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.
Enable Midstream to Build New Pipeline, Facilitate Gas Export
Read MoreHide Full Article
Enable Midstream Partners, LP recently announced its intention to build a 165-mile interstate natural gas shipment project, namely the Gulf Run Pipeline. The partnership’s wholly-owned unit, Enable Gulf Run Transmission, LLC will develop the pipeline, which will bring in gas supplies to the flourishing export markets in the Gulf Coast.
Notably, the project has already received support from an unnamed shipper, with a 20-year agreement of 1.1 billion cubic feet per day of transportation capacity. The partnership has commenced a non-binding open season for the pipeline to garner additional shipping interests. The open season will close on Oct 26.
The pipeline project will enhance and diversify the partnership’s transportation footprint by making use of its existing shipping infrastructures like Enable Gas Transmission. The large-diameter pipeline will run from northern Louisiana to the U.S. Gulf Coast. It will collect gas from the prolific Mid-Continent region and Barnett, Haynesville, Marcellus and Utica shale plays. The partnership expects the project to come online in 2022.
With domestic prices remaining constrained on the back of abundant supplies, there is a big opportunity in selling U.S. natural gas production at higher prices overseas. Currently, natural gas price in the country is hovering around $3 per one million British Thermal Unit (MMBtu). The situation has led to a surge in natural gas exports from the United States to the growing economies, especially in Asia. Pipelines like Enable Gulf Run Transmission are expected to facilitate the exports.
Price Performance
Oklahoma City, OK-based Enable Midstream is a subsidiary of CenterPoint Energy, Inc. (CNP - Free Report) , a public utility holding company. Enable Midstream has gained 5.4% in the past year against the 0.4% collective decline of its industry.
Zacks Rank & Stocks to Consider
Currently, Enable Midstream has a Zacks Rank #3 (Hold). Investors interested in the Oil and Gas sector can opt for some better-ranked stocks like Petroleo Brasileiro S.A. or Petrobras (PBR - Free Report) and RGC Resources Inc. (RGCO - Free Report) . While Petrobras sports a Zacks Rank #1 (Strong Buy), RGC Resources has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Rio de Janeiro, Brazil-based Petrobras is an integrated energy company. The company’s top line for 2018 is likely to improve 7.5% year over year. In the last four reported quarters, it delivered an average positive earnings surprise of 10.4%.
Roanoke, VA-based RGC Resources’ full-year earnings are expected to grow 5.8%. In the last reported quarter, the company delivered an earnings surprise of 40%.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Image: Bigstock
Enable Midstream to Build New Pipeline, Facilitate Gas Export
Enable Midstream Partners, LP recently announced its intention to build a 165-mile interstate natural gas shipment project, namely the Gulf Run Pipeline. The partnership’s wholly-owned unit, Enable Gulf Run Transmission, LLC will develop the pipeline, which will bring in gas supplies to the flourishing export markets in the Gulf Coast.
Notably, the project has already received support from an unnamed shipper, with a 20-year agreement of 1.1 billion cubic feet per day of transportation capacity. The partnership has commenced a non-binding open season for the pipeline to garner additional shipping interests. The open season will close on Oct 26.
The pipeline project will enhance and diversify the partnership’s transportation footprint by making use of its existing shipping infrastructures like Enable Gas Transmission. The large-diameter pipeline will run from northern Louisiana to the U.S. Gulf Coast. It will collect gas from the prolific Mid-Continent region and Barnett, Haynesville, Marcellus and Utica shale plays. The partnership expects the project to come online in 2022.
With domestic prices remaining constrained on the back of abundant supplies, there is a big opportunity in selling U.S. natural gas production at higher prices overseas. Currently, natural gas price in the country is hovering around $3 per one million British Thermal Unit (MMBtu). The situation has led to a surge in natural gas exports from the United States to the growing economies, especially in Asia. Pipelines like Enable Gulf Run Transmission are expected to facilitate the exports.
Price Performance
Oklahoma City, OK-based Enable Midstream is a subsidiary of CenterPoint Energy, Inc. (CNP - Free Report) , a public utility holding company. Enable Midstream has gained 5.4% in the past year against the 0.4% collective decline of its industry.
Zacks Rank & Stocks to Consider
Currently, Enable Midstream has a Zacks Rank #3 (Hold). Investors interested in the Oil and Gas sector can opt for some better-ranked stocks like Petroleo Brasileiro S.A. or Petrobras (PBR - Free Report) and RGC Resources Inc. (RGCO - Free Report) . While Petrobras sports a Zacks Rank #1 (Strong Buy), RGC Resources has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Rio de Janeiro, Brazil-based Petrobras is an integrated energy company. The company’s top line for 2018 is likely to improve 7.5% year over year. In the last four reported quarters, it delivered an average positive earnings surprise of 10.4%.
Roanoke, VA-based RGC Resources’ full-year earnings are expected to grow 5.8%. In the last reported quarter, the company delivered an earnings surprise of 40%.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>