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Enbridge (ENB) Expands its U.S. Oil Footprint with Tallgrass Acquisition
Insider Monkey10d agoneutral
Enbridge (ENB) Expands its U.S. Oil Footprint with Tallgrass Acquisition

Enbridge Inc. (NYSE:ENB) has agreed to buy Blackstone-owned Tallgrass Energy’s crude oil business for $2.55 billion in cash, expanding its presence in the U.S. liquids pipeline market. The deal includes a 75% stake in the 1,050-mile Pony Express Pipeline, a 51% interest in the Powder River Gateway system, around 8.4 million barrels of storage capacity […]