Geri:
Merrill Lynch noted that DCP Midstream is the largest gatherer and processor of NGL in the US.
Mable:
Considering the pros and cons, Merrill Lynch views the deal as a neutral one for Phillips 66, but positive for the company as long as it removes a long-standing overhang from the value and viability of DCP Midstream.
Rudy:
Following this development, Bank of America Merrill Lynch reiterated its Buy rating and price objective of $91 on Phillips 66 stock.
Ricarda:
Furthermore, Spectra Energy has announced that it will send its ownership interest in both Southern Hills and Sand Hills natural gas liquid (NGL) pipelines.
Shaquita:
Phillips 66, Spectra Energy Corp.
Rozanne:
DCP Midstream is the largest oil and gas company and the largest private company in Denver, the city of its headquarters.
Gaynell:
It owns the general partner of DCP Midstream Partners, LP (NYSE: DPM), a master limited partnership, and provides operational and administrative support to the partnership.
Shirlee:
The company is a 50-50 joint venture between Phillips 66 and Spectra Energy.
Marquerite:
DCP Midstream operates in 17 states across major producing regions.
Elnora:
Spectra Energy has served North American customers and communities for more than a century.
Spectra Energy Corp (NYSE:SE)
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