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Stock Market & Financial Investment News

News Breaks
February 15, 2013
06:52 EDTENB, ETPEnbridge, 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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April 14, 2014
10:02 EDTENBOn The Fly: Analyst Downgrade Summary
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06:00 EDTENBEnbridge downgraded to Neutral from Outperform at Credit Suisse
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April 9, 2014
13:38 EDTETPHouse panel backs bill to expedite gas exports, The Hill says
A House subcommittee today approved a bill that would seek to expedite natural gas exports to U.S. allies, according to The Hill. Companies that are looking to export natural gas from the U.S. include Cheniere Energy (LNG), Sempra (SRE), Dominion (D), BG Group (BRGYY), and Southern Union, which is jointly owned by Energy Transfer Equity (ETE) and Energy Transfer Partners (ETP). Reference Link
April 8, 2014
06:41 EDTETPU.S. can do little to get gas to Europe in short-term, NY Times says
Although U.S. politicians are talking about exporting gas to Europe to reduce the continent's dependency on Russia, America can export little gas to Europe in the short-term, according to The New York Times. Moreover, a facility being built by Cheniere Energy (LNG) is the only plant that has received all of the regulatory approvals necessary to export natural gas, and in 2017 it will only be able to handle one-sixth of the total amount of gas exported by Russia to Europe, the newspaper added. Companies that are looking to export natural gas from the U.S. other than Cheniere include Sempra (SRE), Dominion (D), BG Group (BRGYY), and Southern Union, which is jointly owned by Energy Transfer Equity (ETE) and Energy Transfer Partners (ETP). Gazprom (OGZPY) is Russia's largest natural gas exporter. Reference Link
April 4, 2014
17:18 EDTENBEnbridge to re-export Canadian oil, Reuters says
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April 3, 2014
08:02 EDTENBCanadian Association of Petro Producers & Scotiabank co-host a symposium
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