Tag: Pipeline Companies
Enbridge raises $2B in financing, to pay down short term debt
US, Canadian banks issue 49.14 million Enbridge shares on bought-deal basis CALGARY _ Pipeline giant Enbridge Inc. (TSX:ENB) has announced an agreement to raise $2 billion by selling its own shares, the proceeds of which will go toward paying down short-term debt. The company and a group of Canadian and U.S. banks have agreed to […]
Kinder Morgan shares bought by Buffett’s firm
Berkshire Hathaway owns 26.5 million Kinder Morgan shares OMAHA, Neb. _ Berkshire Hathaway Inc. on Tuesday revealed that it has made a new investment in pipeline operator Kinder Morgan and unloaded its stake in Chicago Bridge & Iron as part of several changes to its stock portfolio. Warren Buffett’s conglomerate filed an update on its […]
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