Enbridge Inc

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  • Suncor Energy work site
    Energy & Utilities

    What Are the Best Canadian Energy Stocks to Buy in September?

    By Mohit Oberoi, CFA
  • uploads///WTI crude oil price
    Macroeconomic Analysis

    Declining commodity prices drag the loonie down

    Declining commodity prices directly impact export revenues and affect the top line for Canadian firms operating in the energy sector.

    By Surbhi Jain
  • Energy & Utilities

    Why price differential and rail competition challenge Bakken

    Although pipelines are the cost-effective way to transport crude oil, they require huge initial investment and are often impeded by regulations from the government agencies.

    By Alex Chamberlin
  • uploads///stock market pic
    Company & Industry Overviews

    Enbridge Stock Fell 5.9% Due to Pipeline Delay, Downgrades

    On March 4, Enbridge (ENB) fell 5.9% due to the expected delay in its Line 3 Replacement project.

    By Rekha Khandelwal, CFA
  • uploads///ebitda trend
    Company & Industry Overviews

    Why Energy Transfer Partners’ Earnings Are on the Rise

    Energy Transfer Partners (ETP) reported adjusted EBITDA (earnings before interest, tax, depreciation, and amortization) of $1.9 billion in 4Q17.

    By Rekha Khandelwal, CFA
  • uploads///US Investment Grade Bond Fund Flows
    Macroeconomic Analysis

    Investment-Grade Bond Funds Saw Outflows for Third Week in a Row

    Investment-grade bond issuance fell to $26.275 billion last week as compared to $32.35 billion in the previous week.

    By Lynn Noah
  • uploads///eep fell  percent on jan
    Miscellaneous

    Enbridge Acquires Midcoast Energy Partners: Key Highlights

    On January 27, 2017, Midcoast Energy Partners (MEP) announced an agreement with Enbridge Energy (EECI), an indirect wholly-owned subsidiary of Enbridge (ENB).

    By Rekha Khandelwal, CFA
  • p total returnspngautocompresscformatandfitscaleandhandixlibphp
    Energy & Utilities

    Face-off: The AMLP ETF versus the MLPI ETN

    AMLP has a ~46% total return over the last four years, while MLPI has kept pace with the AMZIX, with total returns of ~76%.

    By Manas Chowgule, CFA
  • uploads///analyst recom
    Miscellaneous

    EEP on the Street: What the Analysts Are Saying

    The median target price for EEP as provided by surveyed analysts is $24, which implies a 37% price return in one year from EEP’s current price of $17.48.

    By Rekha Khandelwal, CFA
  • uploads///key transactions announced
    Company & Industry Overviews

    ETP, EEP, DM: MLP Sector Mergers Continue in Third Quarter

    There were quite a few MLP merger announcements in the third quarter.

    By Rekha Khandelwal, CFA
  • uploads///trp outperformed peers ytd
    Company & Industry Overviews

    TransCanada Has Risen 11% in 2017 in a Weaker Energy Sector

    Canadian midstream giant TransCanada (TRP) has risen 11% YTD in 2017. TransCanada’s Canadian peer Enbridge (ENB) has fallen 5% YTD.

    By Rekha Khandelwal, CFA
  • uploads///cushing
    Macroeconomic Analysis

    April Cushing Inventories Move in on Capacity

    If inventories at Cushing reach capacity, oil prices could tumble further. That would hurt oil producing companies such as Hess (HES), ExxonMobil (XOM), Chevron (CVX), and Apache (APA).

    By Keisha Bandz
  • uploads///AdobeStock_
    Energy & Utilities

    A Look into ConocoPhillips Institutional Holdings

    ConocoPhillips has fallen 0.6% YTD, underperforming the S&P 500 Index’s 25.5% gain. Subdued energy commodity prices could explain its underperformance.

    By Rabindra Samanta
  • uploads///featured image
    Earnings Report

    TC PipeLines: Uncertainty Rules the Roost

    There’s still uncertainty surrounding TC PipeLines’ (TCP) future. The company slashed its 1Q18 distributions 35%.

    By Rekha Khandelwal, CFA
  • uploads///distribution yields
    Company & Industry Overviews

    ETP, EEP, and WPZ: Are the Attractive Yields Worth the Risk?

