$3 billion Moda deal

How good of an investment do you think this is?

After scrapping its own plans to construct a deepwater crude oil facility, Enbridge Inc. is set to acquire North America’s largest crude export terminal after agreeing to pay $ 3 billion in cash for rival Moda Midstream Operating LLC.
Under an agreement with EnCap Flatrock Midstream, Enbridge on Tuesday said it would acquire full operating interest in the Ingleside Energy Center near Corpus Christi, TX. The facility, built in 2018, is capable of loading very large crude carrier vessels and comprises 15.6 million barrels of storage and 1.5 million b/d of export capacity. It loaded 25% of all U.S. Gulf Coast exports in 2020, according to Enbridge.

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And don't forget Unify! IP is saving us millions because we can't pay our suppliers! Yay!

Is infrastructure planning also responsible for the genius Click is?

Infrastructure Planning came up with this idea, managed the analysis and gave the recommendation as usual. ELT listened and made the acquisition to nobody's surprise. the senior leadership of this company knows the top group with the majority concentration of Enbridge intelligence, talent and skills is us, so acting on our recommendation is a non-brainer.

After a cursory look it appears okay to me. The US won't be too upset about it because, at least in the short term, it's only exporting U.S. commodities, mostly from shale and the Permian Basin. It's not connected to the rest of the network.

Good short term cash flow, with a long term eye towards getting further connections in place and diversifying destinations for all.

The ENB shareholder in me is pleased.

How did they possibly do that without Infrastructure Planning guiding them?

Thread regarding Enbridge Inc. layoffs

$3 billion Moda deal

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