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A U.S. appeals court overturned a District Court's preliminary injunction that prevented construction on part of Energy Transfer Partners LP's Bayou Bridge crude oil pipeline in the Atchafalaya Basin of Louisiana. In February U.S. district judge Shelly Dick issued a temporary injunction preventing work on an extension to the Bayou Bridge system, revoking a permit and siding with environmentalists and fishermen who expressed concerns about its potential effect on the local economy and wildlife.
Fortunately, the Fifth Circuit heard the case on an expedited basis on March 13, 2018, and issued its decision staying the preliminary injunction two days later. That prompt action did not allow Judge Dick’s preliminary injunction to stand a second longer than necessary.
Pennsylvania environmental regulators on Friday issued another notice of violation to Energy Transfer Partners LP's Sunoco Mariner East 2 natural gas liquids pipeline for releasing drilling fluids into a stream. The company told the Pennsylvania Department of Environmental Protection (DEP) it released about 50 gallons of fluid into the Snitz Creek on Thursday while drilling under the steam in West Cornwall Township in Lebanon County, about 30 miles east of the state capital Harrisburg. It was ETP's third inadvertent release into the Snitz Creek, following spills in August and September 2017.
Environmental regulators in West Virginia ordered Energy Transfer Partners LP to again halt work on its Rover natural gas pipeline in the state due to permit violations. Rover is the biggest gas pipe under construction in the United States. It is designed to carry up to 3.25 billion cubic feet per day (bcfd) of gas from the Marcellus and Utica shale fields in Pennsylvania, Ohio and West Virginia to the U.S. Midwest and Canada's Ontario province.
In its 2018 Analyst Conference presentation, Enterprise Products Partners (EPD) discussed the correlation of its stock price with distribution growth. According to the company, the correlation coefficient between EPD’s stock price and distribution growth was 0.93 from January 2010 to August 2014. It fell to just 0.32 in the TTM (trailing-12-month) period. The correlations of Enterprise Products’ stock price with its distribution growth over the 2010–2014 and TTM periods are shown in the graphs above.
Environmental regulators in West Virginia ordered Energy Transfer Partners LP to again halt work on its Rover natural gas pipeline.
The distribution growth prospects for the four selected general partners—Energy Transfer Equity (ETE), Williams Companies (WMB), Plains GP Holdings (PAGP), and Western Gas Equity Partners (WGP)—depend on their distributable cash flow and the distribution growth at their subsidiaries. The distributable cash flow growth depends on expansion opportunities. Energy Transfer Partners (ETP) expects its capital expenditure to decline in 2018 compared to 2017.
Ferrellgas Partners (FGP) stock has fallen 38% over the last year. In comparison, Suburban Propane Partners (SPH) has fallen 4%, Star Group (SGU) has risen 3%, and AmeriGas Partners (APU) has fallen 9% in the same period. Ferrellgas Partners has fallen 15% year-to-date.
RLI, Energy Transfer Equity, and Duke Energy have one big thing in common. They are on my list of the best dividend stocks which have generously contributed to my portfolioRead More...
On March 8, 2018, Ferrellgas Partners (FGP) reported its fiscal 2Q18 results. The margins, however, were slightly lower due to aggressive competition to win customers. Ferrellgas Partners’ distributable cash flow for fiscal 2Q18 rose to $79.2 million from $68.9 million in the year-ago quarter.
Executives from some of the largest North American pipeline firms acknowledged they were too slow too respond to a surge in environmental activism.