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Enbridge Energy Partners L.P.NYSE
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  • Tue, Nov. 22, 3:18 PM
    • Energy Transfer Partners (ETP -3%) and Sunoco Logistics Partners (SXL -2.7%) are lower for a second straight session following yesterday's unit-for-unit merger deal (I, II), while Enbridge Energy Partners (EEP +2.8%) rises for a third consecutive day.
    • Stifel downgrades ETP to Hold from Buy with a $37 price target, trimmed from $48, as the firm sees little upside at current valuations given that units now effectively track movements in the price of SXL, which the firm reiterates at Hold with a $24 target, cut from $29.
    • Tudor Pickering says it would be buyers of SXL “despite investor fears of a forced SXL takeout bid materializing,” and adds that the deal cuts yield for ETP unitholders in exchange for no premium takeout, while SXL owners “have their asset base diluted to shore up ETP’s unsustainable payout."
    | Tue, Nov. 22, 3:18 PM | 38 Comments
  • Mon, Nov. 14, 5:57 PM
    • Energy Transfer Partners (NYSE:ETP) -1.2% AH on news that the Obama administration plans to extend its review before deciding on a permit for the $3.8B Dakota Access crude pipeline, further delaying work on a segment of the project that has been stalled since September.
    • The U.S. Army Corps of Engineers says further talks are warranted given the importance of the lake to the Standing Rock Sioux Tribe, and that it will work with the tribe on a timeline “that allows for robust discussion and analysis to be completed expeditiously.”
    • The setback likely will prove temporary, as the incoming Trump administration is expected to grant approval to finish the project.
    • Other relevant tickers: SXL, ETE, PSX, MPC, ENB, EEP
    | Mon, Nov. 14, 5:57 PM | 183 Comments
  • Fri, Nov. 11, 2:14 PM
    • A decision on completion of the Dakota Access Pipeline near tribal lands in North Dakota will come in the next few days, possibly by Monday, says an Army Corps of Engineers spokesperson.
    • The Obama administration intervened in September to temporarily halt construction under Lake Oahe so the Army Corps could review permitting; pipeline owner Energy Transfer Partners (ETP -0.9%) has continued to build to the edge of the federal land where the lake is located, and earlier this week said it was moving equipment to prepare to tunnel under the lake.
    • Other relevant tickers include SXL, PSX, MPC, ENB, EEP.
    | Fri, Nov. 11, 2:14 PM | 22 Comments
  • Mon, Nov. 7, 5:56 PM
    • Some Iowa landowners are complaining about construction of the Dakota Access oil pipeline, saying crews have left behind debris, released cattle from grazing areas and disrespected their land, according to the Des Moines Register.
    • Several Iowa landowners have petitioned county inspectors, supervisors and state regulators, claiming that questionable construction practices are worsening tensions between landowners and builders of the 1,170-mile pipeline.
    • Dakota Access says it takes its construction commitments seriously, but that none of the complaints filed with the Iowa Utilities Board has been validated so far.
    • Energy Transfer Partners (NYSE:ETP) is the project leader; other relevant tickers include SXL, PSX, MPC, ENB, EEP.
    | Mon, Nov. 7, 5:56 PM | 30 Comments
  • Wed, Nov. 2, 11:22 AM
    • Energy Transfer Partners (ETP -1.3%) is lower as Pres. Obama weighs in on the Dakota Access pipeline, saying the U.S. government is examining ways to reroute the pipeline and address concerns raised by Native American tribes.
    • Obama's comments are his first to directly address the escalating conflict between local authorities and protesters over the $3.8B pipeline project.
    • Obama says government agencies will let the situation "play out for several more weeks and determine whether or not this can be resolved in a way that I think is properly attentive to the traditions of First Americans."
    • Other relevant tickers include SXL, PSX, MPC, ENB, EEP
    | Wed, Nov. 2, 11:22 AM | 154 Comments
  • Mon, Oct. 31, 11:48 AM
    • Native American leaders say they plan to protest through the winter against the Dakota Access oil pipeline and are considering lawsuits over police treatment of arrested protesters.
