我之前观察到 Enbridge 股价和交易量有异常。现在我从 7 月份到今天的数据贴出来看。
| Date | Open | High | Low | Close | Adj Close | Volume |
|---|---|---|---|---|---|---|
| Sep 9, 2026 | 69.87 | 70.01 | 68.83 | 69.28 | 69.28 | 12,112,752 |
| Sep 8, 2026 | 69.32 | 69.86 | 68.78 | 69.69 | 69.69 | 10,985,500 |
| Sep 4, 2026 | 69.51 | 69.66 | 69.05 | 69.32 | 69.32 | 9,887,000 |
| Sep 3, 2026 | 69.65 | 70.09 | 69.35 | 69.70 | 69.70 | 8,253,000 |
| Sep 2, 2026 | 70.45 | 70.54 | 69.42 | 69.70 | 69.70 | 10,314,600 |
| Sep 1, 2026 | 70.21 | 70.83 | 69.60 | 70.54 | 70.54 | 9,921,500 |
| Aug 31, 2026 | 69.50 | 70.23 | 69.20 | 70.22 | 70.22 | 10,780,200 |
| Aug 28, 2026 | 69.75 | 70.25 | 69.41 | 69.76 | 69.76 | 7,222,100 |
| Aug 27, 2026 | 69.88 | 69.95 | 68.90 | 69.28 | 69.28 | 6,481,400 |
| Aug 26, 2026 | 68.92 | 70.23 | 68.80 | 69.80 | 69.80 | 5,677,100 |
| Aug 25, 2026 | 68.95 | 69.37 | 68.76 | 68.83 | 68.83 | 8,392,500 |
| Aug 24, 2026 | 69.45 | 69.80 | 68.71 | 69.36 | 69.36 | 8,020,900 |
| Aug 21, 2026 | 70.39 | 70.91 | 69.12 | 69.54 | 69.54 | 11,253,400 |
| Aug 20, 2026 | 69.51 | 71.53 | 69.41 | 70.47 | 70.47 | 12,933,500 |
| Aug 19, 2026 | 70.96 | 71.48 | 69.03 | 69.49 | 69.49 | 14,706,600 |
| Aug 18, 2026 | 70.98 | 71.59 | 70.83 | 71.41 | 71.41 | 14,952,100 |
| Aug 17, 2026 | 71.06 | 71.06 | 70.18 | 70.22 | 70.22 | 8,949,900 |
| Aug 14, 2026 | 0.97 Dividend | |||||
| Aug 14, 2026 | 70.42 | 70.80 | 70.08 | 70.61 | 70.61 | 12,940,900 |
| Aug 13, 2026 | 71.60 | 71.95 | 71.41 | 71.47 | 70.50 | 12,449,000 |
| Aug 12, 2026 | 71.76 | 72.22 | 71.50 | 71.74 | 70.77 | 16,792,300 |
| Aug 11, 2026 | 72.03 | 72.49 | 71.61 | 71.85 | 70.87 | 30,514,000 |
| Aug 10, 2026 | 72.48 | 72.48 | 71.00 | 71.71 | 70.74 | 16,335,000 |
| Aug 7, 2026 | 72.00 | 72.36 | 71.31 | 71.55 | 70.58 | 13,148,600 |
| Aug 6, 2026 | 73.41 | 73.46 | 72.04 | 72.40 | 71.42 | 13,081,400 |
| Aug 5, 2026 | 74.90 | 75.05 | 72.60 | 72.71 | 71.72 | 13,990,900 |
| Aug 4, 2026 | 76.21 | 76.27 | 74.34 | 75.09 | 74.07 | 13,135,800 |
| Jul 31, 2026 | 77.66 | 77.91 | 76.21 | 76.28 | 75.24 | 6,034,500 |
| Jul 30, 2026 | 77.33 | 77.91 | 76.93 | 77.68 | 76.63 | 7,734,100 |
| Jul 29, 2026 | 78.61 | 78.68 | 77.15 | 77.56 | 76.51 | 6,776,500 |
| Jul 28, 2026 | 78.42 | 78.84 | 77.77 | 78.03 | 76.97 | 4,755,700 |
| Jul 27, 2026 | 79.75 | 79.83 | 78.15 | 78.20 | 77.14 | 5,558,000 |
| Jul 24, 2026 | 79.58 | 80.30 | 79.58 | 80.21 | 79.12 | 6,766,500 |
| Jul 23, 2026 | 79.32 | 79.71 | 78.92 | 79.43 | 78.35 | 3,075,800 |
| Jul 22, 2026 | 78.65 | 79.46 | 78.63 | 79.29 | 78.21 | 4,186,800 |
| Jul 21, 2026 | 78.46 | 78.75 | 77.41 | 78.28 | 77.22 | 5,773,700 |
| Jul 20, 2026 | 79.43 | 80.11 | 78.34 | 78.36 | 77.30 | 6,160,400 |
| Jul 17, 2026 | 79.80 | 80.01 | 78.94 | 79.42 | 78.34 | 3,240,300 |
