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MarkWest Energy Partners, L.P. Message Board

  • Any thoughts on EQM? Was going to purchase when it went public, but yhe older infrastructuer scared me away. Looks like that may have been a mistake. I'll be watching CNX as an MLP of their midstream side of the business is a real possibility management is looking in to to enhance shareholder value.

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    • Bit more data on why EQM has moved up:

      In a complex deal submitted to regulators last year, Marcellus driller and midstream company EQT Corp. and gas utility company Peoples Natural Gas want to do a swap. EQT proposes to trade/sell its natural gas utility division, called Equitable Gas, to Peoples, and in return EQT would get not only $720 million but also gas pipelines and storage facilities—called the Allegheny Valley Connector—from Peoples.

    • I kind of looked at it but nothing jumped out at me as being a chance to on GEL instead. Keeping a few bucks in reserve in case the Phillips 66 midstream LP coming to market this year looks good to me. Currently going through registration etc as PSXP. Also, am somewhat amazed at APL buying the TEAK midstream assets in about a transforming acquisition....

    • I have not followed but the reports by CITI and others all suggest it a buy mostly because of strong operations from the GP. Most price target in the $5-$48 area.

49.1996+0.5596(+1.15%)2:29 PMEDT