Seeking Alpha

Enbridge Energy Management, L.L.C. (EEQ)

  • Dec. 10, 2014, 7:15 PM
    • Some energy limited partnerships - pipeline operators or wholesale distributors, with less risky business models than oil E&P companies - have escaped much of the carnage in energy stocks and may make attractive investments, MarketWatch's Philip Van Doorn writes.
    • These 12 energy LPs, most of which fell today amid the energy sector rout, actually have posted gains since Nov. 1: TCP, EEQ, EEP, DM, BPL, SHLX, SGU, BIP, SRLP, APU, SEP, SPH.
    • Credit Suisse analyst John Edwards recently said many energy LPs look oversold; his top picks in the sector include EEP as well as NGLS, GEL, OKS, CNNX, PAA, BWP and AM.
  • Dec. 9, 2014, 5:25 PM
    • Canada will not impose new carbon emission rules on its oil and gas sector in a time of falling oil prices, Prime Minister Harper tells the House of Commons as international talks begin in Peru to reach a new global agreement on curbing greenhouse gas emissions.
    • Canada’s critical energy sector has been slammed by the recent collapse of world oil prices, and a number of Canadian producers recently have announced plans to cut spending and dividends.
    • Harper’s government, which counts the resource-rich western provinces as its core political base, had said it was prepared to work with the U.S. on environmental rules covering the continental oil and gas sector.
    • Among Canada's top energy firms: SU, ENB, EEP, EEQ, TRP, IMO, CNQ, TCK, CVE, BTE, OTCQX:COSWF, OTCQB:HUSKF
  • Dec. 4, 2014, 3:25 PM
    • Enbridge (ENB +10.8%) soars to all-time highs on heavy volume following news of its sweeping plan to raise its dividend by 33% and transfer ownership of its Canadian pipelines to affiliates in a bid to lower funding costs for future expansion and new projects.
    • The dropdown allows ENB “to accelerate dividend growth immediately and for the next four-plus years,” ScotiaBank analyst Matthew Akman says.
    • "It's another attempt to remove the conglomerate discount by streamlining its businesses," says Colin Cieszynski of CMC Markets.
    • The move comes as rival TransCanada (TRP +1.6%) faces pressure from activist investors to overhaul its business, including accelerating dropdowns into its U.S.-based affiliate TC Pipelines (TCP +0.6%) and a spinoff of its power business.
    • EEP +6.6%, EEQ +7.3%.
  • Dec. 4, 2014, 8:41 AM
    • Enbridge (NYSE:ENB+9.6% premarket after saying it will increase its dividend by 33% and transfer ownership of its Canadian pipelines to affiliates in an attempt to lower funding costs for future expansion and new projects.
    • ENB plans to drop down its Canadian pipeline assets to its Enbridge Income Fund subsidiary and then raise up to C$800M in equity over the next three years through another affiliate, Enbridge Income Fund Holdings (OTC:EBGUF).
    • The combined value of the pipeline assets involved in the transfer totals C$17B and includes the Canadian segment of the Alberta Clipper pipeline.
    • ENB says it also is considering a similar move to restructure its U.S. assets by transferring them to its Enbridge Energy Partners (NYSE:EEP) affiliate.
  • Sep. 18, 2014, 5:36 PM
    | Comment!
  • Jun. 19, 2014, 12:45 PM
    | Comment!
  • Sep. 9, 2013, 5:11 PM
    • Enbridge Energy Management (EEQ) -3.4% AH after saying it commenced a public offering of ~8M of its listed shares.
    • Proceeds will be used to invest in an equal number of i-units of Enbridge Energy Partners (EEP), which will pay down debt, finance a portion of its capex program relating to its core liquids and natural gas systems, and for general partnership purposes.
    | 1 Comment
  • Aug. 18, 2013, 8:30 AM
    • U.S. pipeline operators have a problem - finding cracks before they rupture and turn into oil spills.
    • The "number one asset," a torpedo-like robot called a "smart pig," can't always spot the fissures, or the data collected can take months to analyze.
    • A case in point came when Exxon Mobil (XOM) inspected a pipeline in Arkansas in February using a smart pig, only for the line to split open a month later and spill 5,000 barrels of crude. The device didn't find the minute cracks along the seam of the pipe that caused the burst.
    • The boom in U.S. oil output is straining the country's 184,000 miles of pipeline, with the volume of spillages jumping by 77% so far this year to 93,000 barrels.
    • Companies affected include EEQ, EEP, BKEP, MWE, KMR, KMP, SXE, EPD, PAA MMP, HEP and PSXP.
  • May 1, 2013, 4:39 AM
    Enbridge Energy Management (EEQ): Q1 EPS of $0.21 beats by $0.08. Revenue of $1.69B misses by $0.23B. (PR)
    | Comment!
  • Mar. 1, 2013, 12:56 PM
    Enbridge Energy Management (EEQ) closes its secondary with the underwriters exercising their option for 1.35M shares, bringing the total size to 10.35M and net proceeds of $272.9M. The funds will be used to buy i-units of Enbridge Energy Partners (EEP). (PR)
    | Comment!
  • Feb. 26, 2013, 9:10 AM
    Premarket gainers: CWH +28%. ALC +22%. ARWR +17%. AXTI +8%. SPRD +7%. AUXL +6%. DCTH +5%.
    Losers: TWI -10%. VVUS -7%. VSI -7%. EEQ -5%.
    | 1 Comment
  • Feb. 25, 2013, 5:45 PM
    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.
  • Jul. 24, 2009, 5:10 PM
    Enbridge Energy Management LLC (EEQ): Q2 EPS of $0.88 beats by $0.39. Revenue of $1.3B (-55%) vs. $1.8B. Shares +3.3% AH. (PR)
    | Comment!
Visit Seeking Alpha's
EEQ vs. ETF Alternatives
Company Description
Enbridge Energy Management LLC is a publicly traded limited liability company that manages and controls the business and affairs of Enbridge Energy Partners, L.P., a master limited partnership that engages in transportation and distribution of energy.