    ETP trades at a yield of 11.6% Energy Transfer Partners (ETP) is currently trading at a distribution yield of 11.6%. ETP’s 2Q16 distribution coverage stood at 0.91x. A coverage ratio below 1 remains a matter of concern for investors. During the 2Q16 earnings call, ETP CEO Kelcy Warren said, “But it is our intention that […]

    By Rekha Khandelwal, CFA
  • uploads///US Treasuries Yield Curve
    Macroeconomic Analysis

    Analyzing the US Treasury Market Events of October 15, 2014

    In a report on the US Treasury market on October 15, 2014, the ten-year benchmark yield witnessed a 37 basis-point trading range.

    By David Ashworth
  • uploads///Analyst recommendation
    Earnings Report

    Analysts’ Recommendations for Williams Partners

    At a broader level, ~50% of analysts surveyed by Bloomberg rate Williams Partners a “buy” and the remaining ~50% rate it a “hold.”

    By Kurt Gallon
  • uploads///featured image
    Company & Industry Overviews

    TC PipeLines Has Fallen 37% Year-to-Date: What’s Ahead?

    TC PipeLines doesn’t believe the FERC’s policy change will have a material impact on its natural gas pipeline rates.

    By Rekha Khandelwal, CFA
  • uploads///cushing stock
    Energy & Utilities

    Why the long-term declining trend at Cushing may not continue

    Crude stocks at Cushing, Oklahoma increased by 716,000 barrels to 19.6 million barrels (or MMbbls) in the week ending October 10.

    By Keisha Bandz
  • uploads///PAA and WTI
    Company & Industry Overviews

    Crude Oil Prices Should Drive Plains All American’s Stock Price in 2016

    The correlation between WTI prices and Plains All American’s shares has been even higher at 0.8 since the start of 2014.

    By Rekha Khandelwal, CFA
  • uploads///distribution trend
    Company & Industry Overviews

    Behind ETP’s, EEP’s, BPL’s, and SUN’s High Yields

    After a 6.3% fall on March 15, 2018, Energy Transfer Partners (ETP) is trading at a distribution yield of ~13.6%.

    By Rekha Khandelwal, CFA
  • uploads///p
    Energy & Utilities

    TC Pipelines Was the Top Energy Loser Last Week

    On March 9–16, TC Pipelines, Enbridge Energy Partners, Dominion Energy Midstream Partners, and Spectra Energy Partners were the top energy losers.

    By Rabindra Samanta
  • uploads///price to dcf
    Energy & Utilities

    What Buckeye Partners’ Current Valuation Indicates

    On October 31, 2017, Buckeye Partners (BPL) was trading at a price-to-distributable-cash-flow multiple of 10.4x, which is significantly below the historical ten-quarter average of 13.8x.

    By Kurt Gallon
  • uploads///featured image
    Earnings Report

    Growth Projects Drove TransCanada’s Strong Q3 Results

    TransCanada reported its third-quarter results on November 1. The company reported comparable earnings of 902 million Canadian dollars.

    By Rekha Khandelwal, CFA
  • uploads///historical cushing
    Macroeconomic Analysis

    Inventory Gains at Cushing Slowed the Week Ending April 17

    Unlike 2015, inventories in 2014 consistently fell before turning upward toward the latter part of the year.

    By Keisha Bandz
  • uploads///Analyst Recommendation
    Earnings Report

    Analysts’ 2Q15 Recommendations for Energy Transfer Partners

    At a broader level, ~71.43% of analysts surveyed rate ETP a “buy” and the remaining ~28.57% rate it a “hold.” The MLP has no “sell” recommendations.

    By Kurt Gallon
  • uploads///featured image
    Earnings Report

    TransCanada Reported Strong Q4 Results, Raised Dividends 8.7%

    TransCanada (TRP) reported its fourth-quarter results on February 14. The company reported 32% growth in its comparable earnings.

    By Rekha Khandelwal, CFA
  • uploads///keystone xl pipeline project
    Company & Industry Overviews

    What Conflict Lies ahead for TransCanada’s Keystone XL Pipeline Project?

    After years of protests and roadblocks, the US State Department issued a presidential permit authorizing the Keystone XL pipeline in March 2017.

    By Rekha Khandelwal, CFA
  • uploads///liquids pipelines network
    Company & Industry Overviews

    Controversy in the Pipelines of KMI, ETP, TRP, ENB

    Pipeline projects in the US have attracted a lot of attention in recent years.

