Enbridge

Union Gas is a major Canadian natural gas company based in Ontario. Its distribution arm services approximately 1.5 million customers in northern, southwestern and eastern Ontario. Union Gas has been a subsidiary of Enbridge since February 2017, when former parent Spectra Energy merged into Enbridge.

Union Gas

Enbridge, Inc. engages in the provision of gas and oil. It operates through the following segments: Liquid Pipelines, Gas Distribution and Storage, Gas Transmission and Midstream, Renewable Power Generation, and Energy Services. The Liquids Pipelines segment consists of common carrier and contract crude oil, natural gas liquids and refined products pipelines and terminals in Canada and the U.S., including Canadian Mainline, Regional Oil Sands System, Southern Lights Pipeline, Spearhead Pipeline, Seaway Crude Pipeline interest, and other feeder pipelines. The Gas Distribution & Storage segment consists of natural gas utility operations, the core of which is Enbridge gas, which serves residential, commercial and industrial customers. It also includes natural gas distribution activities in Quebec and an investment in Noverco, which holds a majority interest in a subsidiary entity engaged in distribution and energy transportation primarily in Quebec. The Gas Transmission & Midstream segment consists of investments in natural gas pipelines, processing and green energy projects, the company's commodity marketing businesses, and international activities. The Renewable Power Generation segment consists primarily of investments in wind and solar power generating assets, as well as geothermal, waste heat recovery, and transmission assets. The Energy Services segment consists of businesses in Canada and the United States including logistical services, refinery supply services and the firm's volume commitments on various pipeline systems. The company was founded on April 30, 1949 and is headquartered in Calgary, Canada.

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At a 2-Year Low, Is This 8%-Yielding Oil and Gas Stock a Buy?

Enbridge offers a compelling investment opportunity with a 7.8% yield, driven by its strategic acquisition of Dominion Energy's natural gas assets. The acquisition enhances ENB's diversification, providing a stable cash flow through long-term contracts and a strong focus on regulated utility operations, supporting its goal of consistent dividend growth. ENB presents a unique blend of midstream operations and low-risk utility income, making it an attractive option for income-focused investors and those seeking diversification.

I Believe Enbridge Has Turned Into The Best Diversified 8%-Yielder Money Can Buy

Based out of Canada, Enbridge Inc. NYSE: ENB operates the world's longest crude oil and liquids transportation system, totaling 17,809 miles of active pipeline. While it also has core businesses in the natural gas pipelines, gas utilities and storage and renewable energy segment, it still collects 57% of its total revenues from its liquids pipeline business.

Is Enbridge Stock Too Cheap to Pass Up Now?

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Enbridge is buying three natural gas utilities from Dominion Energy. The company continues to invest in oil and natural gas.

Buy or Sell: Enbridge Stock Hits 2-Year Low After Dominion Deal

CALGARY, AB , Sept. 12, 2023 /PRNewswire/ - Today, Greg Ebel, President & Chief Executive Officer of Enbridge Inc. (TSX: ENB) (NYSE: ENB) announced the following executive leadership changes.

Enbridge announces executive leadership changes

Dominion Energy reached a deal to sell its natural gas utility business to Enbridge for $14 billion. Dominion also is planning on investing $10 billion into offshore wind. Dominion's business plan has problems because offshore wind is potentially political and subject to cost overruns and Enbridge has issues because its cost of capital is too high. With interest rates continuing to climb, you can safely sell both of these companies and watch from the sidelines.

ESG Wars: Dominion Takes A Punt On Offshore Wind As Enbridge Piles Up Debt On Risky Gas Bet

Enbridge announced a blockbuster deal to acquire three deals with Dominion Energy, expanding its natural gas utilities business. The acquisition will make Enbridge the largest gas utility franchise but comes at a high cost of US$14 billion, including debt and a share sale. The market has quickly priced in near-term downside for ENB, with concerns about the acquisition's potentially dilutive effect on shareholders and additional debt burden.

Enbridge: Market Lacking In Confidence Over The Dominion Gas Utilities Deals (Rating Downgrade)

Dominion Energy is in the midst of asset sales and restructuring. Meanwhile, YTD, the stock has fallen by 25%. On September 5, the company entered into a $14 billion deal with Enbridge to sell three gas distribution businesses. In this article, I attempt to model the financial outcome to see how the asset sales may affect the company and its investors. I was surprised at the results.

Dominion Energy: Enbridge Deal Sets The Table

CALGARY, AB , Sept. 8, 2023 /PRNewswire/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge or the Company) today announced it has closed its previously announced public offering (the Offering) of common shares by a syndicate of underwriters led by RBC Capital Markets and Morgan Stanley, together with BMO Capital Markets, CIBC Capital Markets, National Bank Financial Markets, Scotiabank, TD Securities as joint bookrunners.

Enbridge Announces the Closing of CDN$4.6 Billion Common Equity Offering Inclusive of Underwriters' Over-Allotment

Enbridge is one of the largest midstream companies in North America. It has been undergoing a long-term transformation as it shifts from an oil focus toward cleaner alternatives.

Is Enbridge Stock a Buy?

From 2014 to 2021, the midstream winter traumatized income investors. ENB recently broke with its self-funding business model to announce a transformational deal acquiring 3 utilities for $14 billion. Wall Street reacted with a 6% decline in the share price, which is not justified by the facts and which pushed ENB's very safe yield to a 3-year-high.

Enbridge: Best Time In 3 Years To Buy This 7.4% Yielding Dividend Aristocrat

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Enbridge is acquiring three natural gas utilities from Dominion. The deals will further enhance the stability and growth of its cash flow.

This Unstoppable Dividend Stock's $14 Billion Acquisition Will Keep Its High-Yielding Payout Well Fueled

Enbridge is buying 3 gas utilities from Dominion Energy in a 19 billion CAD transaction. The purchase will increase Enbridge's capex and require the issuance of expensive equity. Moody's and S&P have switched their outlooks on Enbridge to "negative" while Fitch considers the transaction to be neutral for Enbridge's credit profile.

Enbridge: Establishing Dominion Over Regulated Utilities (Rating Upgrade)

Dominion Energy (D) said it has sold its three natural gas distribution companies to Canada-based pipeline operator Enbridge (ENB) for $14 billion, including $4.6 billion in debt. The deal creates the largest natural gas utility franchise in North America.

Dominion Energy Sells 3 Gas Distribution Firms to Enbridge for $14 Billion

Once the deal closes, Enbridge (ENB) will deliver more than 9 billion cubic feet per day of gas to 7 million customers.

Enbridge (ENB) Signs Deal to Buy Gas Utilities From Dominion

Enbridge is acquiring three utilities from Dominion Energy for $14 billion. The deal makes strategic sense, but carries risk.

Why Enbridge Stock Is Falling Today

News for Enbridge Stock (ENB)