Spectra Energy Corporation
) is expected to conduct maintenance outages in its Bobcat salt
cavern natural gas storage facility in Louisiana later this
The activity is related to expansion work at the site, where some
injections or withdrawals are likely to be confined. The
facility, located at St. Landry Parish, La., currently supplies
natural gas producers and shippers with around 14 billion cubic
feet (bcf) of working capacity. The expansion is projected to
boost capacity to 46 bcf.
As posted in a website, the company said it might have to
restrict interruptible and secondary firm injection or withdrawal
nominations. Spectra has three outages planned for Jul 24-26, Jul
30-Aug 2 and Aug 6-7, during which period it is likely to limit
ability to transmit supplies, depending on the interconnecting
The Bobcat site connects with Spectra's Texas Eastern natural gas
pipeline system and four other pipeline systems.
Spectra plans to deploy about $25 billion over the next decade on
fee-based gas infrastructure growth projects. The company expects
to commission around 8 projects through 2016. Further,
growth will be achieved by a master limited partnership (MLP)
dropdown strategy, following the recent asset additions.
Spectra Energy, through its subsidiaries and equity affiliates,
engages in the ownership and operation of a portfolio of
complementary natural gas-related energy assets. The company
operates in four segments: U.S. Transmission, Distribution,
Western Canada Transmission & Processing, and Field Services.
The company also has 50% ownership in DCP Midstream, one of the
largest natural gas gatherers and processors in the U.S.
Spectra Energy carries a Zacks Rank #3 (Hold). However, the Zacks
Ranked #1 (Strong Buy) stocks -
Memorial Production Partners LP
Gulfmark Offshore, Inc.
Natural Gas Services Group Inc.
) - are expected to outperform in the near term.
GULFMARK OFFSHR (GLF): Free Stock Analysis
MEMORIAL PRODUC (MEMP): Free Stock Analysis
NATURAL GAS SVC (NGS): Free Stock Analysis
SPECTRA ENERGY (SE): Free Stock Analysis
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