Enbridge to Sell Stake in Oil Producer Noverco for $1.14 Billion - je.st - Enbridge to Sell Stake in Oil Producer Noverco for $1.14 Billion

Home › Enbridge to Sell Stake in Oil Producer Noverco for $1.14 Billion

Enbridge to Sell Stake in Oil Producer Noverco for $1.14 Billion

2021-06-08 11:25:00| OGI

Enbridge said the sale of its stake in Noverco represents a valuation of approximately 29x reported 2020 GAAP earnings of $39 million.

Tags: sell oil billion producer

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