SE had rough earnings due to the pricing of NGLs and the low price for Methane. Methane issue sffects storage and through put coming from midstream. Natural gas is a game changer and we are temporarilly over whelmed by all the production. However, in the long run as we switch large trucks and corporate fleet vehicles (e.g., VZ, T, WM to name a few big fleet operators) demand will go up and production will come back on line.
SE is spenmding about $20B in the next 8 years ($4B by DCP,self financed) which will drive earnings higher in the years to come. The conference call was very enlightening, as they usually are.