During a week in which unitholders of another midstream master limited partnership (MLP) were rocked by a distribution cut and unit sell-off, management of Enbridge Energy Partners LP (EEP) sought Thursday to assure analysts and investors that their story is different, and “distribution is secure.”
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Nebraska Gov. OKs New Keystone XL Pipeline Route
Nebraska Gov. Dave Heineman on Tuesday approved a revised route for the northern portion of TransCanada Corp.’s proposed Keystone XL oil pipeline that would run through his state. He notified both President Barack Obama and Secretary of State Hillary Clinton of his decision in a joint letter.
Shale Boom Makes Storage and Exports Important, CME Exec Says
Technology and good old “American ingenuity” that have driven the shale gas boom are also prompting responses to a supply glut that make storage and eventual liquefied natural gas (LNG) exports more important than ever, according to Bryan Durkin, COO at CME Group, who addressed the opening session of the LDC Gas Forums mid-continent meeting in Chicago Monday.
Fracking Support Outweighs Opposition, Says Survey
Even with the intense media coverage of of hydraulic fracturing (fracking), most people haven’t heard about it or are unfamiliar with the practice, according to a nationwide poll conducted in March by the University of Texas at Austin (UT). Of the one-third familiar with fracking “support outweighed opposition, 48% to 36%.”
Most in U.S. Not Wise to Fracking, Survey Finds
Even with the intense media coverage of of hydraulic fracturing (fracking), most people haven’t heard about it or are unfamiliar with the practice, according to a nationwide poll conducted in March by the University of Texas at Austin (UT). Of the one-third familiar with fracking “support outweighed opposition, 48% to 36%.”
Driller: In the Marcellus, Growth Has Its Seasons
Executives at drilling and pressure pumping contractor Patterson-UTI Energy Inc. have experienced a seasonal slowdown in the northeastern U.S. energy patch, they told financial analysts during an earnings conference call.
New U.S. Resource Plays Biggest Industry Driver in 2012, Say CFOs
Unconventional oil and natural gas resources are an increasingly bigger piece of the pie for domestic energy companies, according to a new survey.
Gulf Blowout Prompts Canada to Take Hard Look at Current Laws
Canadian requirements for industry coverage of potential offshore well blowout costs are likely obsolete and “woefully inadequate,” says a report to Parliament that urges a thorough review of damage liability rules.
Morgan Stanley: Dynegy Investor Return Should be ‘Exceptional’
Morgan Stanley initiated research coverage of Dynegy Wednesday with an “equal weight” rating and a 12-month stock price target of $15. Dynegy shares, it said, have the potential to ratchet up or down in the short term. “At $9 we see $2 to $3 of downside, with $6 to $7 of upside. If Dynegy survives, as we expect it to, the return to investors should be exceptional, in our view.”
PG&E Moving Ahead with Bankruptcy Reorganization Plan
Regardless of whether state regulators change the present proposed decision on rate coverage for the Department of Water Resources’ (DWR) power buying, Pacific Gas and Electric Co. will move ahead with its proposed bankruptcy reorganization plan which should be filed “well before” its current Dec. 6 deadline. Sources close to the San Francisco-based utility indicated the expected filing could come at any time in the next few days or weeks.