Bill Trexler wrote for Emerging Markets 18 August 2014, Energy shares may fall again: Spectra Energy Corp. (SE), Denbury Resources Inc. (DNR), WPX Energy (WPX), Nabors Industries (NBR), Weatherford International (WFT), Transocean LTD (RIG),
Shares of oil companies gained as oil futures prices rose on Friday, after Ukraine said its artillery destroyed a large part of a column of armored vehicles seen entering Ukraine from Russia.
However, prices still posted losses for the week, as soft global demand pressured them down to multi-month lows….
Spectra Energy Corp. (NYSE:SE), Denbury Resources Inc. (NYSE:DNR), WPX Energy Inc (NYSE:WPX), Nabors Industries Ltd. (NYSE:NBR), Weatherford International plc (Ireland) (NYSE:WFT) and Transocean LTD (NYSE:RIG) all closed higher Friday following rebound in oil prices.
What do oil prices have to do with Spectra?
Sarah Taylor wrote for Wall Street Scope 18 August 2014, Watch List: Spectra Energy Corp. (NYSE:SE), Energy XXI (NASDAQ:EXXI), Lakeland Financial Corp. (NASDAQ:LKFN), Targa Resources Partners LP (NYSE:NGLS), Nucor Corporation (NYSE:NUE),
On Aug 11, 2014, we issued an updated research report on Spectra Energy Corp. (NYSE:SE).The company is one of North America’s premier natural gas infrastructure plays. It has a strong presence in growth markets that should lead to value-creating investment opportunities over the coming years. Also, the acquisition of the Express-Platte Pipeline System has enabled the company to diversify its portfolio to a growing market of crude oil pipeline businesses.
Yep, Spectra is an oil company, too, now. So how do we know what it might send through that Sabal Trail pipeline? As if fracked methane for export wasn’t bad enough.
Look at this map in Spectra’s SEC Form 10-K for 2013. Express-Platte comes awful close to Texas Eastern.
And it’s all for profit at our expense.
The company’s core fee-based businesses have the potential to move the needle toward solid earnings and cash flow growth.
Do you think a one-time payment for you or a tiny minority of your neighbors while we all get the hazards is sufficient exchange for Spectra’s investors’ ongoing returns from Spectra’s “core fee-based businesses”, which are pushing gas or oil through that pipe they want to gash through here?