Crestwood Midstream Partners LP
Must-know: Why is Regency’s acquisition of PVR Energy important?
Gas prices may be low now, but long-term gas drilling is here to stay in North America Currently, natural gas prices are relatively depressed, and short-term natural gas drilling activity on the whole doesn’t appear to be rising (see Why natural gas rigs aren’t likely to rise much through year-end). However, Regency’s purchase of PVR […]
Why DCP Midstream Partners’ Coverage Ratio Could Increase
DPM has substantial liquidity of $1.25 billion under its revolver credit facility. With a current debt-to-EBITDA ratio of 3.3x and a TTM coverage ratio of 1.1x, DPM has a cushion for raising fresh capital.
Commodity Prices Impact Midcoast Energy’s Operations
Midcoast Energy Partners’ (MEP) natural gas throughput volumes fell in 2Q15 compared to 1Q15 and 2Q14. The decrease was primarily due to the low commodity price environment for natural gas and NGLs.
Rose Rock Midstream: Top Midstream MLP Loser on August 25
Rose Rock Midstream (RRMS) was the top loser among midstream MLPs at the end of trading on Tuesday, August 25. It fell 4.71% in a single trading session.
Paulson & Co. adds a new stake in Talisman Energy
Talisman Energy is a global upstream oil and gas company headquartered in Canada. Revenue plunged to $44 million, down from $929 million in 2013.
Transmontaigne Partners: Worst Midstream Performer on September 30
Transmontaigne Partners (TLP) was the worst performer among midstream MLPs at the end of trading on Wednesday, September 30. It lost 2.16%.
The AMLP ETF Disappointed Last Week
The Alerian MLP ETF (AMLP) fell 2.94% in the week ended September 11. The ETF tracks an index of 23 midstream MLP companies.
Regency’s PVR Midstream acquisition means Marcellus Shale exposure
Regency recently acquired a foothold in the Marcellus by buying PVR Partners LP in March this year in a deal worth $5.6 billion, specifically to boost its footprint in the Appalachian Basin.
More than Half of Analysts Surveyed Rate Midcoast Energy a ‘Hold’
Of the analysts surveyed by Bloomberg, 22% rate Midcoast Energy Partners (MEP) a “buy,” and 56% rate it a “hold.” About 22% rate it a “sell.” Its consensus target price is $13.40.
Midcoast Energy’s Distributable Cash Flows Are Growing
Midcoast Energy Partners’ (MEP) distributable cash flows increased in 2Q15 compared to 1Q15 and 2Q14. Its distributable cash flows have shown a rising trend since listing.
Midcoast Energy’s Year-to-Date Returns Exceed Industry Average
Midcoast Energy Partners’ (MEP) year-to-date total returns are -12.2%. It gathers, processes, transports, and markets natural gas and NGLs (natural gas liquids).
Pharmaceuticals and Industrials Dominate High Yield Bond Issuance
Investor appetite was strong for a lot of the high yield bonds that were priced in the market in the week ended March 13.