Donald Trump supports the Dakota Access Pipeline
Energy Transfer Partners (ETP) and Sunoco Logistics Partners (SXL) still hope to complete the Bakken Pipeline project. Investors and other stakeholders expect Donald Trump to reverse the decision announced by President Obama’s administration. Donald Trump indicated his support for the Dakota Access Pipeline before the announcement of the easement denial. Donald Trump’s team reiterated its support for completing the pipeline following the permit denial. A few US energy industry groups also support providing the Dakota Access Pipeline permit.
It’s important to note that 81.0% of the analysts surveyed by Reuters rate Energy Transfer Partners as a “buy” and the remaining 19.0% rate it as a “hold.” For Energy Transfer Equity (ETE), 65.0% of the analysts surveyed rate it as a “buy” and the remaining 35.0% rate it as a “hold.” For Sunoco Logistics Partners, 59.0% of the analysts surveyed rate it as a “buy,” 36.0% rate it as a “hold,” and the remaining 5.0% rate it as a “sell.” Recently, Sunoco Logistics Partners was upgraded by RBC Capital Markets from “sector perform” to “outperform,” which is equivalent to “buy.” For a recent company analysis on Sunoco Logistics Partners, read Checking in with Sunoco Logistics after Its Merger Announcement.