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February 5, 2014
08:19 EDTSE, DPM, SEPDCP Midstream to participate in analyst meeting
President & CEO van Kempen reviews portions of DCP Midstream's 2014 financial plans during Spectra Energy's Analyst/Investor Meeting being held in New York on February 5 at 8:30 am. Webcast Link
News For SE;SEP;DPM From The Last 14 Days
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January 30, 2015
16:03 EDTDPMDCP Midstream announces workforce reduction of approximately 20%
Denver-based DCP Midstream executed a reduction in force affecting approximately 20% of its employees in corporate staff functions. With this corporate restructuring, DCP Midstream will close its Oklahoma City regional office and reduce its workforce in its Tulsa and Midland offices, relocating functions in those locations primarily to its Denver headquarters and Houston regional office.
10:00 EDTDPMOn The Fly: Analyst Downgrade Summary
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05:33 EDTDPMDCP Midstream downgraded to Market Perform from Outperform at Wells Fargo
Wells Fargo downgraded DCP Midstream Partners to Market Perform saying "financial duress" is likely to be felt at the partnership's sponsor amid lower commodity prices and declining volumes. Wells cut its price target range for shares to $36-$39 from $48-$51.
January 29, 2015
16:28 EDTDPMDCP Midstream raises quarterly distribution to 78c from 77c per unit
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January 26, 2015
15:12 EDTDPMOppenheimer reports 7.17% passive stake in DCP Midstream
January 22, 2015
16:19 EDTSEP, SESpectra Energy to acquire Brazoria Interconnector gas pipeline
Spectra Energy (SE) and Spectra Energy Partners (SEP) announced that, through their affiliate, Spectra Energy Transmission II, have entered into a purchase and sale agreement to acquire from ConocoPhillips Company (COP) 100% of the equity interests in Brazoria Interconnector Gas Pipeline, which owns the BIG Pipeline. The newly acquired BIG Pipeline will be a component of the Stratton Ridge Project, an expansion project of the Texas Eastern Transmission pipeline system to deliver up to 400,000 dekatherms per day of natural gas to Stratton Ridge, Texas. The Stratton Ridge Project, including the BIG Pipeline acquisition, has an expected capital expenditure of approximately $200M and is anticipated to be in service Q1 FY19. The acquisition is expected to close in Q2 FY16, subject to certain conditions precedent being met.

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