    By Rekha Khandelwal, CFA
  • uploads///SEP
    Earnings Report

    How US Tax Cuts Impacted Spectra Energy Partners’ 4Q17 Earnings

    Spectra Energy Partners reported operating revenue of -$138 million in 4Q17.

    By Kurt Gallon
  • uploads///SHighfields Q positions
    Financials

    Highfields Capital Management’s positions in 3Q14

    Highfields Capital Management LP is based in Boston. The fund was founded by Jonathon Jacobson in 1998. The fund’s US long portfolio declined slightly to $12.8 billion in the third quarter.

    By Diana Key
  • uploads///ENB segments
    Company & Industry Overviews

    Must-Know: Enbridge’s Five Business Segments

    Canadian energy giant Enbridge’s (ENB) operations are diverse. Enbridge accounts for roughly two-thirds of Canada’s crude oil exports to the US.

    By Rekha Khandelwal, CFA
  • uploads///anr
    Energy & Utilities

    Are Analysts Bullish on Williams Companies?

    About 78.0% of analysts rate Williams Companies (WMB) a “buy,” while the remaining 22.0% rate it a “hold” as of August 21, 2017.

    By Kurt Gallon
  • uploads///anr
    Energy & Utilities

    How Wall Street Analysts View Williams Companies

    Of the analysts covering Williams Companies (WMB) on September 5, 2017, 78.0% rated it as a “buy,” and the remaining 22.0% rated it as a “hold.”

    By Kurt Gallon
  • uploads///stock performance
    Company & Industry Overviews

    Enterprise Products Trades 6.5% below 50-Day Moving Average

    Enterprise Products Partners (EPD) is currently trading 6.5% below its 50-day moving average and 21% below its 200-day moving average. EPD stock has fallen 33% since the start of 2015.

    By Rekha Khandelwal, CFA
  • uploads///natural gas prices
    Macroeconomic Analysis

    Natural Gas Prices Fell Last Week: Impact on Energy MLPs

    Natural gas prices fell significantly after 2008. Since then, prices have generally remained low. This trend is expected to continue in the short term.

    By Rekha Khandelwal, CFA
  • uploads///AdobeStock_
    Energy & Utilities

    Analyzing the Upcoming Natural Gas Inventory Report

    On Thursday, the EIA will report the natural gas inventory data. For the week ended April 24, the EIA reported a rise of 70 Bcf in natural gas inventories.

    By Rabindra Samanta
  • uploads///AdobeStock_
    Energy & Utilities

    Elizabeth Warren’s $10.7 Trillion Plan Could Hit Oil Prices

    Last week, Democratic presidential candidate Elizabeth Warren proposed a $10.7 trillion plan to transform the US into “100% clean energy.”

    By Rabindra Samanta
  • uploads///analyst ratings for energy stocks
    Energy & Utilities

    Will Energy Pipeline Stocks Meet Analysts’ Ratings?

    The analyst ratings are based on rigorous analysis of fundamentals. Let’s take a look at these ratings and price targets for top energy stocks.

    By Rekha Khandelwal, CFA
  • uploads///
    Energy & Utilities

    Will Enterprise Product Partners see a major pipeline buildout?

    EPD also recently put into service the Front Range NGL pipeline from the Rockies to North Texas and the Texas Express NGL pipeline from North Texas towards the Gulf Coast.

    By Alex Chamberlin
  • uploads///energy stocks
    Company & Industry Overviews

    Energy Stocks: Operational Metrics, Valuation, Outlook

    Production volumes, production costs, and finding and development costs are key metrics to consider when analyzing energy stocks’ upstream operations.

    By Rekha Khandelwal, CFA
  • uploads///dividend stocks
    Company & Industry Overviews

    Why These Three Dividend Stocks Are a Buy Now

    Let’s take a look at three C-corp dividend stocks in the midstream sector that offer attractive total return potential, with very attractive yields.

    By Rekha Khandelwal, CFA
  • uploads///Oil and gas pipeline
    Company & Industry Overviews

    Kinder Morgan and Enbridge: Update on Pipeline Projects

    Like most of the pipeline companies, Kinder Morgan (KMI) continues to fight legal and regulatory battles to build its pipelines.

    By Rekha Khandelwal, CFA
  • uploads///institutional investors
    Company & Industry Overviews

    Institutional Activity in TC Energy and Enbridge

    Together, the top ten investors in TC Energy (TRP) bought net 5.9 million TC Energy shares in the first quarter.

