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 >
Madison Williams Raises Target on ETP
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MARK REICHMAN, Madison Williams and Company
(08/10/2010)
"Energy Transfer Partners reported a Q2 loss of $0.26, vs. $0.38 during the prior-year period and our estimate of $0.38. The average estimate was $0.29. Q2 EBITDA increased 25%, to $335.6M, compared with $268.2M in the prior-year period, while net income fell 71.6%, to $42.8M, compared with $150.7M in the 2009 quarter, due to a $52.6M non-cash charge related to the transfer of an interest in the Midcontinent Express Pipeline in exchange for the redemption of 12.3M ETP units held by the general partner. We are lowering our 2010 earnings and distributable cash flow-per-unit estimates to $1.81 and $3.65 from $2.75 and $3.84, respectively. Our 2011 estimates remain unchanged. We are maintaining our Buy rating and increasing our 12-month price target to $53 from $50 to reflect changes in relative partnership and peer-group valuations." |
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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 >
"FCU will continue to explore and add pounds to what is already a world-class project." (12/22/15) Fission Uranium Corp. - The Energy Report Interview with Rob Chang More >
"EFR is well positioned to benefit from higher uranium prices." (12/22/15) Energy Fuels Inc. - The Energy Report Interview with Rob Chang More >
"FCU intends to sell $82M or 19.9% of the company to CGN Mining." (12/22/15) Fission Uranium Corp. - Jeb Handwerger, Gold Stock Trades More >