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

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Ottawa

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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
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Mystikal1
Veteran Author Akron

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Message Posted: Dec 11, 2012 9:24:59 PM

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

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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
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teenitup
Champion Author Houston

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Message Posted: Dec 11, 2012 5:45:24 PM

Good to hear.
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mike56MI
Champion Author Michigan

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Message Posted: Dec 11, 2012 3:47:14 PM

OK
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djwhit
Champion Author Ohio

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Message Posted: Dec 11, 2012 3:14:51 PM

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

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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!
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SammyAdams
Champion Author Tallahassee

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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.
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humblepie
Champion Author Toledo

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Message Posted: Dec 11, 2012 12:38:17 PM

smart business move
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schatzila
Champion Author Los Angeles

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Message Posted: Dec 11, 2012 12:37:54 PM

At least someone has money.
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Rockyguitar
Champion Author Tampa

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Message Posted: Dec 11, 2012 12:37:25 PM

Maybe it's a start.
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