I Squared, Enbridge and MPLX to acquire majority stake in Matterhorn natgas pipeline
1. Enbridge, MPLX, and I Squared to acquire 85% interest in Matterhorn pipeline. 2. This partnership signifies increased investment in gas infrastructure.
FAQ
Why Bullish?
The acquisition boosts ENB's investment in significant infrastructure, enhancing long-term growth potential. Historical examples show pipeline expansions typically correlate with stock price increases due to revenue growth.
How important is it?
The joint acquisition indicates strategic growth, which is critical considering ENB's ongoing investments in sustainable energy infrastructure. Partnerships like this often lead to increased market confidence.
Why Long Term?
The implications of the acquisition will enhance gas transportation capacity, supporting long-term revenue streams. Previous infrastructure expansions have positively impacted similar companies for years post-announcement.