Weak Commodity Prices Dampen Spectra's Earnings in 2012, but $25 Billion in
Expansions Planned, an Industrial Info News Alert
SUGAR LAND, TX -- (Marketwire) -- 02/07/13 -- Researched by
Industrial Info Resources (Sugar Land, Texas) -- Natural gas
production, transmission and storage company Spectra Energy
Corporation (NYSE:SE) (Houston, Texas) saw its earnings depleted by
lower commodity prices in fourth-quarter and full-year 2012, despite
a strong performance from fee-based businesses. Executives announced
that the company is targeting $25 billion in capital expansion
investments through the end of the decade. Industrial Info is
tracking $9.16 billion in active projects involving Spectra.
Other companies featured: DCP Midstream Partners LP (NYSE:DPM),
Phillips 66 (NYSE:PSX)
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