The Energy Report
Notable Quotes
"With the LOI signed, we urge investors to bolster positions in FCU." (12/22/15) Fission Uranium Corp. - David Sadowski, Raymond James More >
"FCU is taking the right steps regardless of whether PLS is ultimately acquired or developed into a mine." (12/22/15) Fission Uranium Corp. - Heiko Ihle, Rodman & Renshaw More >
"I am quite excited about POE in 2016." (12/16/15) Pan Orient Energy Corp. - Chen Lin, What Is Chen Buying? What Is Chen Selling? More >
"BKX's Oklahoma asset has significant value." (12/16/15) BNK Petroleum Inc. - Michael Charlton, iA Securities More >
"EFR is one of the few companies in a position to write long-term sales contracts and deliver into them at several times its current production rate." (12/17/15) Energy Fuels Inc. - The Gold Report Interview with Eric Coffin More >
UBS Raises Target on ETP
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RONALD BARONE, UBS
(08/09/2010)
"After excluding non-cash items, ETP achieved adjusted Q2 EBITDA of $336MM vs. the UBS estimate of $366MM. Other than the Intrastate T&S results, segment EBITDA was largely in line with our expectations. Basis differentials point to stronger H210 . . .We believe the current basis spread environment is a material improvement as compared to earlier in the year (current Katy to Waha spread of ~$0.20/mmbtu vs. $0.10/mmbtu or less for the first five months of the year). We believe this favorable spread will drive stronger volumes and improved H210 results. Valuation: Raising Price Targets, Reiterate Ratings Rolling our DDM calculation forward moves our PT to $50.50 (from $48) for ETP and $34.50 (from $32.50) for ETE. We rate ETP Buy and ETE Neutral. We believe investors overreacted to results (ETP down ~5%) presenting an good buying opportunity." |
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Under SEC rules, analysts are required to disclose their interest in securities that they cover. We strongly encourage you to contact them to understand any potential conflicts of interest they may have.
More Experts
"FCU's deal with CGN helps to financially and technically derisk PLS." (12/21/15) Fission Uranium Corp. - David Talbot, More >
"NXE is our top pick across all commodities." (12/22/15) NexGen Energy Ltd. - The Energy Report Interview with Rob Chang More >
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