Oilfield services still face bankruptcy threat, but rest of industry relatively in the clear for this year.
Analysts’ report describes massive amount of maturing, expiring debt facing oilfield services sector.
MLPs as an asset class have matured, and picking winners is now more difficult.
Williams cuts dividend by 69%, citing turmoil after failed ETE merger and low commodity prices.
Phillips 66 Partners To Buy S. Louisiana NGL Logistics Assets
This transaction follows Emerson’s recently announced divestitures of Network Power, Leroy-Somer and Control Techniques for a total of $5.2 billion.
Enterprise's approach came after peer Energy Transfer Equity terminated its merger agreement with Williams in June after a prolonged legal battle.
This is the first major deal by Williams Cos. since Energy Transfer Equity walked away from its more than $20 billion takeover of the company in June.
The units are priced at $35.84 each.
Enbridge is expanding its North American pipeline network, which carries the bulk of Canadian crude oil exports to the U.S., Reuters reported.
AIMCo will initially purchase $300 million units with a commitment to purchase an additional $200 million in the future.