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 >
EEP in the Clear
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SHARON LUI, Wells Fargo
(07/30/2010)
"On 7/26/10, EEP announced a leak on its Lakehead pipeline system in Michigan. . .We do not anticipate the spill will have a meaningful financial impact. . .We believe the partnership has ample financial liquidity (e.g. $207MM of cash on hand) to cover these incremental expenses without interruption to its distribution growth outlook. On 7/28/10, EEP announced a $682MM acquisition of gathering and processing assets (Elk City) from Atlas Pipeline (APL). Assuming strip pricing and current run-rate volumes on the system, we forecast EEP is paying a rich multiple of 11-12x for the assets. However, we anticipate volumes/returns could improve over time (e.g. 2011E multiple of 8-9x) as EEP integrates the acquired assets into its Anadarko system. We are raising our 2011 DCF per unit estimate to $4.72 from $4.67 previously. We are maintaining our Market Perform ratings on EEP and EEQ as risk/reward appears balanced." |
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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 >
"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 >