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 >
J.P. Morgan Raises Target on ETP
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XIN LIU, J.P. Morgan
(08/20/2010)
"ETP reported Q210 DPU of $0.55, above our estimated $0.44. Better-than-expected results from the Intrastate Transportation segment drove the beat. . .We establish ETP's December 2011 price target at $48 (replacing our December 2010 PT of $45). Intrastate volumes should benefit from wider differentials in Q310; hedged 100% of fuel retention volumes. Adjusted segment EBITDA of $180MM was ahead of our estimated $155MM on better-than-expected volumes. Ramping up operations in multiple shale plays—ETP earlier announced the 645 mmcf/d East Texas pipeline project in the Haynesville shale [and] expects full service by Q410 (partial service by Q310). The company also plans a 50-mile, 350 mmcf/d pipeline in the Eagle Ford shale and forecasts volumes ramping up in 2011. In the Marcellus shale, ETP expects to commence operations on its $35MM gathering project in West Virginia by Q310. ETP estimates volumes to ramp up to 100 mmcf/d on the system by Q111." |
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More Experts
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