Enbridge Inc T.ENB

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

Energy Oil & Gas Midstream

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.

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Enbridge Inc > Phillips 66 buys DCP Midstream 3.8 Billion

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Comment by Quintessential1on Jan 07, 2023 12:39pm

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Post# 35208792

RE:Phillips 66 buys DCP Midstream 3.8 Billion

I wonder if P66 wants it all?

DCP Midstream

Headquartered in Denver, DCP Midstream is a joint venture between Phillips 66 and Enbridge, with Enbridge owning a 13.2% ownership stake. DCP Midstream is one of the largest producers of natural gas liquids (NGLs) and processors of natural gas in the United States. The DCP network includes 36 in-service plants and about 48,500 miles of gathering pipe.

DCP Midstream gathers, compresses, treats, processes, transports, stores, and sells natural gas. DCP Midstream also recovers and sells condensate, and produces, fractionates, transports, stores and sells natural gas liquids.

In 2021, the company had an average NGL throughput of about 651,000 barrels per day, and had a total wellhead volume of 4.2 Bcf/d of natural gas.

The Houston, Texas-based refiner is buying the public units for $3.8 billion, or $41.75 per share, compared with its previous offer of $34.75 per share. DCP Midstream's shares rose nearly 6.4% to $41.84, while those of Phillips 66 were up 1.1%.

Go Enbridge! ;-)