Friday, May 9, 2025

Energy Transfer Partners Completes Dropdown of Remaining Retail Business for $2.2 Billion

Latest dropdown brings total transactions to $5.7 billion in just over a year Energy Transfer Partners (ticker: ETP) announced the dropdown of its remaining retail business to Sunoco LP (ticker: SUN) for total consideration of $2.226 billion. Energy Transfer Partners’ dropdown consisted of its remaining 68.42% interest in Sunoco, as well as its 100% interest in the legacy Sunoco retail

Enbridge Boosts Dividends, Transfers $30.4 Billion of Assets to Income Fund

Enbridge Income Fund Receives Canadian Oil Sands System and Renewables Enbridge (ticker: ENB) followed through on its April 2015 proposal to transfer assets to its Income Fund, swapping ownership of its Canadian Mainline, Regional Oil Sands System and Canadian renewable assets for a closing value of $30.4 billion. The value includes $18.7 billion of units in the fund structure and

Devon joins shale firms to cut spending as oil hovers at $30- oil and gas 360

Devon Energy Completes Dropdown

Devon Energy Transfers VEX Ownership to Enlink Midstream Last week Devon Energy (ticker: DVN) completed a dropdown of its Victoria Express Pipeline (VEX) to Enlink Midstream Partners (ticker: ENLK). Devon will receive $280 million from ENLK and EnLink Midstream LLC (ticker: ENLC), in which it owns a 34% and 70% interest, respectively. The VEX pipeline is a 56-mile multi-grade crude