Enbridge To Acquire Salt Creek Midstream's Crude Oil Gathering Business For $600M In Cash
Enbridge Inc. (Enbridge) (TSX:ENB) (NYSE:ENB) announced today that, through a wholly-owned subsidiary, it has entered into a definitive agreement to acquire Salt Creek Midstream's crude oil gathering business,
Enbridge is buying another company's oil-moving business for $600 million. This shows the company is spending money to grow, which might mean it believes it can make good profits from this business.
Last session drawn · prints held ~15 minutes · licensed exchange data
Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
Disclosure: Educational and informational purposes only — not financial advice. We educate, not advise. Market data may be delayed up to 15 minutes unless marked real-time. Past performance is not indicative of future results.