|Expense Ratio (net)||N/A|
|Last Cap Gain||N/A|
|Morningstar Risk Rating||N/A|
|Beta (5Y Monthly)||N/A|
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NuStar had suspended PDVSA several times since 2017 from using its St. Eustatius facility over millions of dollars in missed payments.
As of July 11, 78.0% of the analysts rate Energy Transfer Equity (ETE) as a “buy,” while 22.0% rate it as a “hold.” Bank of America upgraded Energy Transfer Equity to “buy” from “neutral,” which is equivalent to “hold.”
Seadrill Partners (SDLP), an MLP formed by Seadrill Limited (SDRL) to own, operate, and acquire offshore drilling rigs, was the top MLP gainer in the week ending July 6. Seadrill Partners rallied 12.1%. Last week, the gains could be attributed to a favorable court ruling and a new contract.
NuStar GP Holdings (NSH) and NuStar Energy (NS) were the biggest MLP losses in the week ending June 29. They fell 10.5% and 9.2%, respectively. Last week, the decline in the NuStar duo could be attributed to the recent preferred and common unit issuances. The issuances are expected to be dilutive to the existing common unitholders. The partnership expects to use $566.8 million of the net proceeds from the issuance to repay debt and funding its growth capex.
Investors are always looking for growth in small-cap stocks like NuStar GP Holdings LLC (NYSE:NSH), with a market cap of US$564.83m. However, an important fact which most ignore is: howRead More...
Sprague Resources (SRLP), an MLP involved mainly in natural gas distribution in the US Northeast and Mid-Atlantic regions, was the top MLP loss in the week ending June 15. Sprague Resources fell 8.9% last week. Sprague Resources’ decline could be attributed to the explosion at TransCanada’s (TRP) 1.3 billion cubic feet per day Leach XPress pipeline on June 7. The pipeline operator declared a force majeure. The shutdown is expected to impact natural gas supplies from the Northeast region.
Raymond James last reduced ETE’s target price to $19 from $20. Before this, Mizuho lowered the GP’s target price to $20 from $21. ETE continues to trade below the low range ($17) of analysts’ target price.
NEW YORK, NY / ACCESSWIRE / April 26, 2018 / NuStar GP Holdings, LLC (NYSE: NSH ) will be discussing their earnings results in their Q1 Earnings Call to be held on April 26, 2018 at 11:00 AM Eastern Time. ...
About 72.0% of analysts surveyed by Reuters rated Energy Transfer Equity (ETE) as a “buy” on April 20, while the remaining 28.0% rated it as a “hold.” The MLP GP hasn’t seen any rating updates since the start of this year.
NuStar GP Holdings LLC (NYSE:NSH), an energy company based in United States, received a lot of attention from a substantial price movement on the NYSE over the last few months,Read More...
The energy industry is highly dependent on commodity prices, making its profits and cash flows sensitive to the economic cycle. However, as oil rebounded from its multi-year lows, certain energyRead More...
MLPs: Are Investors Missing Out on Their Attractive Yields? In February 2018, NuStar Energy (NS) announced a 45% distribution cut, effective in 1Q18. It also announced a merger with NuStar GP Holdings (NSH).
Given the energy industry’s dependence on commodity prices, the sector tends to be cyclical and profitability can be highly variable. However, after the 50% plunge in oil prices in 2014,Read More...
Encana (ECA) delivers better than expected Q4 results on the back of higher realized prices and production growth from its core assets: Permian, Montney, Eagle Ford and Duvernay.
Williams Companies (WMB) delivers higher year-over-year earnings on favorable changes in the income tax provision along with absence of impairment charges related with equity method investments.
NuStar (NS) delivers weaker-than-expected earnings in Q4 primarily due to lower contribution from its Pipeline segment, amid high operating costs.