Why Wall Street Analysts Are Bullish on TransCanada
TransCanada (TRP) has risen nearly 10.0% so far in 2017. It has outperformed Targa Resources (TRGP), ONEOK (OKE), and Enbridge (ENB) year-to-date.
On November 20, the Nebraska Public Service Commission approved TransCanada’s (TRP) Keystone XL Pipeline project. The pipeline would transport oil from Alberta’s oil sands reserves to Nebraska.
CVR Refining (CVRR), a downstream MLP involved in crude oil refining and refined products marketing, saw ratings updates and target price revisions from Barclays and UBS last week.
Energy Transfer Partners (ETP) is currently trading 6.6% below its 50-day SMA (simple moving average) and 21.0% below its 200-day SMA.
Alon USA Partners (ALDW), a downstream MLP involved in crude oil refining and refined products marketing, was the top MLP gainer last week.
Upstream MLPs including EV Energy Partners (EVEP), Mid-Con Energy Partners (MCEP), and Legacy Reserves (LGCY) were among the top MLP losers last week.
MLPs went through some carnage last week. The Alerian MLP Index (^AMZ), which tracks the performance of 50 energy MLPs, saw a new 52-week low of 258.45.
Institutions hold nearly 62.5% of Kinder Morgan’s outstanding shares.
Kinder Morgan (KMI) is currently trading 9.0% below its 50-day moving average and 14.0% below its 200-day moving average.
Kinder Morgan (KMI) fell 3.7% during the week ended November 17, 2017. KMI underperformed the broader energy sector during the week.
Williams Companies (WMB) was trading at an EV-to- EBITDA multiple of 11.0x on November 15, 2017.
The number of institutional holders in Williams Companies (WMB) rose to 932 by the end of 3Q17, compared with 920 in 2Q17.
Williams Companies (WMB) was trading 7.3% below its 50-day SMA (simple moving average) and 8.0% below its 200-day SMA as of November 15, 2017.
William Companies (WMB) is currently trading close to its 15-month low of $27.5. It has lost 4.5% since the start of this month.
Sanchez Midstream Partners (SNMP) has risen just ~4% year-to-date. However, it still made the list of top ten MLP gainers, as the sector has fallen ~15%. Sanchez Midstream Partners owns oil and…
Arc Logistics Partners (ARCX) ranked last in the list of top ten MLP gainers in 2017. ARCX has risen nearly 3% year-to-date, whereas the Alerian MLP Index has fallen ~15%. It…
Sunoco (SUN) has risen nearly 13% so far in 2017. In comparison, the Alerian MLP Index has fallen nearly 15%. Energy Transfer Equity (ETE)—Sunoco’s parent—owns Sunoco’s GP (general partner) interests and IDRs…
CVR Refining (CVRR) has risen nearly 14% in 2017, outperforming peers. The Alerian MLP Index has fallen nearly 15%. Improving refining fundamentals have likely contributed to CVR Refining’s rise over the…
Cheniere Energy Partners LP Holdings (CQH) has risen nearly 15% in 2017. Interestingly, CQH has risen more than Cheniere Energy (LNG) and Cheniere Energy Partners (CQP). In comparison, the Alerian…
Viper Energy Partners (VNOM) is a royalty interest MLP formed by Diamondback Energy (FANG). VNOM has risen nearly 19% since the beginning of 2017. In comparison, the Alerian MLP Index has…