NEW YORK, December 21, 2016 /PRNewswire/ --
The Oil and Gas Pipelines industry comprises contractors that are responsible for the construction of oil and gas pipelines,
mains, pumping stations, refineries, and storage tanks. It also includes construction management companies and special trade
contractors that are primarily involved in oil and pipeline construction. This morning, Stock-Callers.com presents the following
equities for assessment: Spectra Energy Corp. (NYSE: SE), QEP Resources Inc. (NYSE: QEP), Energy Transfer Partners L.P. (NYSE:
ETP), and Enbridge Inc. (NYSE: ENB). Learn more about these stocks by downloading their comprehensive and free reports at:
http://stock-callers.com/registration
Spectra Energy
Houston, Texas headquartered Spectra Energy Corp.'s stock finished Tuesday's session 0.72%
lower at $41.15 with a total trading volume of 2.12 million shares. The Company's shares have
surged 80.34% since the start of this year. The Company's shares are trading above their 200-day moving average by 14.99%.
Moreover, shares of Spectra Energy, which owns and operates a portfolio of natural gas-related energy assets in North America, have a Relative Strength Index (RSI) of 49.33.
On December 15th, 2016, Spectra Energy announced that during a special stockholder
meeting held on the day, its stockholders voted overwhelmingly to approve the previously announced combination of Spectra Energy
with Enbridge Inc. in a stock-for-stock merger transaction. Once the transaction is completed, the combination will create the
largest energy infrastructure company in North America and one of the largest globally, with a
pro-forma enterprise value of approximately C$165 billion (US$127
billion). SE complete research report is just a click away and free at:
http://stock-callers.com/registration/?symbol=SE
QEP Resources
Shares in Denver, Colorado headquartered QEP Resources Inc. rose 1.23%, ending yesterday's
session at $18.90 with a total trading volume of 3.60 million shares. The stock has gained 11.05%
in the past month, 4.59% in the previous three months, and 41.04% on an YTD basis. The Company's shares are trading 5.11% above
their 50-day moving average and 8.10% above their 200-day moving average. Moreover, shares of QEP Resources, which through its
subsidiaries, operates as a natural gas and crude oil exploration and production company in the US, have an RSI of 50.14.
As per a SEC filing dated December 15th, 2016, QEP Resource's Board of Directors
adopted an amendment and restatement of the Company's bylaws on December 15th, 2016, to
implement proxy access and make certain other conforming and clerical changes. Section 2.8 was added to Article II of the Bylaws.
This section permits up to 20 shareholders owning 3% or more of the Company's outstanding common stock continuously for at least
three years to nominate and include in its proxy materials director nominees constituting up to two individuals or 20% of the
Board of Directors (whichever is greater), provided that the shareholder(s) and the nominee(s) satisfy the requirements specified
in the Bylaws. The complimentary report on QEP can be downloaded at:
http://stock-callers.com/registration/?symbol=QEP
Energy Transfer Partners
On Tuesday, Dallas, Texas-based Energy Transfer Partners L.P.'s stock climbed 0.55%, to close
the day at $34.95. A total volume of 4.09 million shares was traded, which was above their three
months average volume of 3.54 million shares. The Company's shares have advanced 17.55% on an YTD basis. The stock is trading
0.56% above its 200-day moving average. Additionally, shares of Energy Transfer Partners, which engages in the natural gas
midstream, and intrastate transportation and storage businesses in the US, have an RSI of 49.08.
On November 21st, 2016, Sunoco Logistics Partners L.P. and Energy Transfer Partners
announced that they have entered into a merger agreement providing for the acquisition of Energy Transfer Partners by Sunoco
Logistics Partners in a unit-for-unit transaction. The transaction was approved by the boards of directors and conflicts
committees of both partnerships and is expected to close in Q1 2017.
On November 22nd, 2016, research firm Stifel downgraded the Company's stock rating
from 'Buy' to 'Hold' while revising its previous target price from $48 to $37. Sign up for your
complimentary research report on ETP at:
http://stock-callers.com/registration/?symbol=ETP
Enbridge
Shares in Calgary, Canada headquartered Enbridge Inc. ended the day 0.75% lower at
$42.25. A total volume of 1.16 million shares was traded. The stock has gained 32.72% since the
start of this year. The Company's shares are trading above their 200-day moving average by 3.58%. Furthermore, shares of
Enbridge, which operates as an energy transportation and distribution company in the US and Canada, have an RSI of 48.88.
On December 15th, 2016, Enbridge announced that its shareholders overwhelmingly
approved the required resolutions in connection with the merger transaction between Enbridge and Spectra Energy at the Special
Meeting of shareholders. Of the common shares of Enbridge voted at the meeting, 99.42% of the Enbridge's shares voted in favour
of the issuance of Enbridge's Shares as consideration for the transaction. Get free access to your research report on ENB at:
http://stock-callers.com/registration/?symbol=ENB
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