Enbridge shares are trading lower after the company entered agreements with Dominion Energy to acquire EOG, Questar and PSNC for an aggregate purchase price of $14 billion.
Portfolio Pulse from Benzinga Newsdesk
Enbridge has entered agreements with Dominion Energy to acquire EOG, Questar and PSNC for a total purchase price of $14 billion. This has led to a decrease in Enbridge's share price.
September 06, 2023 | 2:59 pm
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Enbridge's stock price has decreased following the announcement of its $14 billion acquisition of EOG, Questar, and PSNC from Dominion Energy.
The decrease in Enbridge's stock price is likely due to the large expenditure for the acquisition, which could impact the company's financial stability in the short term. However, the acquisition could potentially lead to long-term growth.
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