Enbridge Inc. is expanding its crude oil infrastructure by acquiring Tallgrass Energy's crude oil business for $2.55 billion. This move strengthens its presence in key U.S. oil regions and is funded partly by a recent $3 billion public offering. Despite market volatility and CEO Greg Ebel's planned retirement at the end of 2026, analysts remain optimistic with a consensus price target implying a 38% upside. Michele Harradence will succeed Ebel as CEO in 2027, supporting Enbridge's long-term growth strategy.
The EWC fund's portfolio is heavily weighted in Financials and Energy sectors, which together make up over 56% of its holdings, while Industrials—most affected by US-Canada tariffs—constitute less than 9%. Despite recent tariff disputes impacting som...
Enbridge Inc. has completed a public offering of 44.7 million common shares, raising approximately C$3 billion. The proceeds will be used to partially fund announced acquisitions and provide financial flexibility for future growth opportunities. Some...
Three major North American pipeline companies—Enterprise Products Partners, Enbridge, and Kinder Morgan—provide reliable high-yield dividends through fee-based contracts that generate cash independent of crude oil price fluctuations. Enterprise Produ...