    By Rekha Khandelwal, CFA
  • uploads///enbs forward pe
    Earnings Report

    Enbridge’s Valuation Compared to Peers

    Enbridge (ENB) is trading at a forward PE ratio of ~18x—lower than its five-year average PE ratio of ~22x.

    By Rekha Khandelwal, CFA
  • uploads///revenue vs est
    Earnings Report

    Will Kinder Morgan’s Revenue Rise in Q1 2019?

    Analysts expect Kinder Morgan’s (KMI) revenue to rise 8% in the first quarter compared to its previous year’s revenue.

    By Rekha Khandelwal, CFA
  • uploads///analyst recom
    Energy & Utilities

    Enbridge: 74% of the Analysts Recommend a ‘Buy’

    Around 74% of the Reuters-surveyed analysts have rated Enbridge as a “buy” or “strong buy,” while the remaining analysts rate it as a “hold.”

    By Rekha Khandelwal, CFA
  • uploads///institutional
    Company & Industry Overviews

    Enbridge’s Top Institutional Investors

    Capital International Investors is the largest institutional investor in Enbridge stock. The company holds 5.3% of Enbridge’s outstanding shares.

    By Rekha Khandelwal, CFA
  • uploads///featured image
    Company & Industry Overviews

    Enbridge: Why Income Investors Are Attracted to the Stock

    Enbridge has paid dividends for more than 64 years. Enbridge has increased its dividends for 24 consecutive years.

    By Rekha Khandelwal, CFA
  • uploads///featured image
    Company & Industry Overviews

    Trump Supports TransCanada’s Keystone XL Pipeline Again

    On March 29, President Trump issued a new presidential permit for TransCanada’s (TRP) Keystone XL pipeline project.

    By Rekha Khandelwal, CFA
  • uploads///OKE anr
    Energy & Utilities

    ONEOK and AmeriGas Partners: Target Price Revisions Last Week

    On March 1, Stifel raised its target price for ONEOK from $58 to $69. On February 27, Mizuho raised its target price from $70 to $73.

    By Rekha Khandelwal, CFA
  • uploads///featured image
    Company & Industry Overviews

    Enbridge’s Line 3 Replacement Project Gets Delayed

    On March 1, after the markets closed, Enbridge announced that it received a timeline for the permits for its Line 3 Replacement project.

    By Rekha Khandelwal, CFA
  • uploads///analysts ratings
    Energy & Utilities

    MLP and Midstream Rating Updates Last Week

    On February 19, TD Securities raised its target price for Enbridge (ENB) from 56 Canadian dollars to 57 Canadian dollars.

    By Rekha Khandelwal, CFA
  • uploads///featured image
    Company & Industry Overviews

    Pipeline Controversies: Updates on Top Projects

    With the halting of permit review for Energy Transfer’s (ET) projects by the Pennsylvania Department of Environmental Protection, pipeline controversies have once again caught midstream investors’ attention.

    By Rekha Khandelwal, CFA
  • uploads///top gainers
    Energy & Utilities

    VNOM, EEQ, OKE, LNG: Top MLP and Midstream Gains Last Week

    Royalty interest owner partnership Viper Energy Partners (VNOM) and Enbridge Energy Management (EEQ) were among the top gainers in the MLP and midstream space last week, rising 7.9% and 7.8%, respectively.

    By Rekha Khandelwal, CFA
  • uploads///Permian pipelines
    Energy & Utilities

    Midstream Operaters Are Scrambling to Build a Permian Takeaway

    Amid concerns over Permian pipeline takeaway capacity, several pipeline projects have been announced or have come online recently to accommodate rising Permian production.

    By Keisha Bandz
  • uploads///featured image
    Company & Industry Overviews

    TRP, ENB: Canadian Midstream Companies Are in the Red in 2018

    TransCanada (TRP) and Enbridge (ENB) have fallen 16% and 19%, respectively, year-to-date. Crude oil prices are up ~11% year-to-date.

    By Rekha Khandelwal, CFA
  • uploads///natural gas pipelines
    Energy & Utilities

    Existing and Planned Natural Gas Pipeline Projects

    Pipeline projects under construction that cater to Northeastern US natural gas producers include Energy Transfer Partners’ (ETP) Rover Pipeline Project.