    • At least 200 demonstrators returned over the weekend to the site of an earlier confrontation with police to stage a peaceful vigil near the town of Cannon Ball, at the edge of the Standing Rock Sioux Reservation; no arrests were made after 142 people were arrested on Thursday and Friday.
    • The planned 1,172-mile path of the pipeline being built by a group of companies led by Energy Transfer Partners (ETP -0.2%), would skirt the reservation by about a half mile, but the Standing Rock tribe and environmental activists say it threatens water supplies as well as sacred Native American sites.
    • Meanwhile, not all Standing Rock Sioux are united in protest, as some say most of the protestors are from far distances, are a nuisance to the community, and the crowds are out of control with serious injuries only a matter of time.
    • Other relevant tickers include SXL, PSX, MPC, ENB, EEP
    | Mon, Oct. 31, 11:48 AM | 154 Comments
  • Mon, Oct. 31, 6:19 AM
    • Enbridge Energy Partners (NYSE:EEP) declares $0.583/share quarterly dividend, in line with previous.
    • Forward yield 9.12%
    • Payable Nov. 14; for shareholders of record Nov. 7; ex-div Nov. 3.
    | Mon, Oct. 31, 6:19 AM
  • Mon, Oct. 31, 6:03 AM
    • Enbridge Energy Partners (NYSE:EEP): Q3 EPS of $0.09 misses by $0.10.
    • Revenue of $1.12B (-11.8% Y/Y) misses by $10M.
    • Press Release
    | Mon, Oct. 31, 6:03 AM | 1 Comment
  • Mon, Oct. 24, 2:43 PM
    • The head of the Standing Rock Sioux tribe is urging the Justice Department to investigate tactics used by police in North Dakota against protesters of the Dakota Access oil pipeline, after a weekend in which local authorities arrested 127 people for charges that included reckless endangerment, criminal trespass, engaging in a riot and assault on a police officer.
    • The tribe and environmental activists have been protesting construction of the 1,100-mile pipeline, being built by a group of companies led by Energy Transfer Partners (ETP -0.6%), saying it threatens the water supply and sacred sites.
    • Tensions have shown no sign of easing since the Justice Department, Interior Department and U.S. Army Corps of Engineers intervened last month to stop construction of the pipeline at a river crossing and begin a review of the approval process for infrastructure projects that traverse traditional tribal lands.
    • Other relevant tickers: SXL, PSX, MPC, ENB, EEP
    | Mon, Oct. 24, 2:43 PM | 133 Comments
  • Mon, Oct. 17, 5:18 PM
    • Construction equipment for the Dakota Access oil pipeline sustained ~$2M in damage in an intentionally set fire over the weekend in Iowa.
    • The Jasper County Sheriff's office said the fire occurred late Saturday near the town of Reasnor, Iowa, near the site of an equipment fire in August along the 1,100-mile pipeline route, which is planned to carry oil from North Dakota to the U.S. Gulf coast.
    • Opposition to the $3.7B pipeline has been increasing, and construction of one section in North Dakota has been halted in response to protests by the Standing Rock Sioux tribe and environmental activists and is under federal review.
    • Relevant tickers: ETP, SXL, PSX, MPC, ENB, EEP
    | Mon, Oct. 17, 5:18 PM | 81 Comments
  • Thu, Oct. 13, 12:44 PM
    • Bernie Sanders is one of five U.S. senators calling on Pres. Obama to order a comprehensive environmental review of the Dakota Access pipeline project that has stoked increasingly fierce opposition from Native Americans and environmental activists; experts say such a review could take several months.
    • "The project’s current permits should be suspended and all construction stopped until a complete environmental and cultural review has been completed for the entire project," says the letter from Sens. Sanders, Feinstein, Markey, Leahy and Cardin.
