Enbridge near deal to buy Pony Express pipeline for ~$2B

This acquisition signals continued consolidation among midstream players, with Enbridge expanding its US crude footprint through a key artery tied to broader production growth. For shippers and producers reliant on the Pony Express route, a change in ownership could alter tariff structures or operational priorities, though no terms are public yet. The open question is whether the ~$2B valuation reflects sustained demand for takeaway capacity or a defensive move against pipeline underutilization. Watch for regulatory review and how Enbridge integrates this asset with its existing network, as that will determine competitive dynamics in the region.