Raymond James Starts Spectra Energy (SE) at Outperform
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Phillips 66, Spectra Energy Announce Plan to Strengthen DCP Midstream
September 8, 2015 4:01 PM EDTHOUSTON, Sept. 8, 2015 /PRNewswire/ -- Phillips 66 (NYSE: PSX) and Spectra Energy (NYSE: SE), 50/50 joint venture owners in DCP Midstream, LLC, have entered into a nonbinding letter of intent for contributing assets to strengthen DCP Midstream. This transaction is expected to provide DCP Midstream with a stronger balance sheet and increased financial flexibility, and positions DCP to grow through commodity price cycles.... More
