.49
Market Cap C$ 50,627,365,899
Recent Sedar Documents

FP says Enbridge expected to launch more acquisitions

2016-06-07 05:30 ET - In the News

The Financial Post reports in its Tuesday, June 7, edition that Enbridge ($54.49) has been focused on organic growth for several years, but once its current projects are placed into service, it may once again begin to target acquisitions. The Post's Jonathan Ratner writes in the Trading Desk column that more than $40-billion worth of assets are expected to be placed into service across the Enbridge group of companies between 2013 and 2019. CIBC World Markets analyst Paul Lechem says Enbridge's organic growth programs make it a leader in this respect among energy infrastructure companies. However, that organic growth will slow, and the low oil price environment will make it tough to find attractive investments in the company's core liquids pipeline business. That is why Mr. Lechem anticipates acquisitions that will expand Enbridge's exposure to non-core areas such as gas pipelines and processing, and power generation. The Post reported on April 8 that Portfolio Management director Norman Levine said a market pullback had made Enbridge more attractive. He said in the item, "The volatility made valuations somewhat more attractive, but not low enough to tempt us back in." Enbridge was then worth $49.54.

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