We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Energy Transfer Forms a JV to Set Up Ethane Export Facility
Read MoreHide Full Article
Energy Transfer Partners, L.P. is set to team up with Satellite Petrochemical USA Corporation for the construction of ethane export facility on the U.S. Gulf Coast. The joint venture (JV) will be named ‘Orbit Gulf Coast NGL Exports’ and aid in the supply of ethane to Satellite Petrochemical for its cracking facilities in Jiangsu province. The new facility will construct a refrigerated ethane tank with storage capacity of 800,000 barrels and 175,000 barrel per day ethane refrigeration facility.
The JV will also work toward the construction of a 20-inch ethane pipeline that will originate from Energy Transfer Partner's Mont Belvieu Fractionators and will make deliveries to the export terminal and other domestic markets in the region. Per the agreement, Energy Transfer Partners will also provide necessary storage and marketing facilities to Satellite Petrochemical. Additionally, Satellite will receive 150,000 barrels per day of ethane under a long term demand-based contract.
Energy Transfer Partners will act as the chief operator of the JV. The export terminal is anticipated to become functional by the fourth quarter of 2020.
Zacks Rank and Key Picks
Energy Transfer Partners is one of the largest master limited partnerships, having one of the most diversified portfolios of energy assets in the United States. The partnership is present in all the major production basins in the United States. It is headquartered in Dallas, TX. Energy Transfer Partners has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank stocks here.
A few better-ranked players in the energy space include Concho Resources Inc. , Pioneer Natural Resources Company (RXD - Free Report) and Continental Resources, Inc. , each sporting a Zacks Rank #1 (Strong Buy).
Concho Resources topped earnings estimates in each of the last four quarters, with an average of 48.89%.
Pioneer Natural surpassed earnings estimates in each of the trailing four quarters, with an average of 66.92%.
Continental Resources delivered an average positive earnings surprise of 64.93% in the preceding four quarters.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
Image: Bigstock
Energy Transfer Forms a JV to Set Up Ethane Export Facility
Energy Transfer Partners, L.P. is set to team up with Satellite Petrochemical USA Corporation for the construction of ethane export facility on the U.S. Gulf Coast. The joint venture (JV) will be named ‘Orbit Gulf Coast NGL Exports’ and aid in the supply of ethane to Satellite Petrochemical for its cracking facilities in Jiangsu province. The new facility will construct a refrigerated ethane tank with storage capacity of 800,000 barrels and 175,000 barrel per day ethane refrigeration facility.
The JV will also work toward the construction of a 20-inch ethane pipeline that will originate from Energy Transfer Partner's Mont Belvieu Fractionators and will make deliveries to the export terminal and other domestic markets in the region. Per the agreement, Energy Transfer Partners will also provide necessary storage and marketing facilities to Satellite Petrochemical. Additionally, Satellite will receive 150,000 barrels per day of ethane under a long term demand-based contract.
Energy Transfer Partners will act as the chief operator of the JV. The export terminal is anticipated to become functional by the fourth quarter of 2020.
Zacks Rank and Key Picks
Energy Transfer Partners is one of the largest master limited partnerships, having one of the most diversified portfolios of energy assets in the United States. The partnership is present in all the major production basins in the United States. It is headquartered in Dallas, TX. Energy Transfer Partners has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank stocks here.
Energy Transfer Partners, L.P. Price
Energy Transfer Partners, L.P. Price | Energy Transfer Partners, L.P. Quote
A few better-ranked players in the energy space include Concho Resources Inc. , Pioneer Natural Resources Company (RXD - Free Report) and Continental Resources, Inc. , each sporting a Zacks Rank #1 (Strong Buy).
Concho Resources topped earnings estimates in each of the last four quarters, with an average of 48.89%.
Pioneer Natural surpassed earnings estimates in each of the trailing four quarters, with an average of 66.92%.
Continental Resources delivered an average positive earnings surprise of 64.93% in the preceding four quarters.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>