Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  Enterprise Products Partners L.P.    EPD

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

Enterprise, Enbridge Seaway Crude Oil Pipeline Starts First Flow

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/20/2012 | 12:14am CET
   By Ben Dummett 
   Of  
 

Enterprise Products Partners LP (>> Enterprise Products Partners L.P.) and Enbridge Inc. (ENB, ENB.T) said Saturday that the Seaway pipeline has started to accept crude oil at the Cushing, Okla. storage hub for delivery to the U.S. Gulf Coast.

The bottleneck at the critical Cushing storage hub where crude-oil inventories had reached historic highs had contributed to benchmark U.S. oil prices being as much as $20 below European benchmark Brent. But on Thursday, Enterprise and Enbridge announced completion of the much-awaited reversal of the Seaway pipeline, setting the stage for crude oil to flow from the storage hub to the Gulf Coast refining hub. At that time, the companies also indicated they would start shipping oil this weekend.

Enterprise and Enbridge, which control the pipeline through a 50/50 joint venture, said the pipeline will have an initial capacity of 150,000 barrels a day. Capacity will expand to 400,000 barrels a day in the first quarter of 2013.

The two companies announced the reversal project in November 2011 after Enbridge bought ConocoPhillips's (COP) 50% stake in the pipeline for $1.1 billion.

-By Ben Dummett; Dow Jones Newswires; ben.dummett@dowjones.com

--Ben Lefebvre in Houston contributed to this article.

Stocks mentioned in the article : Enterprise Products Partners L.P.
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on ENTERPRISE PRODUCTS PARTNE
01/12 PRODUCTS PARTNERS L P : Enterprise Declares Quarterly Distribution Increase
01/11 PRODUCTS PARTNERS L P : Georgetown City Council approves rezoning request for oi..
01/09 PRODUCTS PARTNERS L P : Enterprise Products Partners to Participate in UBS MLP O..
01/05 PRODUCTS PARTNERS L P : Enterprise Declares Quarterly Distribution Increase
2016 PRODUCTS PARTNERS L P : Enterprise Resumes Service at Pascagoula Natural Gas Pro..
2016 WILLIAMS : Appoints Two New Independent Directors
2016 PRODUCTS PARTNERS L P : Enterprise Products Partners to Present at Wells Fargo P..
2016 PRODUCTS PARTNERS L P : Enterprise Resumes Service at Pascagoula Natural Gas Pro..
2016 WILLIAMS : Cos. Appoints Charles Cogut and Michael Creel as New Independent Dire..
2016 PRODUCTS PARTNERS L P : Enterprise Products Partners to Present at Wells Fargo P..
More news
Sector news : Oil & Gas Transportation Services - NEC
01/20 U.S. exports fill Asia's LNG demand gap as market tightens
01/19DJKINDER MORGAN : Turns a Profit -- WSJ
01/18DJKINDER MORGAN : Swings to Profit Though Top Line Declines
01/16DJPower Assets to Decide Whether to Pay Special Dividend on January 26
01/15DJDuet Agrees to $5.48 Billion Offer from Cheung Kong Infrastructure
More sector news : Oil & Gas Transportation Services - NEC
News from SeekingAlpha
01/20 CONOCOPHILLIPS IN 2017 : The Eagle Ford Shale Makes A Big Comeback
01/19 My 4th Quarter And Final 2016 Portfolio Review
01/19 WHAT HAPPENED LAST WEEK IN MLPS : Consolidation And Simplification Highlights Th..
01/19 Harley-Davidson Is A Long-Term Buy - Cramer's Lightning Round (1/18/17)
01/18 ENTERPRISE PRODUCTS PARTNERS : A Good Time To Buy?
Advertisement
Financials ($)
Sales 2016 22 410 M
EBIT 2016 3 591 M
Net income 2016 2 520 M
Debt 2016 23 052 M
Yield 2016 5,82%
P/E ratio 2016 23,10
P/E ratio 2017 20,10
EV / Sales 2016 3,64x
EV / Sales 2017 3,23x
Capitalization 58 602 M
More Financials
Chart ENTERPRISE PRODUCTS PARTNE
Duration : Period :
Enterprise Products Partne Technical Analysis Chart | EPD | US2937921078 | 4-Traders
Full-screen chart
Technical analysis trends ENTERPRISE PRODUC...
Short TermMid-TermLong Term
TrendsBullishNeutralBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 28
Average target price 32,0 $
Spread / Average Target 15%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
A. James Teague Chief Executive Officer & Director
W. Randall Fowler President & Director
Randa Duncan Williams Non-Executive Chairman
Graham W. Bacon Executive Vice President-Operations & Engineering
Bryan F. Bulawa Chief Financial Officer & Senior Vice President
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
ENTERPRISE PRODUCTS PA..3.00%58 602
KINDER MORGAN INC8.59%50 206
TRANSCANADA CORPORATIO..2.79%40 494
ENBRIDGE INC0.44%40 294
WILLIAMS COMPANIES INC-9.41%23 021
PLAINS ALL AMERICAN PI..-5.73%20 029
More Results