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February 5, 2014
07:34 EDTSESpectra Energy sees 2014 distributable cash flow over $1.2B
Spectra Energy (SE) and Spectra Energy Partners (SEP) announced their business outlook and three year financial plan. Key highlights include: Spectra Energy 2014 distributable cash flow of more than $1.2B; SEP distributable cash flow in 2014 of $935M with a CAGR of 13% through 2016; At least 9% annual growth of Spectra Energy dividends and at least 8%-9% annual growth of Spectra Energy Partners distributions through 2016; 2014 enterprise-wide EBITDA of more than $3B; with a compounded annual growth rate of 7% through 2016; Investment of approximately $1.3B in expansion capital in 2014 and an average annual growth CapEx of approximately $2B through 2016; SEP's share of CapEx is about 70% in 2014; 60% in 2015, and 45% in 2016 Pursuing an additional $10B of natural gas and liquids opportunities over the previously announced $25B of opportunities through the end of the decade.
News For SE From The Last 14 Days
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August 26, 2015
10:00 EDTSEOn The Fly: Analyst Upgrade Summary
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06:01 EDTSESpectra Energy upgraded to Buy from Neutral at UBS
UBS upgraded Spectra Energy to Buy citing favorable risk/reward. The firm said the commodity market overhang is overstated given Spectra's infrastructure being predominantly FERC regulated and long dated contracts, and its growth rate is unchanged while peers have been forced to lower growth forecasts.
August 17, 2015
16:53 EDTSEOn The Fly: Top stock stories for Monday
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07:23 EDTSESpectra making bid for whole of Williams Companies, Reuters reports
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