Back to top

The Zacks Analyst Blog Highlights: Enterprise Products Partners L.P., Genesis Energy L.P., Anadarko Petroleum, ExxonMobil and Petroleo Brasileiro

Read MoreHide Full Article

For Immediate Release

Chicago, IL – January 9, 2012 – announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Enterprise Products Partners L.P. (EPD - Free Report) , Genesis Energy L.P. (GEL - Free Report) , Anadarko Petroleum Corporation (APC - Free Report) , ExxonMobil Corp. (XOM - Free Report) and Petroleo Brasileiro (PBR - Free Report) .

Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter:

Here are highlights from Friday’s Analyst Blog:

Enterprise, Genesis Pipeline Plan

Enterprise Products Partners L.P. (EPD - Free Report) and Genesis Energy L.P. (GEL - Free Report) have inked a construction agreement for a crude oil gathering pipeline to serve the Lucius development area in the Gulf of Mexico.

Southeast Keathley Canyon Pipeline Company LLC (“SEKCO”) - a 50:50 joint venture between Enterprise and Genesis, will be the owner and responsible for the construction.

Enterprise and Genesis have executed the crude oil transportation agreement with a group of six producer companies, including Anadarko Petroleum Corporation (APC - Free Report) , ExxonMobil Corp. (XOM - Free Report) and Petroleo Brasileiro (PBR - Free Report) .

The 149-mile SEKCO pipeline, capable of carrying 115,000 barrels per day (bpd), will link the Lucius-truss spar floating production platform to an existing junction platform at South Marsh Island 205 that forms part of the Enterprise-operated Poseidon pipeline system.

The SEKCO pipeline is expected to come online by mid-2014. It will also provide a reliable source of uninterrupted crude oil supplies to Gulf Coast refineries. The Lucius production area is estimated to contain reserves in excess of 300 million barrels of oil equivalent.

Enterprise with a 36% stake is the operator of the Poseidon pipeline system, which has a capacity to carry around 400,000 barrels per day of crude oil.

We continue to view Enterprise Products Partners as a core holding in an MLP portfolio, given its string of organic growth projects, potential acquisitions, strong balance sheet and solid liquidity position. The partnership is one of the largest fully integrated midstream service providers with a positive long-term outlook given its significant geographic and business diversity.

Enterprise holds a Zacks #3 Rank, which is equivalent to a Hold rating for a period of one to three months. We maintain an Outperform rating on the stock for the long term.

Want more from Zacks Equity Research? Subscribe to the free Profit from the Pros newsletter:

About Zacks Equity Research

Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.

Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.

Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today:

About Zacks is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leon Zacks. As a PhD from MIT Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros at

Visit for information about the performance numbers displayed in this press release.

Follow us on Twitter:

Join us on Facebook:

Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.

Media Contact
Zacks Investment Research
800-767-3771 ext. 9339

More from Zacks Press Releases

You May Like