Spectra Energy Partners, LP (SEP), NextEra Energy, Inc. (NEE): Is Spectra Energy Corp. (SE) Destined for Greatness?

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Spectra could also boost its revenue growth on the back of new capacity-adding projects. Fool analyst Taylor Muckerman notes that Spectra has set up a joint venture with DCP Midstream and Phillips 66 to lay down two pipelines, adding an additional nat-gas capacity of about 1 billion cubic feet per day. This will link lucrative fields in both the Eagle Ford and Permian basins to existing infrastructure in the Mont Belvieu area in eastern Texas. In addition, Chesapeake Energy Corporation (NYSE:CHK) is contracting with Spectra on a $500 million, 73-mile pipeline, which will connect Marcellus Shale reserves with the Gulf Coast. These deals, combined with its spinoff, could help Spectra overcome a period of fundamental weakness and provide returns backed with growth on its top and bottom lines.

Putting the pieces together
Today, Spectra Energy Corp. (NYSE:SE) has few of the qualities that make up a great stock, but no stock is truly perfect. Digging deeper can help you uncover the answers you need to make a great buy — or to stay away from a stock that’s going nowhere.

The article Is Spectra Energy Destined for Greatness? originally appeared on Fool.com and is written by Alex Planes.

Fool contributor Alex Planes has no position in any stocks mentioned. The Motley Fool recommends DCP Midstream Partners, LP and Spectra Energy.

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