| Jul 16, 2026 | 78.79 | 79.45 | 78.62 | 79.36 | 78.28 | 3,145,600 |
| Jul 15, 2026 | 78.68 | 79.59 | 78.63 | 78.92 | 77.85 | 3,517,700 |
| Jul 14, 2026 | 77.80 | 78.80 | 77.80 | 78.70 | 77.63 | 2,810,100 |
| Jul 13, 2026 | 78.00 | 78.24 | 77.44 | 77.97 | 76.91 | 2,415,100 |
| Jul 10, 2026 | 77.44 | 77.68 | 76.80 | 77.34 | 76.29 | 3,727,600 |
| Jul 9, 2026 | 77.98 | 78.33 | 77.32 | 77.33 | 76.28 | 5,103,200 |
| Jul 8, 2026 | 78.50 | 78.56 | 77.65 | 78.04 | 76.98 | 3,528,900 |
| Jul 7, 2026 | 76.23 | 78.57 | 76.23 | 78.11 | 77.05 | 3,965,800 |
| Jul 6, 2026 | 76.76 | 77.62 | 75.88 | 75.91 | 74.88 | 7,345,600 |
| Jul 3, 2026 | 76.74 | 77.03 | 76.50 | 76.70 | 75.66 | 1,090,000 |
| Jul 2, 2026 | 76.13 | 76.73 | 75.51 | 76.72 | 75.68 | 4,569,500 |
将 8 月份和 9 月份每日的交易量与 7 月份对比，明显异常。今天盘后消息出来了。
第一个是收购消息，如下：
Enbridge to Acquire Tallgrass' Crude Transportation Business, Expanding Its Leading North American Crude Oil Franchise
Sep 09, 2026, 16:14 ET
CALGARY, AB, Sept. 9, 2026 -- Enbridge Inc. (TSX: ENB) (NYSE: ENB) ("Enbridge" or the "Company") announced today that, through a wholly-owned subsidiary, it has entered into a definitive agreement with wholly-owned subsidiaries of Tallgrass Energy, LP ("Tallgrass") to acquire its crude oil business which includes:
- 75% of Pony Express Pipeline (Pony Express), a 1,050-mile, ~460 kbpd crude system connecting Rockies production to Cushing, OK with direct access to ~500 kbpd of refining capacity.
- 51% of Powder River Gateway system, including two crude pipelines capable of delivering a combined capacity of ~240 kbpd.
- ~8.4 million barrels of storage capacity across nine crude terminals connected into Pony Express, inclusive of a 60.3% non-operating interest in the Deeprock Crude Terminal in Cushing, OK.
- Stanchion Energy, a crude marketing business which drives incremental throughput and optimizes value of the other acquired assets.
Under the agreement, Enbridge will acquire the business for cash consideration of U.S.$2.55 billion, subject to customary closing date adjustments, which represents an estimated acquisition multiple of 10-11x forward enterprise value to EBITDA.
Enbridge believes that U.S. crude oil production will continue to play a critical role in meeting global energy demand for decades and this transaction further positions the Company to lead this mission. Specifically, this acquisition provides Enbridge with a strategic connection between the Bakken, Powder River Basin (PRB) and Denver-Julesburg (DJ) basins through Cushing and complements Enbridge's existing Express-Platte system. The Company expects the acquired business to generate significant free cash flows, provide future growth and create opportunities for operational synergies over time across its broader liquids pipeline network.
