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Stock impact report

Enbridge to double 2018 asset sales, targets about C$8 billion: sources [Reuters]

Enbridge Inc (ENB) 
Last enbridge inc earnings: 2/14 07:00 am Check Earnings Report
US:NYSE Investor Relations: enbridge.com/investment-center/dashboard
Company Research Source: Reuters
Enbridge to double 2018 asset sales, targets about C$8 billion: sources | Reuters 3 Min Read NEW YORK/TORONTO (Reuters) - Enbridge Inc, Canada’s biggest pipeline operator, plans to accelerate its divestment program by selling assets valued at about C$8 billion ($6.4 billion) in 2018, more than twice its initial sale target, according to people familiar with the situation. Under pressure from both investors and rating agencies, the Calgary, Alberta-based firm wants to ramp up the sale of non-core assets from the previous C$3 billion it forecast in November, the people said on condition of anonymity because the process is private. Enbridge is trying to take advantage of favorable selling conditions to rid itself of unwanted units and pay down its C$61.4 billion long-term debt, the people said. Enbridge last year completed a $28 billion merger with Spectra Energy Corp. The company, which reports fourth-quarter earnings on Friday, declined to comment. Shares in Enbridge have lost 23 perce Show less Read more
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