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Strategies & Market Trends : Value Investing

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To: Ditchdigger who wrote (57113)6/17/2016 10:03:32 AM
From: E_K_S  Read Replies (1) of 78666
 
Spectra Energy Corp. (NYSE: SE)
TransCanada Corporation (NYSE: TRP)


I own both but will sell my WMB and put the proceeds equally into SE & TRP. Do not like the WMB merger prospects w/ ETE. WMB div will be cut for 24 months if/when merger is approved.

Spectra Energy, TransCanada to build multibillion-dollar pipeline projects to Mexico

Mexico's state-owned power company selected a subsidiary of Houston-based Spectra Energy Corp (NYSE: SE) and a joint venture led by TransCanada Corp. (NYSE: TRP) to build two pipeline projects that will transport natural gas to Mexico.

The TransCanada portion is the $2.1 billion Sur de Texas-Tuxpan pipeline project, and the Spectra portion is the $1.5 billion Nueces-to-Brownsville pipeline project.

EKS
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