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Enbridge Slightly Higher in TSX Following Acquisition of Majority Interest in Cabin Gas Plant Development

Enbridge Inc. (ENB.TO) edged up less than 1% to $36.27 on the Toronto Stock Exchange from yesterday's $36.24 close after announcing today the closing of its acquisition of a 71% interest in Phases 1 and 2 of the Cabin Gas Plant Development, which together will be capable of processing 800 million cubic feet per day (Mmcf/d) of natural gas.

The company said that upon completion of Phases 1 and 2, its total investment is expected to be approximately $1.1 billion.

ENB shares are heavily traded today on the TSX with more than 2.3 million shares that have already changed hands.

Companies: Enbridge Inc.

Price: US$34.85. Price Change: -0.09. Percent Change: -0.3.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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