Latest News

Energy Transfer’s stock gains after deal to sell majority stake in Energy Transfer Canada


Shares of Energy Transfer L.P.

rose 0.8% in premarket trading Tuesday, after the provider of natural gas pipeline transportation services said it agreed to sell its 51% stake in Energy Transfer Canada ULC for C$1.6 billion ($1.3 billion) to a joint venture which includes Pembina Pipeline Corp.


and funds managed by KKR & Co. Inc.
Energy Transfer said it expects the deal to close by the third quarter of 2022. The company expects the stake sale to result in cash proceeds of C$340 million ($270 million). Energy Transfer’s stock has soared 24.3% over the past three months through Monday, while the S&P 500

has declined 3.1%.

What Russia trades with the US, China, Brazil and the world

Previous article

Jeff Reeves’s Strength in Numbers: Haul away these 10 bargains in beaten-down quality stocks before it’s too late

Next article

You may also like


Leave a reply

Your email address will not be published. Required fields are marked *

More in Latest News