Tudor Pickering Upgrades Spectra Energy Partners (SEP) to Buy
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Enbridge and Spectra Energy to Combine to Create North America's Premier Energy Infrastructure Company with C$165 Billion Enterprise Value
September 6, 2016 6:30 AM EDTCALGARY, ALBERTA and HOUSTON, TEXAS -- (Marketwired) -- 09/06/16 -- Highlights:
-- 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... More
