Marathon to partner on Enbridge's Sandpiper pipeline


Enbridge (EEP, ENB) announces Marathon Petroleum (MPC) has agreed to be the main shipper on its $2.6B Sandpiper pipeline project set to carry crude from North Dakota's Bakken field to U.S. refiners. Marathon will fund 37.5% of the project's cost in exchange for a 27% equity interest in the North Dakota system.

Subsequently, Enbridge also announces an open season to provide other shippers with an opportunity to enter into capacity commitments on the project.

Press release

From other sites
Comments (4)
  • Energysystems
    , contributor
    Comments (2078) | Send Message
     
    Wrong ticker...the deal is with $MPC, not $MRO.
    26 Nov 2013, 09:39 AM Reply Like
  • coyote flaco
    , contributor
    Comments (101) | Send Message
     
    More "creative" financing; or is it just another payday loan? The holders could end up barefoot and pregnant.
    26 Nov 2013, 10:07 AM Reply Like
  • Energysystems
    , contributor
    Comments (2078) | Send Message
     
    How is this creative financing or a loan?
    26 Nov 2013, 10:27 AM Reply Like
  • coyote flaco
    , contributor
    Comments (101) | Send Message
     
    They are behaving like typical overextended families. They are mortgaging their future, destroying their credit rating. In short, they are living beyond their means.
    26 Nov 2013, 01:20 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs