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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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August 1, 2014
07:10 EDTENBEnbridge reports Q2 adjusted EPS 40c, consensus 39c
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July 30, 2014
10:00 EDTENBOn The Fly: Analyst Downgrade Summary
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05:56 EDTENBEnbridge downgraded to Buy from Conviction Buy at Goldman
Goldman removed Enbridge from the Conviction Buy List based on relative share performance. Shares remain Buy rated with a $55 price target.
July 24, 2014
11:57 EDTETPEnergy Transfer Partners increases cash distribution by 6.9% to 95.5c
Energy Transfer Partners announced that its board has approved a 2c increase in its quarterly distribution to 95.5c per ETP common unit for the quarter ended June 30. The quarterly distribution of 95.5c represents a distribution increase of 24.5c per common unit on an annualized basis, or 6.9%, compared to the second quarter of 2013 and represents an annualized distribution increase of 8c per common unit compared to 1Q14. The cash distribution will be paid on August 14, 2014 to unitholders of record as of the close of business on August 4, 2014.

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