Enbridge Exits Canadian Gas Gathering
$3.3 billion sale values assets at 12xEBITDA Enbridge (ticker: ENB) continued its transformation yesterday, exiting the gas gathering business in Canada. Enbridge will sell its Canadian natural gas gathering and processing infrastructure to Brookfield Infrastructure (ticker: BIP) and its institutional partners. The assets cover the heart of Canadian natural gas, including the Montney, Peace River Arch, Horn River and Liard