Off-market insider buying at Enbridge (T:ENB)

Robert Ross Rooney, a Senior Officer, acquired 6,703 Common Shares on a direct ownership basis at a price of $44.700 through a prospectus or prospectus exempt offering on September 8th, 2023. This represents a $299,624 investment into the company's shares and an account share holdings change of 10.5%.

Enbridge is in the Oil & Gas Transportation Services Sub Industry Group under the Energy Sector.

Enbridge Inc. is an energy transportation and distribution company. The Company operates through five business segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation, and Energy Services. Liquids Pipelines consists of pipelines and terminals in Canada and the United States (US) that transport and export various grades of crude oil and other liquid hydrocarbons. Gas Transmission and Midstream consists of its investments in natural gas pipelines and gathering and processing facilities in Canada and the United States. Gas Distribution and Storage consists of its natural gas utility operations. Renewable Power Generation consists primarily of investments in wind and solar assets, as well as geothermal, waste heat recovery, and transmission assets. Energy Services segment provides physical commodity marketing, logistics services, and energy marketing services to North American refiners, producers and other customers. Enbridge Inc. (ENB) has below median officer and director direct ownership compared to its large-cap peers in the market, based on our estimate using SEDI data. According to regulatory filings yesterday, one insider has invested a total amount of $299,624.