Enbridge Management in 8M-share offering, -3.4% AH

Enbridge Energy Management (EEQ) -3.4% AH after saying it commenced a public offering of ~8M of its listed shares.

Proceeds will be used to invest in an equal number of i-units of Enbridge Energy Partners (EEP), which will pay down debt, finance a portion of its capex program relating to its core liquids and natural gas systems, and for general partnership purposes.

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Comments (1)
  • surfgeezer
    , contributor
    Comments (10368) | Send Message
    Yikes. Enbridge still reeling from spill costs and expansion. Long and holding because of footprint, but man they are pushing the funding to cover the ditrib and expansion plans hard. Flow has not been as good as they thought from existing, that is for sure.
    10 Sep 2013, 12:00 PM Reply Like
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