Spectra Energy Reports Strong 2016 Results; Merger With Enbridge to Close in First Quarter
Spectra Energy reported 2016 EBITDA of $2.85 billion, slightly ahead of consensus as the Company brought eight new projects into service through the year. Nevertheless, results are largely an afterthought as management highlighted that its merger with Enbridge is expected to close in the first quarter. Enbridge’s CEO has stated that both entities are well on track for efficient integration and continued development of growth initiatives. On an operating level, beyond the contribution from Spectr...
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