Spectra Energy Partners downgraded to sector perform from outperform at RBC Capital
Spectra Energy Partners downgraded to sector perform from outperform at RBC Capital
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Spectra Energy Partners downgraded to sector perform from outperform at RBC Capital
Spectra Energy Partners downgraded to hold from buy at Stifel Nicolaus
Spectra Energy Partners price target lowered to $43 from $45 at Stifel
Dozens of people haven’t heard back from U.S. regulators nearly two years after their names were falsely used in letters supporting approval of a gas pipeline from Ohio to Canada, lawyers for the complainants said.
Federal regulators eliminated a key tax benefit for some pipeline companies, a move that could force some pipelines to lower their rates and make it even more difficult for the struggling sector to raise money for new projects.
The loss of a federal income-tax allowance could weigh heavy on some of the partnerships’ shares.
The top analyst upgrades, downgrades and other research calls from Monday include Alcoa, CEMEX, Comerica, Facebook, General Motors, Incyte, Proofpoint and Regeneron Pharmaceuticals.
Boardwalk Pipeline Partners, a midstream MLP mainly involved in natural gas and natural gas liquids transportation, saw a new all-time low recently.
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Dominion Midstream Energy Partners (DM) and Spectra Energy Partners (SEP) were among the top three MLPs losses last week.
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On March 9–16, TC Pipelines, Enbridge Energy Partners, Dominion Energy Midstream Partners, and Spectra Energy Partners were the top energy losers.
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Dozens of people haven’t heard back from U.S. regulators nearly two years after their names were falsely used in letters supporting approval of a gas pipeline from Ohio to Canada, lawyers for the complainants said.
MLPs with heavy exposure to Interstate Pipelines lost the most last week. TC PipeLines (TCP) recorded the highest losses.
Looking ahead, the FERC policy revision signals significant future changes on how the pipeline partnerships will go about treating income taxes in their books of accounts.
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Spectra Energy Partners Does Not Expect a Material Financial Impact as a Result of FERC Revised Policy Statements
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Spectra Energy Partners LP engages in the transmission, storage, and gathering of natural gas. The company also transports and stores crude oil through the interstate pipeline systems. It operates through the following segments: U.S. Transmission, and Liquids. The U.S. Transmission segment provides transmission, storage, and gathering of natural gas for customers in various regions of the northeastern and southeastern U.S. The Liquids segment offers transportation and storage of crude oil for customers in central U.S. and Canada. The company was founded on March 19, 2007 and is headquartered in Houston, TX. (See Full Profile)
Name | Chg % | Market Cap |
---|---|---|
Enbridge Inc. | $51.58B | |
TransCanada Corp. | $36.69B | |
Enterprise Products Partners L.P. | $52.34B | |
Williams Cos. | $20.17B | |
Boardwalk Pipeline Partners L.P. | $2.57B |