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Enbridge Energy Partners, L.P. Message Board

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  • tradedollarnut tradedollarnut Dec 17, 2008 8:29 PM Flag

    why is this falling?

    I know it's in line with the new market for debt. I say 'ouch' because it's 3-4% higher than what debt used to cost.

    Pipelines carry lots of debt. If they have to refi that debt at 3-4% higher than now [or perhaps even more after the Fed has to raise rates in a few years], then their profits go down. $3 billion at 4% higher is $120M right off the bottom line.

 
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