    By Keisha Bandz
  • uploads///pipeline _
    Energy & Utilities

    WMB at 52-Week Lows: Can It Regain Upward Momentum?

    William Companies (WMB) recently saw a 52-week low of $24.10 and has lost ~17.5% since the start of 2018. WMB has recovered since then.

    By Kurt Gallon
  • uploads///midstream
    Energy & Utilities

    New Permian Pipeline Projects: Corpus Christi Key Destination

    As production in the Permian increases, pipeline capacity should become more crucial for Permian producers.

    By Keisha Bandz
  • uploads/// percent analysts rated etp as buy
    Energy & Utilities

    Analysts’ Views on High-Yield MLP Stocks

    Of analysts surveyed by Reuters, 75% rated Energy Transfer Partners (ETP) as a “buy” and the remaining 25% rated it as a “hold.”

    By Rekha Khandelwal, CFA
  • uploads///si
    Energy & Utilities

    Can Plains All American Pipeline Regain Upward Momentum?

    Plains All American Pipeline (PAA) fell below its short-term (50-day) and long-term (200d) moving averages.

    By Kurt Gallon
  • uploads///anr
    Energy & Utilities

    Last Week’s MLP Rating Updates: Must-Knows

    Global Partners (GLP), a midstream MLP involved in crude oil, refined product, and NGLs (natural gas liquids) logistics and marketing, saw two target price revisions and one ratings update last week.

    By Kurt Gallon
  • uploads///Loss
    Energy & Utilities

    Last Week’s Biggest MLP Losses

    MLPs with heavy exposure to Interstate Pipelines lost the most last week. TC PipeLines (TCP) recorded the highest losses.

    By Kurt Gallon
  • uploads///institutional ownership
    Company & Industry Overviews

    Analyzing Institutional Investor Activity in ETP, EEP, BPL, SUN

    The top ten institutional investors in Energy Transfer Partners (ETP) added 66.8 million ETP shares to their positions, according to the latest filings.

    By Rekha Khandelwal, CFA
  • uploads///short interest
    Company & Industry Overviews

    Comparing Short Interest in ETP, EEP, BPL, and SUN

    Short interest represents the number of shares of a particular stock that have been shorted but haven’t yet been closed out.

    By Rekha Khandelwal, CFA
  • uploads///debt to ebitda ratios
    Company & Industry Overviews

    ETP, EEP, BPL, and SUN: A Leverage Analysis

    Energy Transfer Partners (ETP) had a huge debt, of more than $32 billion, at the end of 2017.

    By Rekha Khandelwal, CFA
  • uploads///stock _
    Energy & Utilities

    Why TCP, EEP, and SEP Fell after FERC Tax Ruling

    MLPs had a bad Thursday after the FERC (Federal Energy Regulatory Commission) revised its income tax policy for MLPs.

    By Kurt Gallon
  • uploads///Value chain
    Company & Industry Overviews

    Who’s Protected from FERC’s Revised Income Tax Policy?

    Midstream companies such as Kinder Morgan (KMI), Targa Resource (TRGP), and ONEOK (OKE) are taxed as C-corps, so the revised policy doesn’t apply to them.

    By Kurt Gallon
  • uploads///EEP
    Company & Industry Overviews

    What’s behind Enbridge Energy Partners’ Attractive Yield?

    With a yield of 11.1%, Enbridge Energy Partners (EEP) is trading at a yield close to Buckeye Partners (BPL).

    By Rekha Khandelwal, CFA
  • uploads///short int
    Company & Industry Overviews

    How Short Interest in Tallgrass Energy Partners Changed Recently

    Short interest in Tallgrass Energy Partners (TEP) as a percentage of its float is 9.2%—higher than its short interest of 7.3% at the end of January 2018.

    By Rekha Khandelwal, CFA
  • uploads///featured image
    Energy & Utilities

    What’s Next for Tallgrass Energy Partners?

    Tallgrass Energy Partners (TEP) stock has been volatile in 2018. The stock fell steeply at the start of February.

    By Rekha Khandelwal, CFA
  • uploads///rev eps enb
    Miscellaneous

    What Could Continue to Drive ENB’s Dividends

    Enbridge (ENB) is involved in energy transportation in the United States and Canada. Revenue grew 2% in 2016, compared to 25% in 9M17.

