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Enbridge Deepens Permian Footprint With $600M Salt Creek Acquisition
Source: zacks.com
M&A & RestructuringCompany FundamentalsCorporate Guidance & Outlook
ENB announced a $600M Salt Creek deal that expands its Delaware Basin footprint by adding contracted cash flows and reinforcing its integrated crude pipeline network. The transaction is viewed as supportive for near-term cash generation and operational integration, which should modestly improve the company’s fundamentals.
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