RE:likely confirmation of Middlefield holding cash Obscure...
ENB has announced that they intend to do the raise but the question is the pricing. I think the market has priced in normal expected values regarding the pricing. If you are right about Middlefield then that would suggest that they anticipate pricing for the raise that the market hasn't priced in correctly or that they know that the raise is imminent and they can use their cash to get a better price than open market buys right now.
Both of us have been around that Mulberry Bush enough times in our "previous lives" to know that a 'wink and a nod" is all Middlefield needs to make a decision and ENB mangement knows how to "wink and nod" without violating securities law.
I am long ENS but will follow the lead of Middlefield in terms of further buys...