    By Amanda Lawrence
  • uploads///psxp ebitda and distributions
    Earnings Report

    What’s behind Phillips 66 Partners’ 58% Earnings Growth in 4Q17?

    Phillips 66 Partners (PSXP) reported its 4Q17 results on February 2, 2018.

    By Rekha Khandelwal, CFA
  • uploads///sub group
    Energy & Utilities

    Which MLP Subgroup Was the Winner in 2017?

    Coal MLPs Alliance Resource Partners LP (ARLP), CNX Coal Resources (CNXC), and Foresight Energy LP (FELP) were among the worst-performing MLPs in 2017.

    By Kurt Gallon
  • uploads///performance comparison top mlp etfs
    Energy & Utilities

    EMLP Generated the Highest Total Returns among the Top MLP ETFs

    The First Trust North American Energy Infrastructure Fund (EMLP) generated total returns of 42% over a five-year period, the highest among the top five MLP ETFs that we are discussing in this series.

    By Rekha Khandelwal, CFA
  • uploads///startups
    Energy & Utilities

    Increasing Appalachian Takeaway Capacity: Can Production Keep Up?

    Takeaway capacity in Appalachia As we’ve learned so far in this series, rising natural gas production in the Appalachian region has created the need for new midstream infrastructure, including natural gas processing plants (see the previous article) and pipelines. Several new pipeline projects are being developed to increase takeaway capacities from the Marcellus and Utica supply […]

    By Keisha Bandz
  • uploads///Gains
    Energy & Utilities

    These MLPs Saw the Biggest Rises Last Week

    Upstream MLPs (master limited partnerships) EV Energy Partners (EVEP) and Legacy Reserves were among the top MLP gainers last week.

    By Kurt Gallon
  • uploads///SEP
    Earnings Report

    Spectra Energy Partners Posts Strong 3Q17 Results

    Earnings in 3Q17 In 3Q17, Spectra Energy Partners (SEP), which is mainly involved in natural gas and NGL (natural gas liquid) transportation and storage, posted strong 10.4% and 18.1% YoY revenue and EBITDA (earnings before interest, tax, depreciation, and amortization) growth, respectively. Moreover, SEP, which is now owned by Enbridge (ENB), beat its 3Q17 EBITDA estimate […]

    By Kurt Gallon
  • uploads///anr
    Energy & Utilities

    MLP Rating Updates Last Week

    EnLink Midstream LLC (ENLC), the GP (general partner) of EnLink Midstream Partners (ENLK), was raised by UBS to a “buy.”

    By Kurt Gallon
  • uploads///trps enbs earnings by segment
    Company & Industry Overviews

    Enbridge and TransCanada’s Business Segments

    With the completion of the merger with Spectra Energy in February 2017, Enbridge’s business mix has become more diversified.

    By Rekha Khandelwal, CFA
  • uploads/// Week lows and highs
    Miscellaneous

    MLPs Approach Their 52-Week Lows amid Crude Oil Price Weakness

    MLPs have seen a series of major sell-offs due to significant weakness in crude oil prices. The Alerian MLP ETF (AMLP) has fallen 7.5% since the beginning of June 2017.

    By Kurt Gallon
  • uploads///performance by subgroup
    Miscellaneous

    Which MLP Subgroups Were the Biggest Losers during May 2017?

    Marine transportation MLPs fell ~13.5% during May 2017.

    By Kurt Gallon
  • uploads///transportation segment volumes
    Company & Industry Overviews

    Analyzing the Performance of PAA’s Transportation Segment

    Plains All American Pipeline (PAA) expects its Transportation segment’s 2017 adjusted EBITDA to increase ~$174 million, or 15%, over 2016.

    By Rekha Khandelwal, CFA
  • uploads///eeps forward ev to ebitda
    Company & Industry Overviews

    Is Enbridge Energy Partners Attractively Valued?

    Enbridge Energy Partners (EEP) is currently trading at a forward EV-to-EBITDA multiple of ~10.5x—lower than its four-year-average multiple of ~12x.

    By Rekha Khandelwal, CFA
  • uploads///si as percent of float
    Company & Industry Overviews

    Short Interest in EEP—and What It Tells Us

    Short interest as a percentage of float in EEP stock is currently 2.6%. This represents a significant rise from the nearly 1.6% at the end of February 2017.

