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Stock Market & Financial Investment News

News Breaks
December 11, 2012
11:56 EDTSESpectra Energy acquisition positive, says Deutsche Bank
After Spectra Energy announced that it would acquire the Express-Platte Oil Pipelines, Deutsche Bank notes that the pipelines serve a growing market and will enable the company to begin reducing its risks from natural gas liquid prices. However, the firm believes that the company is still subject to such risks and maintains a Hold rating.
News For SE From The Last 14 Days
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January 22, 2015
16:19 EDTSESpectra 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.
January 14, 2015
11:50 EDTSESpectra Energy downgraded to Trim from Hold at Tudor Pickering
10:10 EDTSEHigh option volume stocks
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