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Enbridge Energy Partners, L.P.

5/21/2013, 4:34 PM ET

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Monday, May 20, 6:47 PM Enbridge Energy Partners (EEP), which had threatened to close an oil rail loading terminal in North Dakota unless the content of potentially deadly sulfide gas in Bakken crude shipments was reduced below 5 ppm, now says it will accept shipments if it is notified in advance but may seek reimbursement for damages caused by any unauthorized delivery. Comment! [Energy]
Wednesday, May 15, 4:53 PM Ned Davis Research finds MLPs in a familiar bind: They look rich by historical standards but not relative to income investing alternatives. Judging MLPs just by distributable cash flow, their 6.85% average DCF yield is well below their long-term 9.2% median, which would make MLPs “dramatically overvalued." NDR's favorites on a pullback: ETP, OKS, EEP, EPB, ACMP. 9 Comments [Energy, Quick Ideas]
Wednesday, May 15, 3:51 PM Enbridge Energy Partners (EEP +1.3%) says it may be forced to shut down an 80K bbl/day oil-loading rail terminal in North Dakota unless the amount of potentially deadly hydrogen sulfide in crude oil delivered to the facility can be reduced. EEP is seeking to limit the amount of harmful gas in the delivered crude to 5 ppm, but Plains All American (PAA) counters that other pipeline companies have a threshold of 10 ppm. 1 Comment [Energy]
Wednesday, May 15, 12:36 PM Jim Cramer and technician Toni Hansen tout two stocks with both upside potential and bountiful yields. Atlas Pipeline Partners (APL +2.1%) sports a cup-and-handle pattern, considered a fairly reliable bullish pattern. Enbridge Energy Partners (EEP +1.3%) has been consolidating, trading sideways on higher volume, which suggests rising buying interest and a possible breakout higher. Comment! [Energy, Quick Ideas]
Wednesday, May 8, 12:31 PM Enbridge (ENB +0.3%) agrees to invest $1.2B in Enbridge Energy Partners (EEP +3.8%) through a private placement of preferred units expected to close later today. EEP says the placement will significantly reduce the amount of third-party funding required and relieve the equity issuance overhang it believes is pressuring its valuation. Comment! [Energy, On the Move]
Tuesday, April 30, 4:29 PM Enbridge Energy Partners (EEP) plans to construct a 150M cf/day cryogenic natural gas processing plant in east Texas, which will expand EEP's processing capacity ~820M cf/day in the Cotton Valley and Haynesville shale regions. The cost of the project is estimated at $140M. Comment! [Energy]
Tuesday, April 30, 4:17 PM Enbridge Energy (EEP): Q1 EPS of $0.21 beats by $0.02. Revenue of $1.69B misses by $0.15B. (PR) Comment! [Earnings, Breaking News]
Tuesday, April 30, 11:42 AM Growing distributions while growing the business is the key for MLPs for the rest of 2013, and Merrill's MLP research team highlights energy partnerships it believes can expand their current business models while raising their distributions to shareholders. Likely to enjoy the highest payout increases: ACMP, BPL, EEP, EPD, GEL, NRGM, MWE, PAA. Comment! [Energy, Quick Ideas]
Tuesday, April 30, 12:10 AM Notable earnings after Tuesday’s close: ACAS, AFFX, AJG, AMRS, APU, ATLS, AUY, AVB, BCOV, BGC, BLMN, BXP, CAVM, CLD, CRAY, DDR, DENN, DGI, DWA, EEP, EIX, ELGX, ELLI, ENTR, EQR, EZPW, FEIC, FIRE, FISV, FLEX, FMC, FTNT, GDOT, GEVO, GNW, HCBK, HT, HTCH, IACI, INT, JIVE, JLL, JMBA, LEAP, MDU, MERU, MRGE, MSPD, MTW, MWA, MX, NANO, NCR, NUVA, OKE, OKS, PRAA, PRXL, QCOR, QEP, REXX, RGC, RPXC, SGI, SHOR, SIMG, SKT, SM, SONS, STR, SWI, TE, TRMB, TRN, UGI, ULTI, UNTD, UNXL, VNR, VRSK, VRTX, WNC, WRI, WU, XCO Comment! [Earnings]
Monday, April 29, 5:35 PM Notable earnings after Tuesday’s close: ACAS, AFFX, AJG, AMRS, APU, ATLS, AUY, AVB, BCOV, BGC, BLMN, BXP, CAVM, CLD, CRAY, DDR, DENN, DGI, DWA, EEP, EIX, ELGX, ELLI, ENTR, EQR, EZPW, FEIC, FIRE, FISV, FLEX, FMC, FTNT, GDOT, GEVO, GNW, HCBK, HT, HTCH, IACI, INT, JIVE, JLL, JMBA, LEAP, MDU, MERU, MRGE, MSPD, MTW, MWA, MX, NANO, NCR, NUVA, OKE, OKS, PRAA, PRXL, QCOR, QEP, REXX, RGC, RPXC, SGI, SHOR, SIMG, SKT, SM, SONS, STR, SWI, TE, TRMB, TRN, UGI, ULTI, UNTD, UNXL, VNR, VRSK, VRTX, WNC, WRI, WU, XCO 2 Comments [Earnings]
Wednesday, April 10, 5:35 PM Barclays sees the growth in crude oil rail transport as a “slight positive” for MLPs, as it provides terminal investment opportunities and potential synergies partially offset by increasing competition. The financial impact of rail on MLPs is still relatively modest, the firm says, as pipelines remain the dominant mode of U.S. crude transportation due to cost and safety advantages relative to rail, barge and truck. 3 Comments [Energy]
Wednesday, April 3, 6:10 PM The Seaway crude oil pipeline is operating normally, operator Enterprise Products Partners (EPD) says, denying rumors in energy markets that the line had shut down. Pipeline monitor Genscape reported it had observed decreased power consumption at all pumping stations along the line's route at ~9:00 a.m. EST and later said it saw resumed flows on the line at ~11:15. 1 Comment [Energy]
Tuesday, March 26, 10:59 AM A coalition of Ontario municipalities is raising concerns about plans to expand and reverse the flow of Enbridge’s (ENB, EEP) Line 9 pipeline to Montreal, mindful of ENB's 2010 rupture in Michigan that spilled 20K barrels of crude into local waterways. The $129M project could save Quebec refiners up to $23B over 30 years, but municipal officials want to ensure they're not stuck with cleanup costs in the event of a rupture. 2 Comments [Energy]
Friday, March 22, 5:01 PM The FERC rejects a proposed extension of Enbridge's (ENB; EEP) $2.5B Sandpiper pipeline project that would move oil from North Dakota to Wisconsin and Minnesota, saying ENB's proposed rate structure was not supported by existing regulations. ENB has considered the project a key part of its plan for overall expansion in North America. 9 Comments [Energy]
Thursday, March 21, 9:11 AM Enbridge Energy Partners (EEP) says higher-than-expected costs of additional cleanup from a Michigan oil spill three years ago may push the total bill past the limit of its insurance coverage, hurting its financial results. Any costs that flow directly to its own financial statements "will cause increased volatility in the partnership's results of operations and cash flows." 1 Comment [Energy]
Wednesday, March 20, 6:57 PM Phillips 66 (PSX) is the latest energy company to aggressively pursue pushing cheaper U.S. crude through rail to its refineries, after signing deals with Enbridge Partners (EEP; also), Targa Partners (NGLS) and Magellan Midstream (MMP). PSX's new partnerships show refiners are accepting that U.S. oil production, set to grow by nearly 1M bbl/day in 2013 to 7.3M bbl/day, is not a flash in the pan. 11 Comments [Energy]