Spectra’s stock price tumbles

Some good news: Spectra Energy‘s stock price has fallen to it’s lowest level in over two years.

As Spectra projects continue to get delayed or cancelled, and groups across the country continue to put pressure on financial institutions like State Street Corporation and Bank of America to divest form Spectra, we expect their stock price to drop even further.

With their earnings report due in early August, we should have a better understanding of where Spectra’s finances are at. We are also looking forward to an updated institutional investor list that will show which banks are scaling down their support of Spectra.

Spectra Meme

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