"This acquisition strengthens Enbridge's position as North America's leading crude oil transporter and expands its footprint into the U.S. Rockies region," said Colin Gruending, Executive Vice President and President of Enbridge Liquids Pipelines. "The Pony Express system is a premier crude oil corridor connecting some of North America's most productive basins with key refining and market centers. These assets complement our broader North American footprint. As operator of Pony Express, we look forward to leveraging Enbridge's proven operational capabilities to safely and reliably serve customers across the system."
Pony Express is highly contracted throughout the decade with predominantly investment grade counterparties. Available takeaway capacity from the DJ/PRB remains closely aligned with expected basin production, supporting utilization and contract renewal expectations. The acquisition includes the PXP2 growth project, an incremental U.S.$0.3 billion expansion of Pony Express expected to increase capacity to approximately 515 kbpd. PXP2 is underpinned by take-or-pay contracts, is expected to enter service in late 2027, and, upon closing of the transaction, will be added to Enbridge's $41 billion secured growth backlog.
The transaction is expected to close later in 2026, subject to receipt of customary regulatory approvals and closing conditions, including clearance from the Federal Trade Commission under the Hart-Scott-Rodino Antitrust Improvements Act of 1976.
第二个消息是发行新股来筹集资金来完成收购，如下：
Enbridge Announces CDN$2.6 Billion Bought-Deal Offering of Common Shares
Sep 09, 2026, 16:17 ET
CALGARY, AB, Sept. 9, 2026 -- Enbridge Inc. (TSX: ENB) (NYSE: ENB) ("Enbridge" or the "Company") today announced that it has entered into an agreement with a syndicate of underwriters (the "Underwriters") led by RBC Capital Markets and CIBC Capital Markets, and including Scotiabank, BMO Capital Markets, TD Securities Inc., and National Bank of Canada Capital Markets as joint bookrunners, under which the Underwriters have agreed to purchase, on a bought deal basis, 38,900,000 common shares of the Company ("Common Shares") for aggregate gross proceeds of CDN$2.6 billion at an offering price of CDN$66.85 per Common Share (the "Offering").
Enbridge intends to use the net proceeds from the Offering to partially fund announced acquisitions and to create financial flexibility to fund potential future growth opportunities. A portion of the net proceeds of the Offering may be temporarily used to reduce indebtedness or invested in short-term liquid investments.
The Common Shares will be offered to the public in all of the provinces of Canada through the Underwriters and their affiliates by way of a Canadian prospectus supplement (the "Canadian Prospectus Supplement") to Enbridge's short form base shelf prospectus dated September 9, 2026 (the "Canadian Prospectus"). The Common Shares will be offered to the public in the United States pursuant to Enbridge's registration statement, including a prospectus (the "U.S. Prospectus"), filed with the U.S. Securities and Exchange Commission (the "SEC"), and a prospectus supplement (the "U.S. Prospectus Supplement") to the U.S. Prospectus. Before investing, prospective purchasers in Canada should read the Canadian Prospectus Supplement, the Canadian Prospectus and the documents incorporated by reference therein, and prospective purchasers in the United States should read the U.S. Prospectus, the U.S. Prospectus Supplement and the documents incorporated by reference therein for more complete information about Enbridge and the Offering in Canada and the United States, respectively. Common Shares may also be offered on a private placement basis in other international jurisdictions in reliance on applicable private placement exemptions.
The Offering is expected to close on or about September 14, 2026. Pursuant to the agreement, the Underwriters have an option to purchase up to 15% in additional Common Shares by providing notice to Enbridge at any time until the date that is 30 days after the closing of the Offering, to cover over-allotments, if any. If the over-allotment option is exercised in full, the aggregate gross proceeds from the Offering will be approximately CDN$3.0 billion.
也就是说，Enbridge 宣布 C$2.6B bought-deal equity offering，发行 3,890 万股，价格 C$66.85，比今天 C$69.28 收盘价低约 3.5%；承销商还有 15% 超额配售权，全部行使的话融资接近 C$3.0B。这笔钱会同时用于 Tallgrass、此前 US$600M 的 Salt Creek 收购以及保留未来增长弹性。
盘后每股 NYSE 盘后 ENB 一度跌约 2.2%，这就是市场在消化这个折价增发。
