Enbridge Energy Management (EEQ) -4.9% AH after announcing a public offering of 9M shares....

Enbridge Energy Management (EEQ) -4.9% AH after announcing a public offering of 9M shares. Proceeds will be used to invest in an equal number of i-units of Enbridge Energy Partners (EEP), who plans to utilize such proceeds to debt, finance a portion of its capital expansion program and for general partnership purposes. EEP +0.8% AH.

From other sites
Comments (3)
  • Eddie Lenihan
    , contributor
    Comments (2) | Send Message
    No comment
    25 Feb 2013, 07:57 PM Reply Like
  • Robin0635
    , contributor
    Comments (8) | Send Message
    Increased monies are obviously necessary for capital expansion (both existing and future); however with the recent elections in Italy not yet resolved, the testimony of the Fed on Tues. and Wed., combined with the potential sequester on Friday, one must question the timing of this SPO in re EEQ.
    Whether this action is accretive or not to EEQ remains open to debate. Any input here would be appreciated...
    Aside: Hopefully another SPO is not in the works for EEP which has just sustained approximately a 5% decline in stock price after the recent conference call indicated this year's growth between 2% and 5%.
    Regardless I remain long EEP and wish all good luck...
    26 Feb 2013, 05:13 AM Reply Like
  • joverage
    , contributor
    Comments (57) | Send Message
    News dorks have not yet figured out Administration has no remaining political bill to pay less rational part of environmentalist lobby. Pipeline approval IS bargaining chip that closes almost-grand bargain April 15. Bet on it. Better use this opportunity to buy all the EEP you can. There will be no looking back after this spring. Think the Canadian government doesn't have a heads up on this? Think harder.
    26 Feb 2013, 08:48 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
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