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Author	Topic: Spectra Energy to buy Express-Platte pipeline system for $1.49B	Post a Reply Back to Topics

BeaconLite Champion Author Ottawa Posts:2,080 Points:396,955 Joined:Sep 2009	Message Posted: Dec 11, 2012 12:05:23 PM Ignore BeaconLite Report Abuse 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

BeaconLite

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Message Posted: Dec 11, 2012 12:05:23 PM

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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)Ignore Short Messages

Mystikal1 Sophomore Author Akron Posts:233 Points:627,335 Joined:May 2011	Message Posted: Dec 11, 2012 9:24:59 PM Ignore Mystikal1 Report Abuse Standing ovation for Spectra Energy!
RonElp All-Star Author El Paso Posts:763 Points:109,620 Joined:Aug 2012	Message Posted: Dec 11, 2012 6:04:34 PM Ignore RonElp Report Abuse Sounds good.; I just cannot fathom spending a Billion dollars. Remember when expensive things just cost a million dollars
teenitup Champion Author Houston Posts:1,847 Points:276,885 Joined:Sep 2012	Message Posted: Dec 11, 2012 5:45:24 PM Ignore teenitup Report Abuse Good to hear.
mike56MI Champion Author Michigan Posts:1,356 Points:335,065 Joined:Aug 2011	Message Posted: Dec 11, 2012 3:47:14 PM Ignore mike56MI Report Abuse OK
djwhit Champion Author Ohio Posts:3,147 Points:1,235,180 Joined:Jul 2009	Message Posted: Dec 11, 2012 3:14:51 PM Ignore djwhit Report Abuse GET IT DONE........
me2too4c Veteran Author New York Posts:280 Points:257,560 Joined:Jul 2012	Message Posted: Dec 11, 2012 2:25:45 PM Ignore me2too4c Report Abuse 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:3,197 Points:820,405 Joined:Nov 2010	Message Posted: Dec 11, 2012 12:40:44 PM Ignore SammyAdams Report Abuse It's probably cheaper than obtaining permits and constructing a new pipeline and eliminates competition, too.
humblepie Champion Author Toledo Posts:35,329 Points:2,399,070 Joined:Mar 2006	Message Posted: Dec 11, 2012 12:38:17 PM Ignore humblepie Report Abuse smart business move
schatzila Champion Author Los Angeles Posts:5,084 Points:1,043,345 Joined:Jun 2010	Message Posted: Dec 11, 2012 12:37:54 PM Ignore schatzila Report Abuse At least someone has money.
Rockyguitar Champion Author Tampa Posts:2,693 Points:1,228,320 Joined:Sep 2008	Message Posted: Dec 11, 2012 12:37:25 PM Ignore Rockyguitar Report Abuse Maybe it's a start.