Spectra Energy Corp (SE) has risen sharply, recording gains of 6.43% in the past 4 weeks. However, the stock has corrected -1.27% in the past 1 week, providing a good buying opportunity on dips. Spectra Energy Corp (SE) : During the past 4 weeks, traders have been relatively bearish on Spectra Energy Corp (SE), hence the stock is down -0.3% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -1.87% relative to the S&P 500.
Spectra Energy Corp (NYSE:SE): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $36.54 and $36.33 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $36.78. The buying momentum continued till the end and the stock did not give up its gains. It closed at $36.58, notching a gain of 0.47% for the day. The total traded volume was 2,213,058 . The stock had closed at $36.41 on the previous day.
The stock has recorded a 20-day Moving Average of 1.02% and the 50-Day Moving Average is 7.84%. Spectra Energy Corp. is up 19.5% in the last 3-month period. Year-to-Date the stock performance stands at 56.98%.
Spectra Energy Corp is a natural gas infrastructure company. The Company owns and operates natural gas-related energy assets and a crude oil pipeline system connecting Canadian and the United States producers to refineries in the United States Rocky Mountain and Midwest regions. It operates in three areas of the natural gas industry: gathering and processing, transmission and storage, and distribution. It conducts its business in four segments: Spectra Energy Partners, Distribution, Western Canada Transmission & Processing, and Field Services. It provides transmission and storage of natural gas to customers in various regions of the northeastern and southeastern United States, the Maritime Provinces in Canada, the Pacific Northwest in the United States and Canada, and in the province of Ontario, Canada. It also provides natural gas sales and distribution services to retail customers in Ontario, and natural gas gathering and processing services to customers in western Canada.