Enbridge Inc T.ENB.PR.N

Acquisition

[investornot]

Am I the only one who wonders why after trimming assets to reduce debt Enbridge is again accumulating? This deal will likley add value to the company in the short term and if so it will help me reach my personal targets here. Will be watching with interest the next week or so to see how well this is embraced by analyst and the market.

[schoolinmoe42]

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[stocktalk]

Enb's acquisition is a quality blue chip deal, all the other assest sold was just fat trimed of the meat.

[ckwong]

One of the indicator I use to gauge a good investment is how deep the moat the company built. Enbridge is in the business of deliverying energy, green or black. The black (hydrocarbon) business will not fade away in next decade. Pipelines that deliver oil can also be converted to NG. Yes it has to get the authority's approval but who will DARE to refuse to give up oil (the evil) to NG (the

[schoolinmoe42]

This post has been removed in accordance with Community Policy

[silkos]

I like all strategic US acquisitions and hope they will move most operations slowly to the US to take advantage of better tax breaks and a friendlier political environment. There is no love story in Canada between current fed gov and the industry. I think it's about time ENB increases their US footprint operations and realistically take a good look south of the border to find a tax friendly

[ckwong]

After reading the presentation from Enbridge on the deal, I found it interesting points that confirm Silkos' observations on page 5: https://www.enbridge.com/~/media/Enb/Documents/Investor%20Relations/2021/Project_Nimitz_IR_Deck_Final.pdf Immediately and strongly accretive to EBITDA, DCF/share and Earnings/share Pro forma 2022 leverage expected to be at lower end of target leverage

[Quintessential1]

All good points and reasons for buying and the 500 acres of land that they plan to add 60 MW of solar power to which is more than the terminal requires to run and sell the excess power to the surounding businesses ius the cherry on top.  Increasing their profit and lowering their carbon footprint is the kind of planning that makes ENB more attractive to investors than SU with their poorly

[Defiance2050]

As stated in the PR the export facility is built in 2018.  Growth and synergy purchases versus mature assets sales is the difference. The valuation of assets sold are usually towards the higher end of the scale and/ or have less potential for growth projects or synergies. The assets tended to be purchased typically are based in regions with other existing assets.