On August 20, 2015, Enbridge Income Fund Holdings Inc. shareholders who are independent of Enbridge Inc. approved a $30 billion dropdown of oil pipeline and renewable power assets from Enbridge Inc. We continue to believe that ENF shares are undervalued and maintain our $40.00/share 12-month target price and our Outperform ranking.
21 Aug 2015
Shareholders Vote In Favour of Purchase of $30 Billion In Oil Pipeline and Renewable Assets From Enbridge Inc.
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Shareholders Vote In Favour of Purchase of $30 Billion In Oil Pipeline and Renewable Assets From Enbridge Inc.
Enbridgeome Fund (ENF:TSE) | 0 0 0.7% | Mkt Cap: 4,697m
- Published:
21 Aug 2015 -
Author:
Steven I. Paget -
Pages:
8
On August 20, 2015, Enbridge Income Fund Holdings Inc. shareholders who are independent of Enbridge Inc. approved a $30 billion dropdown of oil pipeline and renewable power assets from Enbridge Inc. We continue to believe that ENF shares are undervalued and maintain our $40.00/share 12-month target price and our Outperform ranking.