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Spectra Energy Corp
Spectra Energy Corp, with the stock ticker symbol SE, was a leading North American energy infrastructure company based in Houston, Texas. However, it's important to note that Spectra Energy Corp is no longer an independent public company. In February 2017, Spectra Energy Corp merged with Enbridge Inc. (ENB) in a transaction valued at approximately $28 billion, creating one of the largest energy infrastructure companies in North America.
As a result, the stock symbol "SE" is no longer active on the USA stock exchange. Enbridge Inc. (ENB) now trades on the New York Stock Exchange (NYSE) and the Toronto Stock Exchange (TSX) under the symbol "ENB."
Prior to the merger, Spectra Energy Corp focused on the transmission, storage, and distribution of natural gas and had a strong presence in various regions across North America. The company reported solid financial performance, with consistent earnings growth, and was considered a key player in the energy sector. Its core business segments included:
1. U.S. Transmission & Storage: This segment primarily focused on owning and operating interstate natural gas pipelines and storage systems in the United States.
2. Western Canada Transmission & Storage: This business segment was responsible for owning and operating natural gas transmission and storage facilities in western Canada.
3. Field Services: This segment provided natural gas gathering, processing, and transmission services primarily in the United States.
Since the merger, Enbridge Inc. has continued to operate and grow the combined company's energy infrastructure assets, including those previously owned by Spectra Energy Corp. Enbridge remains a significant player in the energy sector, with an extensive network of crude oil, liquids, and natural gas pipelines, as well as a variety of storage facilities.