Google Finance: A Look at Spectra Energy (Post-Merger)

If you’re searching for Spectra Energy on Google Finance today, you won’t find a standalone listing. This is because Spectra Energy merged with Enbridge Inc. in 2017. Understanding what happened to Spectra Energy and how its legacy assets are reflected within Enbridge’s performance is crucial for investors interested in this sector.

Spectra Energy: A Brief History

Prior to the merger, Spectra Energy was a major North American natural gas infrastructure company. It owned and operated extensive pipelines, storage facilities, and processing plants. The company played a vital role in transporting and delivering natural gas to homes and businesses across the US and Canada. Key assets included the Texas Eastern Transmission pipeline, the Algonquin Gas Transmission pipeline, and a significant stake in DCP Midstream.

The Enbridge Merger

The merger with Enbridge created a larger, more diversified energy infrastructure company. Enbridge, primarily known for its crude oil pipelines, significantly expanded its natural gas footprint through this acquisition. The deal was structured as a stock-for-stock transaction, meaning Spectra Energy shareholders received Enbridge shares. As a result, Spectra Energy ceased to exist as an independent publicly traded entity.

Finding Information on Google Finance Today

Since Spectra Energy no longer exists as a separate entity, you won’t find a dedicated Google Finance page for it. However, you *can* find information relevant to Spectra Energy’s legacy assets within Enbridge’s financial data. Here’s how:

• Search for Enbridge Inc. (ENB): On Google Finance, search for “Enbridge” or its ticker symbol “ENB” (NYSE) or “ENB.TO” (TSX). This will take you to the Enbridge’s current stock quote, news, and financial reports.
• Review Enbridge’s Financial Reports: Carefully examine Enbridge’s annual reports (Form 10-K filings with the SEC) and quarterly reports (Form 10-Q filings). These reports break down revenue and earnings by business segment. Look for sections that discuss Enbridge’s natural gas pipelines, storage, and processing operations. This will provide insights into the performance of assets that were formerly part of Spectra Energy.
• Read News and Analysis: Search for news articles and analyst reports about Enbridge that specifically mention its natural gas infrastructure or the impact of the Spectra Energy merger. This can provide valuable context and commentary on how those assets are performing within the larger Enbridge portfolio.
• Consider Segment Reporting: Enbridge’s financial reports often include segment reporting, which details the financial performance of different business units. Pay close attention to the performance of their Gas Transmission and Midstream segments, as these largely encompass the assets previously held by Spectra Energy.

Key Takeaways

While you can’t directly track Spectra Energy on Google Finance anymore, understanding the merger and its impact on Enbridge is essential. By focusing on Enbridge’s financial reports, news coverage, and segment performance, you can gain valuable insights into the performance of the assets that once constituted Spectra Energy. Remember to always conduct thorough research and consult with a financial advisor before making any investment decisions.