Energy Transfer to Acquire Enable Midstream for $7.2 Billion: Energy Transfer (ET) will acquire Enable Midstream (ENBL) in an all-equity deal valued at ~$7.2 billion, a tieup at a reasonable multiple (7.0x EBITDA) that creates several opportunities for natural gas and NGL asset synergies in the Anadarko and Ark-La-Tex basins once ET closes the deal. (ET)
Let’s Take the Inside, Outside: Propane markets were heating up even ahead of the latest Arctic freeze gripping the Central U.S., a function of higher exports and demand as many businesses across the U.S. turn to alternative methods to keep people warm amid indoor gathering restrictions.
North American Energy Indicators and Equity Prices