    By Rekha Khandelwal, CFA
  • uploads///institutional ownership
    Fund Managers

    EEP Holdings: How Institutional Investors Are Leaning

    Recently, the top ten institutional holders of Enbridge Energy Partners (EEP) added net 0.9 million EEP shares to their positions.

    By Rekha Khandelwal, CFA
  • uploads///eeps dcf and capex
    Company & Industry Overviews

    EEP’s Expected Distribution Cut, and What It Could Mean to Investors

    In 4Q16, EEP announced a quarterly cash distribution of $0.583 per limited partner unit, which is unchanged from its previous quarter distribution.

    By Rekha Khandelwal, CFA
  • uploads///eeps leverage
    Company & Industry Overviews

    EEP on the Books: Your Key Look at Leverage

    Enbridge Energy Partners’ (EEP) net debt-to-EBITDA ratio is 5x. While this is slightly on the higher side, the ratio remained relatively stable in 2016.

    By Rekha Khandelwal, CFA
  • uploads///liquids pipelines remaining contract life
    Company & Industry Overviews

    Understanding EEP’s Long-Term Contracts

    Enbridge Energy Partners’ (EEP) Liquids segment’s revenues are backed by low-risk long-term contracts ranging from 20 to 30 years.

    By Rekha Khandelwal, CFA
  • uploads///contract structures
    Company & Industry Overviews

    Inside EEP’s Contract Structures

    The Liquids Pipeline segment generates more than 90% of Enbridge Energy Partners’ (EEP) distributable cash flow.

    By Rekha Khandelwal, CFA
  • uploads///eeps ebitda by segment
    Company & Industry Overviews

    EEP by Segment: Charting the Top Performers

    EEP’s Liquids segment Enbridge Energy Partners (EEP) carries out its operations through two reportable segments: Liquids and Natural Gas. EEP’s Liquids segments adjusted EBITDA (earnings before interest, tax, depreciation, and amortization) for 4Q16 rose 10% over 4Q15. This EBITDA growth was mainly driven by an increase in EEP’s Lakehead system deliveries attributable to new projects […]

    By Rekha Khandelwal, CFA
  • uploads///enbridges asset base
    Company & Industry Overviews

    Enbridge Energy Partners Inside Out: Segments and Assets

    Headquartered in Texas, Enbridge Energy Partners (EEP) owns and operates a crude oil and natural gas transportation business in the United States.

    By Rekha Khandelwal, CFA
  • uploads///eep stock is down  percent ytd
    Company & Industry Overviews

    Enbridge Energy Partners Stock: A Key Glance Forward

    Enbridge Energy Partners has fallen 31% YTD, while its midstream energy peers Plains All American Pipeline and ONEOK have fallen 1% and 5%, respectively.

    By Rekha Khandelwal, CFA
  • uploads///nspc
    Earnings Report

    Understanding Energy Transfer’s Increased Fractionation Capacity

    ETP subsidiary, Lone Star NGL, announced the construction of a fifth fractionator at Mont Belvieu one day after its 4Q16 results.

    By Kurt Gallon
  • uploads///analyst recom
    Miscellaneous

    How Have Enbridge Energy Partners’ Price Targets Changed?

    The median target price for EEP is $22. EEP is currently trading at $18.28.

    By Rekha Khandelwal, CFA
  • uploads///eep fell  percent in  days
    Earnings Report

    What Lies Ahead for Enbridge Energy Partners Stock?

    EEP has fallen nearly 30% since January 27, 2017—the day it announced its guidance for 2017.

    By Rekha Khandelwal, CFA
  • uploads///eeps ebitda by segment
    Earnings Report

    EEP’s Segments in 4Q16: Which Contributed the Most to Earnings Growth?

    EEP’s Liquids segment contributed ~98% to the company’s total EBITDA in 3Q16.

    By Rekha Khandelwal, CFA
  • uploads///eeps ebitda
    Earnings Report

    Enbridge Energy Partners Is Expected to Report Higher 4Q Earnings

    Enbridge Energy Partners (EEP) is expected to report its 4Q16 earnings on February 15. Analysts expect a 5% rise in EBITDA.

    By Rekha Khandelwal, CFA
  • uploads///Midstream return
    Miscellaneous

    What’s behind EnLink Midstream’s High Implied Volatility?

    EnLink Midstream rose 48.4% in the past year ending on January 30. It has the highest implied volatility of all the midstream companies that make up AMLP.

    By Rabindra Samanta
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