TSX:ENBOil and Gas
Why Is Enbridge (TSX:ENB) Reshaping Its Business With Two Major Deals?
Enbridge (TSX:ENB) announced a C$2.7b joint venture with KKR and Apollo to fund Westcoast natural gas pipeline expansions in British Columbia.
The joint venture structure brings in external capital while Enbridge retains operational control and relies on long-term contracts to support the projects.
Enbridge also agreed to acquire Salt Creek Midstream’s Permian Basin crude gathering assets, adding to its U.S. onshore footprint.
The company expects both transactions to add to cash flow and...