    • The $3.7B project is being built by the Dakota Access subsidiary of Energy Transfer Partners (ETP -0.2%), which has vowed to complete construction; other relevant tickers are SXL, PSX, MPC, ENB, EEP.
    | Thu, Oct. 13, 12:44 PM | 158 Comments
  • Wed, Oct. 12, 2:48 PM
    • Five oil pipelines that carry millions of barrels of crude to the U.S. from Canada have restarted after being shut down by environmental protesters yesterday, although at least one of the lines was operating at reduced rates.
    • Company reps for TransCanada (NYSE:TRP) and Spectra Energy (SE, SEP) say their respective Keystone and Express pipelines both restarted yesterday afternoon, and Kinder Morgan (NYSE:KMI) says the spur of the pipeline impacted by the protesters is not operating but it has since restarted the rest of the pipeline.
    • Enbridge (ENB, EEP) has not disclosed the situation at its Mainline pipeline, but Genscape says the pipeline has resumed normal flows.
    | Wed, Oct. 12, 2:48 PM | 32 Comments
  • Tue, Oct. 11, 2:19 PM
    • Energy Transfer Partners (ETP -1.5%) says it expects to receive federal approval soon to complete the Dakota Access oil pipeline following Sunday's federal appeals court ruling that reaffirmed a lower court decision in September denying an injunction sought by the Standing Rock Sioux tribe.
    • The lead company building the controversial project says it is confident that the only remaining approval it needs - a permit to allow the pipeline to cross the Missouri River - will be granted soon by the Army Corp of Engineers.
    • ETP says the latest ruling frees it to continue building the pipeline in an area extending 20 miles on either side of the Missouri River.
    • Other relevant tickers: SXL, PSX, MPC, ENB, EEP
    | Tue, Oct. 11, 2:19 PM | 50 Comments
  • Mon, Oct. 10, 5:28 PM
    • The U.S. Army Corps of Engineers says is not yet authorizing construction of the Dakota Access pipeline on federal land in southern North Dakota, and is reiterating its earlier request for pipeline owner Energy Transfer Partners (NYSE:ETP) to voluntarily stop work on private land in the area.
    • The Corps' statement follows yesterday's federal appeals court ruling that allowed construction to resume on the pipeline within 20 miles of Lake Oahe, which set off large protests today at two construction sites in North Dakota.
    • The U.S. Justice Department, Interior Department and the Corps also say they are still reviewing the need to reforms in the way tribal views are considered for such projects.
    • Other relevant tickers: SXL, PSX, MPC, ENB, EEP
    | Mon, Oct. 10, 5:28 PM | 85 Comments
  • Mon, Oct. 10, 10:39 AM
    • The D.C. Circuit Court of Appeals Sunday night rejected a Native American tribe's attempt to block construction of the Dakota Access pipeline, denying an injunction because it said the tribe did not meet the legal standards for such a maneuver.
    • Although work may resume within a 20-mile radius of Lake Oahe, the Department of Justice and other U.S. agencies continue to halt construction on federal and adjacent to Lake Oahe and has requested a voluntary halt on private lands.
    • The Standing Rock Sioux tribe sought the injunction under the National Historic Preservation Act, arguing that places of cultural and religious significance to the tribe would be harmed by construction.
    • Relevant tickers: ETP, SXL, PSX, MPC, ENB, EEP
    | Mon, Oct. 10, 10:39 AM | 45 Comments
  • Mon, Sep. 19, 3:28 PM
    • Goldman Sachs upgrades its coverage on energy midstream partnerships to Attractive from Neutral, expecting a return of volume growth in 2017 and further growth in natural gas liquids, oil and natural gas helping to generate better margins.
    • The firm foresees few risks of any additional dividend cuts, as leverage and coverage should show improvements in 2017 and 2018, and believes financial risks from capital markets have begun to recede.
    • Goldman upgrades two names - Targa Resources (TRGP +3%) and Buckeye Partners (BPL +1.8%) - to Buy from Neutral, and lifts two more - Enable Midstream Partners (ENBL +3%) and Enbridge Energy Partners (EEP +0.9%) - to Neutral from Sell; however, EnLink Midstream (ENLC -0.5%) is downgraded to Sell.
    | Mon, Sep. 19, 3:28 PM | 14 Comments