Sep. 13 at 10:52 PM
On Sep 9th,
$ENB announced a US
$2.55 B cash deal to acquire Tallgrass Energy’s crude oil transportation assets (including a 75% stake in the Pony Express pipeline). To help fund the purchase, the company launched a CA
$2.6B bought-deal common share offering. While the infrastructure expands
$ENB's footprint from the Rockies to Cushing, Oklahoma, the immediate share dilution and capital-raising costs put heavy pressure on the stock price.
This is a long position for me. I took advantage of the pullback and bought more. It pays a good dividend. The new assets fit well into
$ENB's massive North American infrastructure network. They should support steady, long-run cash flows.
https://www.enbridge.com/stories/2026/september/enbridge-acquires-tallgrass-energy-crude-assets-pony-express-and-powder-river-gateway-us-rockies
