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Stock Market & Financial Investment News

News Breaks
February 15, 2013
06:52 EDTETP, ENBEnbridge, Energy Transfer join to provide crude oil pipeline access to Gulf
Enbridge (ENB) and Energy Transfer (ETP) announced that they have entered into an agreement on the terms for the joint development of a project to provide crude oil pipeline access to the eastern Gulf Coast refinery market from the Patoka, Illinois hub. The project will involve the conversion from natural gas service to crude oil service of certain segments of pipeline that are currently in operation as part of the natural gas system of Trunkline Gas Company, a subsidiary of Energy Transfer Partners. This agreement is subject to approval by the Federal Energy Regulatory Commission of Trunkline's July 2012 request to abandon certain designated segments of pipeline from natural gas transmission service. The converted 30-inch diameter crude oil pipeline is expected to be in service by 2015. It will have capacity of up to 420,000 to 660,000 barrels per day depending on crude slate and the level of subscriptions received in an open season to be conducted in the near future. Enbridge and Energy Transfer would each own 50% of the joint venture entity. Enbridge's participation in the venture is subject to a minimum level of commitments being obtained in the open season, and on completion of due diligence.
News For ENB;ETP From The Last 14 Days
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July 31, 2015
14:08 EDTETPSunoco sees Susser Holdings acquisition slightly accretive to cash flow in 2015
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07:05 EDTENBEnbridge sees FY15 EPS C$2.05-C$2.35
Sees FY15 cash flow from operations C$3.30-C$4.00.
07:04 EDTENBEnbridge reports Q2 adjusted EPS C$0.60 vs. C$0.40 last year
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July 30, 2015
17:07 EDTETPPhillips 66, Energy Transfer Partners, Sunoco Logistics form JV
Phillips 66 ( PSX), Energy Transfer Partners (ETP) and Sunoco Logistics Partners (SXL) announced that they have formed a joint venture to construct the Bayou Bridge pipeline that will deliver crude oil from the Phillips 66 and Sunoco Logistics terminals in Nederland, Texas, to Lake Charles, Louisiana. The joint venture will also launch an expansion open season for service to the market hub in St. James, Louisiana. Phillips 66 holds a 40% interest in the joint venture and Energy Transfer and Sunoco Logistics each hold a 30% interest. Sunoco Logistics will be the operator of the system. Construction is underway on the Nederland to Lake Charles segment of the pipeline, which will be 30-inch diameter and is expected to begin commercial operations in Q1 of 2016. The companies will also launch a binding expansion open season to assess additional shipper interest for service with connectivity to existing terminal infrastructure and refineries in and around the St. James area. The results of the expansion open season will be used to determine the size of the pipeline to St. James, which has a forecasted in-service date of the second half of 2017. The binding expansion open season will commence in Q3 of 2015. Bona fide potential shippers that would like to receive copies of the expansion open season documents, the throughput and deficiency agreement, and proposed tariffs must first sign a confidentiality agreement.
July 23, 2015
16:39 EDTETPEnergy Transfer Partners raises quarterly dividend by 2c to $1.04 per unit
Energy Transfer Partners announced a 2c increase in its quarterly distribution to $1.035 per ETP common unit, or $4.14 annualized, for the quarter ended June 30. The quarterly distribution of $1.04 represents a distribution increase of 32c per common unit on an annualized basis, or 8.4%, compared to Q2 of 2014 and represents an annualized distribution increase of 8c per common unit compared to Q1. This marks the eighth consecutive quarter that ETP has raised its distribution. The cash distribution will be paid on August 14, to unitholders of record as of the close of business on August 6.
16:33 EDTETPEnergy Transfer Equity raises quarterly dividend to 53c per unit
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