Spectra Energy Presses On with Capital Spending, Expansions Amid Weak Prices in Third-Quarter 2015
SUGAR LAND--November 5, 2015--Researched by Industrial Info Resources (Sugar Land, Texas)--Leading midstream company Spectra Energy Corporation (NYSE:SE) (Houston, Texas) pressed on with a slew of major expansion projects in third-quarter 2015, despite natural gas, natural gas liquids (NGL) and crude-oil prices being half of what they were in third-quarter 2014. A weak Canadian dollar also took a bite out of earnings, particularly in the Distribution and Western Canadian segments. Industrial Info is tracking $12.79 billion in projects involving Spectra.
Within this article: Details on Spectra's quarter and projects, including the NEXUS, Atlantic Bridge, Access South, Adair Southwest and Dawn-to-Parkway projects.
Other companies featured: DCP Midstream (NYSE:DPM), Phillips 66 (NYSE:PSX)
