Enbridge Adds Major US Oil Arteries in $2.55 Billion Tallgrass Acquisition
Enbridge buys Tallgrass Energy's crude assets for $2.55B cash & launches a C$2.6B share sale to expand its Rockies pipeline network.
Enbridge bought a big pipeline company for 2.55 billion dollars to move more oil through the Rocky Mountains. When a company spends lots of money to grow its pipes and network, watch if their earnings get bigger without costing too much extra.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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