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Sunday, September 13, 2015 3:38:12 PM
Phillips 66 will contribute $1.5B in cash while Spectra Energy offers up its share in both the Sand Hills and Southern Hills NGL pipelines.
This transaction was made to provide a financial boost to DCP Midstream which has been hurt from very weak commodity prices.
This deal also benefits DCP Midstream Partners, which is DCP Midstream’s MLP.
Purely My Own Opinion. Do Your Own Due Diligence.
“Formula for success: rise early, work hard, strike oil.” - J. Paul Getty
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