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Spectra Energy Corp. Message Board

  • beachplayboy200245224 beachplayboy200245224 Aug 4, 2013 2:41 PM Flag

    From Motley Fool Website

    But Spectra has also made some substantive strategic moves as well. Less than a week ago, Spectra said that it would partner with NextEra Energy (NYSE: NEE ) to help build a major natural gas pipeline to bring more gas to Florida. The move will mark the state's third big pipeline, but with current networks running near capacity, the venture should help NextEra promote growth in Florida and take advantage of high demand from gas-fired electricity plants in the state.

    Another promising area for Spectra is the Utica Shale. With its being part of a joint proposal for a pipeline from the Ohio play to Detroit and then on to Canada, Spectra and partners Enbridge (NYSE: ENB ) and DTE Energy could end up reaping greater rewards as producers ramp up natural-gas volumes in the rapidly growing region.

    In the Spectra earnings report, watch to see what long-term effect the company believes its asset transfers to Spectra Energy Partners will have on distributions to shareholders. With a 3.3% yield already for Spectra and distributions of 4.5% for the MLP, Spectra investors could be in a much happier mood if the company foresees much greater payouts ahead

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