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Enbridge Inc T.ENB

Alternate Symbol(s):  ENB | T.ENB.PF.A | ENBSF | T.ENB.PF.C | ENBOF | T.ENB.PF.E | ENBFF | T.ENB.PF.G | T.ENB.PF.U | EBBNF | EBGEF | T.ENB.PF.V | ENBGF | T.ENB.PR.A | EBRGF | T.ENB.PR.B | EBRZF | T.ENB.PR.D | T.ENB.PR.F | ENBHF | T.ENB.PR.H | ENBRF | T.ENB.PR.J | T.ENB.PR.N | ENNPF | T.ENB.PR.P | ENBMF | T.ENB.PR.T | T.ENB.PR.V | EBBGF | ENBNF | T.ENB.PR.Y | T.ENB.PF.K | T.ENB.PR.G | T.ENB.PR.I | T.ENB.PR.Z

Enbridge Inc. is an energy transportation and distribution company. The Company operates through five business segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation, and Energy Services. Liquids Pipelines consists of pipelines and terminals in Canada and the United States that transport and export various grades of crude oil and other liquid hydrocarbons. Gas Transmission and Midstream consists of its investments in natural gas pipelines and gathering and processing facilities in Canada and the United States. Gas Distribution and Storage consists of its natural gas utility operations. Renewable Power Generation consists of investments in wind and solar assets, geothermal, waste heat recovery, and transmission assets. Energy Services provides physical commodity marketing, logistics services, and energy marketing services. The Company owns Aitken Creek Gas Storage facility and Aitken Creek North Gas Storage facility.


TSX:ENB - Post by User

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Post by kijijion Jun 27, 2020 10:14am
318 Views
Post# 31198524

Investor money fleeing Canada

Investor money fleeing CanadaThanks for voting Liberal as we see the results of green anarchy nurtured by Trudeau.  Canadian money investing in dictator energy because Canada is such a gong show.

Brookfield and Teachers pension part of consortium in US$10 billion Abu Dhabi pipeline deal.

Two large Canadian institutional investors, Brookfield Asset Management and the Ontario Teachers’ Pension Plan, are part of a consortium paying US$10.1 billion for a 49 per cent stake in a pipeline subsidiary of the Abu Dhabi National Oil Company in the largest infrastructure deal in the world this year.
 
The newly created subsidiary will have lease rights to 38 pipelines covering a total of 982.3 kilometres for 20 years, in return for a volume-based tariff. ADNOC will hold the remaining 51 per cent of the subsidiary, and will be responsible for management of pipeline operations and for all associated operational and capital expenditures.
 
“This strategic transaction is attractive to Ontario Teachers’ as it provides us with a stake in a high-quality infrastructure asset with stable long-term cash flows,” said Ziad Hindo, chief investment officer at Teachers.
 
“This new partnership with ADNOC and a group of world-class institutional and infrastructure investors expands our global presence and provides further geographic diversification to our portfolio,” he added.
 
What Canada’s big pension plans were buying and selling in the first quarter of the COVID-19 market
Bruce Flatt, chief executive of Brookfield, said the pipeline system was an attractive investment for the Toronto-based asset manager because it provides a “critical link” between the United Arab Emirates’ low-cost natural gas supply and “robust in-country” demand.
 
He added that ADNOC has established an exemplary operational record. 
 
“We look forward to partnering with them in support of this critical asset and sector,” Flatt said in a statement.
 
The investing consortium includes Global Infrastructure Partners (GIP), Singapore’s sovereign wealth fund GIC, NH Investment & Securities, and Italian energy infrastructure operator Snam SpA.
 
Additional investors were interested in the assets, according to media reports, but some, such as an Australian fund manager, dropped out earlier in the process, Bloomberg News reported in April.
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