Enbridge Inc T.ENB

My prediction for the next year

[hawk35]

The deal is suppose to close in 2024.  However the different regulatory approvals and the recent experience of AQN suggests approval will likely take all of next year and perhaps into Q1 of 2025. 
The prospect of increased debt, the cost of paying $30 million a month for new shares (with no revenue until closing), the additional legal cost of getting this deal to the finish line and the cost of integrating the new companies after reaching the finish line suggests the share price will perform poorly.  I would expect the trading range to initially rise and then fall back between $39 and $41.  The reason I see this weakness is too many questions, concerns and overhang while we wait out 12 months for regulatory approval.  Its gonna take time for the share price to recover. (It never did from the last big deal they closed a few years ago).

[Experienced]

Good points Hawk..... These and other questions (some of which were raised by earlier posters here) has lead me to decide to wait before buying.  If that turns out to be wrong then so be it (better safe than sorry as they say). The other question in my mind is why is Dominion selling and at what would appear to be at the lower end of the valuation range? They do seem to want to virtue

[EagleShine]

Highly credit accretive—100% of after-tax proceeds expected to be used to retire debt https://www.prnewswire.com/news-releases/dominion-energy-advances-business-review-announces-agreements-to-sell-gas-distribution-companies-to-enbridge-301918287.html