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Enbridge Inc T.ENB

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

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

Comment by Ocalamanon Sep 09, 2023 9:28am
391 Views
Post# 35627513

RE:The Real reason for the Sale

RE:The Real reason for the SaleAn excellant recap of why Dominion sold ,as a long term holder of ENB thier commitments made on thier disclosures that they will rely on internal growth and small addon's for thier future growth . This big move shakes my confidence in thier dislcosures at this time , while maybe opportunistic , will take a while to play out and if they play out while rates have peaked ( maybe) will take a year or more to attract new investors . I would have felt much better about this had Monaco still been at the helm but in the meantime I will keep collecting the dividends and would bet it does creep back to $50,00 CDN by year end. Enbridge has a presentation about this deal on thier website which is worth a look at. 
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