Spending $380 million to build a stronger footprint in the Montney shale basin in Canada fits with creating a low-risk profile, Enbridge Inc. said. Enbridge acquired gas plants and pipeline infrastructure associated with the shale basin in British Columbia from the Canadian subsidiary of Murphy Oil Corp. “This acquisition fits extremely well with Enbridge’s low risk value proposition and supports our key priority of extending and diversifying growth,” C. Gregory Harper, president of gas pipelines and processing, said in a statement. The acquisition comes as companies are streamlining their portfolios and swapping assets in an effort to survive a market downturn characterized by declining crude oil prices. For Murphy, the divestment monetizes its assets in the […]