Enbridge-Spectra Mega-Deal Points to Further Midstream Diversity

October 2016, Vol. 243, No. 10

Oil-intensive Enbridge’s acquisition of natural gas pipeline-focused Spectra Energy emphasized a growing trend among midstream companies to diversify while creating North America’s largest infrastructure company in the process. The $28 billion deal, announced Sept. 6 and expected to close in the first quarter of 2017, will leave Enbridge shareholders owning about 57% of the combined company and Spectra shareholders claiming about 43%. “This is a lot less risky than holding [stock from] either Spectra or Enbridge individually,” Bill Yardley, president of U.S. transmission and storage at Spectra, told Houston Business Journal. “There is an incredible…

Join PGJ Insider

Want to Read The Full Article? Become a PGJ Insider for FREE!

Continue reading this exclusive article. Login Sign Up! Join Today!

Join P&GJ Insider
PGJ Insider Benefits
  • Receive Monthly PGJ eNewsletter
  • Access pgjonline.com Premium Content on (in-depth coverage; analysis; research)
  • Access PGJ Special Reports (e.g. PGJ 500)
  • Access PGJ Studies
  • Access PGJ Surveys
  • Access PGJ Whitepapers
  • Access PGJ Buyer’s Guide
  • Access PGJ magazine back-issues
  • Receive PGJ eMail Alerts – breaking industry news
  • Early invitation to PGJ Webinars
  • Early invitation to PGJ Events (e.g. Pipeline Opportunities Conference)
  • Enhanced no-charge listing in PGJ Buyer’s Guide

For over 150 years, Pipeline & Gas Journal (PGJ) has been the trusted source for information about the oil & gas pipeline industry worldwide. Join the Pipeline & Gas Journal (PGJ) community today as a PGJ Insider. Obtain access to valuable information and enhanced content. Receive important notifications.

Find articles with similar topics