Raymond James Downgrades Spectra Energy (SE) to Outperform
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Enbridge (ENB), Spectra Energy (SE) in $28B Stock-for-Stock Merger Agreement
September 6, 2016 6:31 AM EDTHighlights:
-- Creates largest energy infrastructure company in North America with
C$165(1 ) billion (US$127 billion) enterprise value
-- Anticipated 15 percent annualized dividend increase in 2017 and annual
10-12 percent dividend growth thereafter through 2024. Industry leading
secured project and risked development inventory of C$74 billion (US$57
billion) with C$26 billion (US$20 billion) currently in execution
-- Complementary and diversified asset base to increase customer service
offerings and optionality
-- Enhanced ability to pursue projects that will improve customer access
and service
-- Strengthens investment grade balance sheet
-- 96 percent of cash flow generated by... More
