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  "docSlug": "42942301f902",
  "documentTitle": "Spectra Energy Corp (SE)",
  "authorId": "08_Sandell",
  "authorName": "Sandell Asset Management",
  "documentKindSlug": "activist-deck",
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  "presentationDate": "2013-06-01 00:00:00",
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  "notes": "The slide uses a SOTP framework to justify a target valuation range based on specific corporate actions (drop-downs, IPOs, sales).",
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      "text": "SE's Sum of the Parts (SOTP) Valuation Range is $41 to $48/share (+32% to +55% upside)",
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      "text": "SE's Sum of the Parts (SOTP) Valuation Range is $41 to $48/share (+32% to +55% upside). SE drop-down has successful case study. WE IPO is efficient and easy to pursue. DCP to be IPO'ed or sold.",
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      "text": "NAV / Share: $41-$48",
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      "kind": "table",
      "text": "Spectra Energy Corp. SOTP Valuation table showing Base Case and High Case for SEP, WE, and DCP components.",
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      "kind": "title",
      "text": "Unlocking Shareholder Value at Spectra Energy Corp",
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