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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Enbridge Inc | TSX:ENB | Toronto | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.56 | -1.13% | 48.96 | 48.94 | 49.00 | 49.67 | 48.88 | 49.63 | 9,400,223 | 21:11:01 |
From Apr 2019 to Apr 2024
By Micah Maidenberg
Blueknight Energy Partners LP said it struck deals to sell, for a total of $162 million, assets tied to storing or moving crude oil.
Blueknight said Enbridge Inc. agreed to pay $132 million for its crude oil terminalling unit, which includes about 6.6 million barrels of crude oil storage in Cushing, Okla.
CVR Energy Inc. will pay $20 million for Blueknight's oil linefill and inventory business, which includes 604 miles of crude oil pipelines.
Blueknight also agreed to sell its oil-trucking business, but didn't disclose a buyer.
The deals will help Blueknight transition away "from traditional oil and gas operations into a pure-play, downstream terminalling business focused on infrastructure and transportation end markets," Chief Executive Andrew Woodward said.
Write to Micah Maidenberg at micah.maidenberg@wsj.com
(END) Dow Jones Newswires
December 21, 2020 07:58 ET (12:58 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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