Enbridge Energy Partners credit rating could 'significantly weaken,' DBRS warns [Seeking Alpha]
ENBRIDGE ENERGY PARTNERS (EEP)
Last enbridge energy partners earnings: 11/1 04:22 pm
Check Earnings Report
US:NYSE Investor Relations:
enbridgepartners.com/investor-relations/eep/events-and-presentations.aspx
Company Research
Source: Seeking Alpha
Enbridge Energy Partners credit rating could 'significantly weaken,' DBRS warnsCanadian credit ratings agency DBRS warns the U.S. Federal Energy Regulatory Commission's decision that MLPs would no longer be able to recover an income tax allowance in certain pipeline service contracts could “significantly weaken” key credit metrics of Enbridge Energy Partners (NYSE:EEP).DBRS also expects the combination of the FERC decision and implications of recent U.S. tax reforms “would eliminate a significant portion of the remaining cushion currently embedded in EEP’s ratings."EEP already haswarned that its 2018 revenues could come in $100M lower than expected while its distributable cash flow would be $60M lower as a result of the change.RBC Capital says EEP now is “a broken tool,” cutting its price target to US$12 from US$17, and whacks its price target on TransCanada (NYSE:TRP) subsidiary TC Pipelines (NYSE:TCP) to US$45 from US$66 as roughly half of the company’s agreements will be affected b
Show less
Read more
Impact Snapshot
Event Time:
EEP
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
EEP alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
EEP alerts
High impacting ENBRIDGE ENERGY PARTNERS news events
Weekly update
A roundup of the hottest topics