Topic: How To Invest

The Successful Investor Hotline – Friday, September 21, 2018

Article Excerpt

ENBRIDGE INC., $44.46, Toronto symbol ENB, operates pipelines that pump oil and natural gas from Western Canada to eastern Canada and the U.S. It also distributes gas to consumers in Ontario, Quebec, New Brunswick and New York State. In February 2017, the company completed its all-stock purchase of Spectra Energy. That firm operates crude oil and natural gas pipelines in the U.S. and Canada. It also owns oil and gas storage facilities. The Spectra purchase gave Enbridge a 75.0% stake in Spectra Energy Partners LP (New York symbol SEP), which operates pipelines in the U.S. The company also controls three other affiliates that operate pipelines with related operations: Enbridge Energy Partners, LP (New York symbol EEP), Enbridge Energy Management, LLC (New York symbol EEQ) and Enbridge Income Fund Holdings Inc. (Toronto symbol ENF). Under a new plan to simplify its corporate structure, in May 2018 Enbridge offered to acquire 100% of those four affiliates. It originally planned to issue $11.4 billion worth of new common…

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