On September 10, Enbridge declined 3.89% in regular trading, trading at approximately $48.335 per share, with turnover of $96.27 million.

On the news front, Enbridge announced a $2.55 billion all-cash acquisition of Tallgrass Energy's crude oil business. The deal encompasses a 75% interest in the Pony Express Pipeline, a 51% interest in the Powder River Gateway system, approximately 8.4 million barrels of storage capacity, and the Stanchion Energy crude marketing business, with closing expected by year-end. Simultaneously, the company launched a bought-deal offering of 38.9 million common shares, amplifying near-term dilution concerns and triggering market selling pressure.

The acquisition marks the latest in a series of aggressive moves by Enbridge. The company previously announced a $600 million purchase of Salt Creek Midstream's crude oil gathering assets in the Permian Basin and formed a joint venture with KKR to invest approximately CA$2.7 billion in Westcoast natural gas pipeline expansions. Additionally, the company recently disclosed a CEO transition, with Greg Ebel set to retire and Michele Harradence named successor.

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