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Slide #83. Spectra Energy Corp — Express-Platte Pipeline System
Spectra Energy Corp (NYSE:SE)
Express-Platte Pipeline System
Spectra Energy Corp (NYSE: SE) today announced it has closed its previously announced acquisition of the Express-Platte Pipeline System, purchasing 100 percent interest in the 1,717-mile, crude oil system for $1.49 billion.
Sea is a holding company. Through its subsidiaries, Co. is engaged as an internet company. Co. has developed integrated platform consisting of digital entertainment, e-commerce, and digital financial services, each localized to meet the characteristics of Co.'s markets. Co. operates three key businesses: Garena, which provides access to mobile and PC online games that Co. develops, curates and localizes for each market; Shopee, which provides users with a shopping environment that is supported by integrated payment, logistics, fulfillment, and other value-added services; and AirPay, which provides digital financial services and is a digital payment provider in Co.'s region.
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Strong Buy (3.93 out of 4)
(ranked higher than approx. 79% of all stocks covered)
Based on Zacks ABR data;
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