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Shell Midstream Holds Open Season for Zydeco's Added Capacity
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Shell Midstream Partners, L.P. owned Zydeco Pipeline Company LLC recently announced the commencement of a binding open season for firm capacity transshipment service on its crude oil pipeline. Shell Pipeline Company LP partners the pipeline project. The open season of the pipeline, which was earlier known as the Houston-to-Houma or Ho-Ho pipeline, will be concluded on Sep 28.
The 350-mile pipeline extends from the terminals in Houston and Nederland, TX to St. James and Clovelly, LA. The significance of the pipeline is that it offers top-notch connectivity as well as delivery locations along the Gulf Coast. The connectivity offered by the pipeline is expected to meet the demands of the shippers, transporting oil from the Bakken Shale and Eagle Ford to the refiners in Louisiana. Most importantly, the pipeline connects the producers in the Permian Basin — who are currently suffering from a lack of takeaway capacity — with the refineries, as well as provides them with a cost-effective shipping solution.
The additional shipping capacity offered by the pipeline is 201,000 barrels per day (BPD). From Dec 26, 2018, 151,000 BPD capacity will be accessible and the rest 50,000 BPD will be available from May 8, 2019.
The Zydeco has a mainline capacity of 375 BPD. It significantly boosted second-quarter earnings of Shell Midstream, which is a subsidiary of Royal Dutch Shell plc .
Price Performance
Houston, TX-based Shell Midstream has lost 11.9% in the past year against 6.5% growth of its industry.
Calgary, Canada-based Canadian Natural Resources is an upstream energy company. The company’s top line for 2018 is anticipated to improve 41.3% year over year, while its bottom line is expected to increase more than 200%.
Houston, TX-based ConocoPhillips is an integrated energy company. The company’s top line for 2018 is likely to improve 14.1% year over year. In the last four reported quarters, the company delivered an average positive earnings surprise of 27.6%.
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With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
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Shell Midstream Holds Open Season for Zydeco's Added Capacity
Shell Midstream Partners, L.P. owned Zydeco Pipeline Company LLC recently announced the commencement of a binding open season for firm capacity transshipment service on its crude oil pipeline. Shell Pipeline Company LP partners the pipeline project. The open season of the pipeline, which was earlier known as the Houston-to-Houma or Ho-Ho pipeline, will be concluded on Sep 28.
The 350-mile pipeline extends from the terminals in Houston and Nederland, TX to St. James and Clovelly, LA. The significance of the pipeline is that it offers top-notch connectivity as well as delivery locations along the Gulf Coast. The connectivity offered by the pipeline is expected to meet the demands of the shippers, transporting oil from the Bakken Shale and Eagle Ford to the refiners in Louisiana. Most importantly, the pipeline connects the producers in the Permian Basin — who are currently suffering from a lack of takeaway capacity — with the refineries, as well as provides them with a cost-effective shipping solution.
The additional shipping capacity offered by the pipeline is 201,000 barrels per day (BPD). From Dec 26, 2018, 151,000 BPD capacity will be accessible and the rest 50,000 BPD will be available from May 8, 2019.
The Zydeco has a mainline capacity of 375 BPD. It significantly boosted second-quarter earnings of Shell Midstream, which is a subsidiary of Royal Dutch Shell plc .
Price Performance
Houston, TX-based Shell Midstream has lost 11.9% in the past year against 6.5% growth of its industry.
Zacks Rank and Stocks to Consider
Currently, Shell Midstream has a Zacks Rank #3 (Hold). Investors interested in the Energy sector can opt for some better-ranked stocks like Canadian Natural Resources Limited (CNQ - Free Report) and ConocoPhillips (COP - Free Report) , each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Calgary, Canada-based Canadian Natural Resources is an upstream energy company. The company’s top line for 2018 is anticipated to improve 41.3% year over year, while its bottom line is expected to increase more than 200%.
Houston, TX-based ConocoPhillips is an integrated energy company. The company’s top line for 2018 is likely to improve 14.1% year over year. In the last four reported quarters, the company delivered an average positive earnings surprise of 27.6%.
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 >>