Not Logged In Log In   Sign Up   Points Leaders
Follow Us    7:31 PM

Message Forum - Read Message

Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Spectra Energy to buy Express-Platte pipeline system for $1.49B Back to Topics
BeaconLite
Champion Author
Ottawa

Posts:5,853
Points:1,090,435
Joined:Sep 2009
Message Posted: Dec 11, 2012 12:05:23 PM


Spectra Energy Corp said it will spend $1.49 billion US to buy the Express-Platte System, one of the three major pipelines that move crude oil from Western Canada to refineries in the Rocky Mountain and Midwest regions in the United States.

Visit Swetha Gopinath, Reuters for full article
REPLIES (newest first) Post a Reply
Mystikal1
Veteran Author Akron

Posts:398
Points:1,311,560
Joined:May 2011
Message Posted: Dec 11, 2012 9:24:59 PM

Standing ovation for Spectra Energy!
RonElp
All-Star Author El Paso

Posts:763
Points:109,720
Joined:Aug 2012
Message Posted: Dec 11, 2012 6:04:34 PM

Sounds good.; I just cannot fathom spending a Billion dollars. Remember when expensive things just cost a million dollars
teenitup
Champion Author Houston

Posts:5,351
Points:960,820
Joined:Sep 2012
Message Posted: Dec 11, 2012 5:45:24 PM

Good to hear.
mike56MI
Champion Author Michigan

Posts:4,262
Points:1,044,815
Joined:Aug 2011
Message Posted: Dec 11, 2012 3:47:14 PM

OK
djwhit
Champion Author Ohio

Posts:5,926
Points:1,965,055
Joined:Jul 2009
Message Posted: Dec 11, 2012 3:14:51 PM

GET IT DONE........
me2too4c
Veteran Author New York

Posts:400
Points:788,980
Joined:Jul 2012
Message Posted: Dec 11, 2012 2:25:45 PM

smart move better than building a new one and leaving the old behind like so many abandon building scatter our plant!
SammyAdams
Champion Author Tallahassee

Posts:6,350
Points:1,560,520
Joined:Nov 2010
Message Posted: Dec 11, 2012 12:40:44 PM

It's probably cheaper than obtaining permits and constructing a new pipeline and eliminates competition, too.
humblepie
Champion Author Toledo

Posts:63,643
Points:3,146,145
Joined:Mar 2006
Message Posted: Dec 11, 2012 12:38:17 PM

smart business move
schatzila
Champion Author Los Angeles

Posts:5,986
Points:1,226,545
Joined:Jun 2010
Message Posted: Dec 11, 2012 12:37:54 PM

At least someone has money.
Rockyguitar
Champion Author Tampa

Posts:5,633
Points:1,953,015
Joined:Sep 2008
Message Posted: Dec 11, 2012 12:37:25 PM

Maybe it's a start.
Post a reply Back to Topics