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Spectra Energy Partners Lp

Spectra Energy Partners L.P. was a publicly traded master limited partnership that was involved in the transportation of natural gas and crude oil. The company operated in the United States and Canada and was headquartered in Houston, Texas. Spectra Energy Partners was formed in 2006 as a spin-off from Duke Energy, and it became a publicly traded company in 2013 when it separated from its parent company, Spectra Energy Corp.

The partnership owned and operated a network of natural gas pipelines and storage facilities, as well as crude oil pipelines and storage facilities. Spectra Energy Partners' assets included the Texas Express Pipeline, the Algonquin Pipeline, and the Mariner East Pipeline, among others. The company also had a 50% interest in the DCP Midstream joint venture, which owns and operates gathering and processing assets in the midstream sector.

Spectra Energy Partners was listed on the New York Stock Exchange (NYSE) under the ticker symbol SEP, and its common units traded on the NYSE until August 27, 2H9, at which point it was delisted.

In 2019, the company was acquired by Enbridge, a Canadian energy company, in a deal worth $3.3 billion. The acquisition was seen as a strategic move by Enbridge to expand its presence in the North American energy market.

Spectra Energy Partners' financial performance had been mixed before its acquisition. While the company had generated steady revenue and cash flow, it faced significant expenses related to maintenance and upgrades of its aging pipeline network. In 2018, the company reported a net loss of $27 million, compared with a net income of $89 million in 2017.

The partnership had a total enterprise value of approximately $17 billion at the time of its acquisition. The deal with Enbridge was seen as a way to unlock value for Spectra Energy Partners' shareholders, as the partnership had struggled to grow its cash distribution in recent years.

It is important to note that as of August 2019, Spectra Energy Partners is no longer a publicly traded company and is now a subsidiary of Enbridge Inc. Any stock or financial information about the company is no longer publicly available. This response is based on information available up to August 27, 2019.

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