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Enbridge Buys $1B Stake In Long-Haul Midwest Pipeline

By Liz Hoffman (December 21, 2011, 1:49 PM EST) -- Canadian energy company Enbridge Inc. will pay $1.15 billion for ConocoPhillips Co.'s 50 percent stake in a 500-mile pipeline from Texas to Oklahoma, which will help ease an Midwestern oil bottleneck and broaden the company's access to Gulf Coast ports, it said Tuesday....

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