Pipelines, energy and natural resources

[Fishbone Jones]

Just a bit of UFI.

Enbridge is the largest purveyor, processor and transporter of LNG in Canada. It also has massive amounts of pipelines in the US.

Enbridge is owned by Brookfield.

 

[Czech_pivo]

Just a bit of UFI.

Enbridge is the largest purveyor, processor and transporter of LNG in Canada. It also has massive amounts of pipelines in the US.

Enbridge is owned by Brookfield.

What r u talking about?
Enbridge is a CDN publicly traded company.
I own shares it and its a rock solid investment.
Brookfield does not own Enbridge.

 

[brihard]

Just a bit of UFI.

Enbridge is the largest purveyor, processor and transporter of LNG in Canada. It also has massive amounts of pipelines in the US.

Enbridge is owned by Brookfield.

What? No. Not at all. They’re publicly traded, the largest single shareholder of Enbridge is RBC at a bit under 5%. No other institution even owns 3%. That’s all public info.

Brookfield bought some project or network segment from them some years back, and probably some Brookfield subsidiary is one of the many single- or decimal-digit institutional shareholders, but that’s it.

 

[SeaKingTacco]

Just a bit of UFI.

Enbridge is the largest purveyor, processor and transporter of LNG in Canada. It also has massive amounts of pipelines in the US.

Enbridge is owned by Brookfield.

Where do you get this shit from?

 

[Fishbone Jones]

Sorry I should have said Enbridge LNG. Mea culpa.
I was focused on the LNG aspect. Not the whole conglomerate. Sorry again.

Brookfield Infrastructure’s acquisition of Enbridge’s Western Canadian Midstream Business

We have acted on some of the most transformational transactions in Canada, the United States and the world.

www.osler.com

Like I said, UFI.

 

[brihard]

Sorry I should have said Enbridge LNG. Mea culpa.
I was focused on the LNG aspect. Not the whole conglomerate. Sorry again.

Brookfield Infrastructure’s acquisition of Enbridge’s Western Canadian Midstream Business

We have acted on some of the most transformational transactions in Canada, the United States and the world.

www.osler.com

Like I said, UFI.

Brookfield does not own Enbridge LNG either. In 2018 Brookfield bought a chunk of natural gas collection and processing network that’s now called Northriver Midstream. It’s limited to an area of northern Alberta and BC. From their website:



Enbridge remains a publicly traded company with North America’s largest pipeline network. It owns its Enbridge Gas subsidiary that mostly does natural gas distribution to customers.

Under current business models there’s no evidentiary basis to suspect that Enbridge being involved in major natural gas projects is some sort of way to feed wealth to Brookfield, to enrich PM Carney, or anything along those lines. Enbridge is simply one of the biggest players in that space and is a natural choice to partner with for new pipelines.

 

[Fishbone Jones]

Brookfield does not own Enbridge LNG either. In 2018 Brookfield bought a chunk of natural gas collection and processing network that’s now called Northriver Midstream. It’s limited to an area of northern Alberta and BC. From their website:

View attachment 102282

Enbridge remains a publicly traded company with North America’s largest pipeline network. It owns its Enbridge Gas subsidiary that mostly does natural gas distribution to customers.

Under current business models there’s no evidentiary basis to suspect that Enbridge being involved in major natural gas projects is some sort of way to feed wealth to Brookfield, to enrich PM Carney, or anything along those lines. Enbridge is simply one of the biggest players in that space and is a natural choice to partner with for new pipelines.

Tanks for looking deeper than I did, Bri.

 

[Czech_pivo]

Brookfield is a great company overall and a great investment for those looking for a well diversified company with a proven track record and a reliable dividend. Don't knock the company just because sometime in the past our current PM was their CEO. I owned Haliburton in the past and did so when Dick 'Buckshot' Cheney was the CEO. I strongly disliked Buckshot Cheney but Haliburton was a solid investment.

 

[brihard]

Brookfield is a great company overall and a great investment for those looking for a well diversified company with a proven track record and a reliable dividend. Don't knock the company just because sometime in the past our current PM was their CEO. I owned Haliburton in the past and did so when Dick 'Buckshot' Cheney was the CEO. I strongly disliked Buckshot Cheney but Haliburton was a solid investment.

He was not Brookfield CEO.

Brookfield Corporation is a large conglomerate with a number of subsidiaries. One of those is Brookfield Asset Management, basically an investments arm of Brookfield. PM Carney was vice-chair and then chair of the board of directors for BAM. Board of Directors positions, including his, are generally a part time commitment. He was a member of multiple corporate boards of directors during that time span, which is not unusual in that world. I’ve got a family member who did board of director work in some of those same circles for a number of years.