Analytical Reports on El Paso Corp. and Spectra Energy Corp. - Expansion Efforts Help Pipelines
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The oil and gas pipeline industry saw a strong quarter as a whole and expansion efforts could continue to fuel growth even in the event of a sustained economic slowdown.
brings investors free classic analysis on El Paso Corp., Spectra Energy Corp. and other companies within the Oil & Gas Pipelines industry. This type of analysis is only a fragment of the information members have available to them. To learn more we encourage investors to sign up at .
El Paso Corp. grew second quarter revenues to $1.23 billion over $1.01 billion in the prior year quarter. A 44.9% revenue increase out of its Exploration and Production segment was mostly responsible for the improvement. El Paso will spin off its E&P business into a separate publicly traded company. As of August 15th, the transition was going smoothly according to the company.
Like El Paso, Spectra Energy Corp. turned in a positive second quarter with revenues improving 12% on a year over year basis due in part to expansion efforts and higher commodity prices. Spectra was also aided by a stronger Canadian dollar. gives traders a unique insight about and by registering now at
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Moving forward, while the latest concerns of a double dip in the recession affect almost all industries, expansion efforts and strong second quarters could still sustain growth for several pipeline companies.
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Datum: 26.08.2011 - 06:30 Uhr
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