14:39:49 EDT Tue 07 May 2024
Enter Symbol
or Name
USA
CA



Enbridge Inc
Symbol ENB
Shares Issued 2,125,574,098
Close 2023-09-19 C$ 46.98
Market Cap C$ 99,859,471,124
Recent Sedar Documents

Globe says stock sales soar for Enbridge, others

2023-09-19 08:02 ET - In the News

Also In the News (C-DHT) DRI Healthcare Trust
Also In the News (C-IFC) Intact Financial Corp
Also In the News (C-PEY) Peyto Exploration & Development Corp

The Globe and Mail reports in its Tuesday, Sept. 19, edition that September stock sales offer hope that capital markets are bouncing back. The Globe's Jameson Berkow writes that over less than one week after Labour Day, the amount of money raised by Canadian companies through stock sales rivalled the total for the first six months of the year. Led by a blockbuster $4.6-billion bought deal from Enbridge, financings from Peyto Exploration & Development, Intact Financial, DRI Healthcare Trust and a half-dozen other companies pushed the total for the first full week of September past $5.5-billion. Compare that with the $5.9-billion raised by Canadian corporate stock sales from early January through the end of June. Most of the post-Labour Day deals were fully oversubscribed -- meaning investor demand to buy all those new shares significantly outstripped expectations. CIBC stockpicker Tyler Swan says: "Whether or not this is just a one-week phenomenon and then things get quiet again, we do think sentiment has improved and we will see a higher level of issuance activity. The glass is certainly more half full than half empty now." RBC's Nitin Babbar says debt markets have also come "screaming back to life."

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