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Stock Market & Financial Investment News

News Breaks
January 2, 2013
18:53 EDTEPD, ENBEnterprise Products: Seaway pipeline expansion nears completion
Seaway Crude Oil Pipeline Company announced that final work is being performed in preparation for the increase in capacity from approximately 150,000 barrels per day to approximately 400,000 BPD. In order to complete the remaining pump station connections,transportation service has been suspended on the 500-mile, 30-inch diameter pipeline and is expected to resume operations at full rates by the end of next week. Seaway Crude Pipeline Company is a 50/50 joint venture owned by affiliates of Enterprise Products Partners (EPD) and Enbridge (ENB).
News For EPD;ENB From The Last 14 Days
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September 29, 2014
09:20 EDTEPDEnterprise Products completes initial segment of Aegis ethane pipeline
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09:02 EDTEPDEnterprise Products announces ninth NGL fractionator at Mont Belvieu complex
Enterprise Products Partners L.P. will build its ninth natural gas liquid fractionator at its complex in Mont Belvieu, Texas. This ninth fractionator will have a nameplate capacity of 85,000 barrels per day and is expected to begin operations as early as January 2016. Upon completion of the ninth NGL fractionator, Enterprise will have gross nameplate NGL fractionation capacity of 755,000 BPD at Mont Belvieu and total gross NGL fractionation capacity of approximately 1.2 million BPD. Generally, the operating rates for our Hobbs fractionator and the last five fractionators built at Mont Belvieu have exceeded nameplate capacity. Enterprise will have approximately 265,000 BPD of propane production capability at Mont Belvieu upon the completion of the ninth fractionator.
September 26, 2014
08:33 EDTENBEnbridge to hold a meeting
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September 25, 2014
09:29 EDTENBEnbridge drops out of auction for BG Group pipeline, AFR says
Enbridge (ENB) has dropped out of the bidding to buy BG Groupís (BRGYY) $4B Queensland gas pipeline, according to The Australian Financial Review. Reference Link
September 23, 2014
09:06 EDTENBEnbridge invests $255M in Lac Alfred, Massif du Sud wind projects
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September 22, 2014
17:13 EDTENBEnbridge to transfer $1.76B of assets to Enbridge Income Fund
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September 18, 2014
12:28 EDTENBEnbridge Energy drop down from Enbridge a net postive, says Wells Fargo
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September 17, 2014
08:12 EDTENBEnbridge Energy receives $900M drop down proposal from Enbridge
Enbridge Energy Partners (EEP) has received a proposal initiated by Enbridge (ENB) through Enbridge Energy Company, EEP's general partner, under which Enbridge would drop down its 66.7% interest in the U.S. segment of the Alberta Clipper Pipeline to EEP for aggregate consideration of approximately $900M. The proposed consideration includes cash of approximately $300M, plus approximately $600M of a new Class E limited partner equity units to be issued to Enbridge by EEP. The proposed terms would not require EEP to issue any equity in the public market. The board of Enbridge Energy Management, the delegate of Enbridge, has appointed a special committee comprised of independent directors to review the proposal. Its acceptance is subject to the review and favorable recommendation by the special committee and final approval by the board. The drop down transaction is targeted to close by the end of 2014. The proposed contribution value corresponds to an approximate 11 times multiple of expected 2015 EBITDA. Alberta Clipper earns a stable cost of service return, which is not subject to variations in throughput or operating costs. EEP estimates that the proposed drop down is expected to be immediately accretive to distributable cash flow per unit by approximately 3%.
08:02 EDTENBEnbridge proposes to transfer $900M asset to Enbridge Energy
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