Enbridge has agreed with KKR and Apollo to form a joint venture investing C$2.7 billion to fund the Aspen Point and Sunrise Expansion Programs of its Westcoast natural gas pipeline. These expansions, approved and backed by long-term contracts, will increase pipeline capacity and are expected to enter service by 2026 and 2028 respectively. Enbridge retains majority ownership and operational control, with an option to repurchase the investors' stake later. This deal strengthens Enbridge's balance sheet and supports its growth strategy without impacting its 2026 financial outlook.
Samuel Smith compares Enbridge and Kinder Morgan, highlighting strong macro trends like AI data center growth, reshoring of US industry, and rising LNG exports boosting demand for natural gas infrastructure. He analyzes their strengths, weaknesses, g...
ExxonMobil is considered better positioned than Enbridge due to heightened oil price volatility caused by geopolitical tensions, especially disruptions in the Strait of Hormuz. The combination of these disruptions and ongoing structural supply-demand...
Enbridge announced it will acquire Salt Creek Midstream's crude oil gathering business, including full ownership of the Orla and Wink North systems and half of the Delaware Crossing system, for $600 million. This acquisition adds about 500 miles of i...
