The Globe and Mail reports in its Wednesday, Sept. 16, edition that National Bank Financial analyst Patrick Kenny has elevated his recommendation for Enbridge to "outperform" from "sector perform." The Globe's David Leeder writes that Mr. Kenny hiked his share target to $82 from $18. Analysts on average target the shares at $79.26. Mr. Kenny upgraded Enbridge after coming off research restriction following its $3-billion equity financing, which will partially fund the concurrent $2.55-billion (U.S.) of Tallgrass Energy acquisition and $600-million (U.S.) tuck-in of Salt Creek Midstream's crude oil gathering business. Mr. Kenny says in a note: "The acquisitions further strengthen Enbridge's industry-leading North American crude oil super-system, adding highly contracted assets including the 460 mbpd [thousand barrels per day] Pony Express Pipeline (PXP), the 240 mbpd Powder River Gateway, connecting the Bakken, Powder River and Denver-Julesburg basins into Cushing, while extending its Permian wellhead-to-water offering. Through 2035, the company expects gross production to increase by more than 1 mmbpd [millions of barrels per day] in the WCSB, 0.9 mmbpd in the Permian Basin and 0.2 mmbpd across the Bakken and Rockies."