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 Holds Binding Open Season for New Pipeline
Read MoreHide Full Article
Energy Transfer Partners, L.P. recently announced the initiation of a binding open season for its diesel fuel pipeline, connecting Hebert and Midland in Texas. The partnership will run the open season process to gauge the demand for the pipeline through its subsidiary.
Open Season Details
The open season that starts on Apr 13 will continue for two months, concluding on Jun 12. Potential shippers are expected to make volume commitments for the pipeline during this period, which will provide transportation service from the partnership's existing Sunoco Pipeline L.P. assets located in Hebert to Midland, where a recently built terminal will receive the shipment.
The initial capacity of the pipeline, to be constructed by the Dallas, TX-based partnership, is expected to be 30,000 barrels per day. Energy Transfer expects the pipeline to come online by the third quarter of 2020.
ETP’s Other Projects Targeting 2020
Energy Transfer, which enjoys a fee-based revenue system, has several other projects lined up as well to come into service in 2020. The partnership recently formed a joint venture with Satellite Petrochemical USA Corporation for the construction of ethane export facility on the U.S. Gulf Coast. The export terminal is anticipated to become functional by the fourth quarter of 2020. Moreover, last month Energy Transfer signed a memorandum of understanding with NOVA Chemicals Corporation to build an ethylene export terminal on the U.S. Gulf Coast, which is expected to come online by mid-2020.
Price Performance
Energy Transfer has lost 28.3% in the past year, wider than 23% decline of its industry.
Hong Kong-based CNOOC is an integrated energy company. Its revenues for 2018 are anticipated to improve 51.3% year over year, while its bottom line is expected to increase 80.8%.
Houston, TX-based Oasis Midstream is an integrated energy partnership. Its revenues for 2018 are anticipated to improve 29.3% from the prior-year quarter, while its bottom line is expected to increase 337.2%.
Oklahoma City, OK-based Continental Resources is an oil and gas exploration and production company. Its revenues for first-quarter 2018 are estimated to soar 55.7% from the year-ago quarter’s figure. For 2018, the bottom line is likely to be up 370.6%.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
Image: Bigstock
Energy Transfer Holds Binding Open Season for New Pipeline
Energy Transfer Partners, L.P. recently announced the initiation of a binding open season for its diesel fuel pipeline, connecting Hebert and Midland in Texas. The partnership will run the open season process to gauge the demand for the pipeline through its subsidiary.
Open Season Details
The open season that starts on Apr 13 will continue for two months, concluding on Jun 12. Potential shippers are expected to make volume commitments for the pipeline during this period, which will provide transportation service from the partnership's existing Sunoco Pipeline L.P. assets located in Hebert to Midland, where a recently built terminal will receive the shipment.
The initial capacity of the pipeline, to be constructed by the Dallas, TX-based partnership, is expected to be 30,000 barrels per day. Energy Transfer expects the pipeline to come online by the third quarter of 2020.
ETP’s Other Projects Targeting 2020
Energy Transfer, which enjoys a fee-based revenue system, has several other projects lined up as well to come into service in 2020. The partnership recently formed a joint venture with Satellite Petrochemical USA Corporation for the construction of ethane export facility on the U.S. Gulf Coast. The export terminal is anticipated to become functional by the fourth quarter of 2020. Moreover, last month Energy Transfer signed a memorandum of understanding with NOVA Chemicals Corporation to build an ethylene export terminal on the U.S. Gulf Coast, which is expected to come online by mid-2020.
Price Performance
Energy Transfer has lost 28.3% in the past year, wider than 23% decline of its industry.
Zacks Rank and Stocks to Consider
The partnership carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the oil and energy sector are CNOOC Limited (CEO - Free Report) , Oasis Midstream Partners LP and Continental Resources, Inc. , each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Hong Kong-based CNOOC is an integrated energy company. Its revenues for 2018 are anticipated to improve 51.3% year over year, while its bottom line is expected to increase 80.8%.
Houston, TX-based Oasis Midstream is an integrated energy partnership. Its revenues for 2018 are anticipated to improve 29.3% from the prior-year quarter, while its bottom line is expected to increase 337.2%.
Oklahoma City, OK-based Continental Resources is an oil and gas exploration and production company. Its revenues for first-quarter 2018 are estimated to soar 55.7% from the year-ago quarter’s figure. For 2018, the bottom line is likely to be up 370.6%.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker Free >>