Canada’s Pipeline Buildout Accelerates: Are ENB, PPL, TRP Worth Buying Now?

Enbridge (NYSE: ENB) agreed to acquire Salt Creek Midstream’s crude oil gathering business for $600 million, expanding its presence in the Permian Basin. The deal includes assets with a combined throughput capacity of 420,000 b/d and is expected to be immediately accretive to cash flow and earnings per share. The acquisition aligns with Enbridge’s strategy of targeting existing production and infrastructure demand, though it faces competition and potential risks from rising extraction costs and

Governor Whitmer filed a response brief in the U.S. Court of Appeals, challenging Enbridge's lawsuit over Line 5 pipelines. She argues the pipelines pose a risk to the Great Lakes. Enbridge counters that a federal judge ruled in its favor, stating Michigan lacks authority to regulate interstate pipelines. The company also cites a 1977 treaty dispute process.

Enbridge Inc. (ENB) partnered with KKR and Apollo to fund two natural gas pipeline expansion projects, Aspen Point and Sunrise, with a total investment of C$2.7 billion. KKR and Apollo will receive a 29% stake in the Westcoast pipeline system. ENB will maintain control and has an option to repurchase the stake between the 7th and 14th year. The projects are backed by long-term contracts and are expected to be operational in 2026 and 2028, respectively.

CIBC upgraded Enbridge Inc (ENB) to Outperform with a C$78 price target, citing optimism about its capital recycling deal. ENB shares rose 1% to $50.40. The stock offers a 5.53% dividend yield but has a high payout ratio of 1.27. ENB's GF Value™ suggests 19.4% upside, with a GF Score™ of 71/100, indicating strengths in valuation and momentum but weaknesses in financial strength and growth.

Enbridge and KKR, along with Apollo-managed funds, formed a joint venture to fund expansions of the Westcoast natural gas pipeline system in Canada. The deal involves a C$2.7bn investment, with KKR and Apollo acquiring a 29% stake. Enbridge will receive C$700m in cash and maintain control. The expansions, set for 2026 and 2028, are backed by long-term contracts and regulatory approvals.

Enbridge Inc. has secured $2.7 billion from Apollo Asset Management and KKR & Co. to fund expansions of its natural gas pipelines in British Columbia. The firms will receive a 29% interest in the Westcoast pipeline system. The Sunrise expansion will increase capacity to 3.9 billion cubic feet per day by 2028, while Aspen Point is expected to add 500 million cubic feet per day by late 2025.