26.85 0.00 (0.00%)
After hours: 7:59PM EDT
|Bid||0.00 x 2200|
|Ask||0.00 x 1400|
|Day's Range||26.31 - 27.31|
|52 Week Range||18.38 - 27.70|
|PE Ratio (TTM)||40.68|
|Earnings Date||Aug 6, 2018 - Aug 10, 2018|
|Forward Dividend & Yield||1.20 (4.49%)|
|1y Target Est||27.08|
CALGARY and TULSA, OK , Aug. 14, 2018 /CNW/ - Plains Midstream Canada ULC (PMC), a subsidiary of Plains All American Pipeline, L.P. (PAA), and SemCAMS ULC (SemCAMS), a subsidiary of SemGroup Corporation (SEMG), today announced that they have received sufficient customer interest to conduct an open season and are soliciting further producer engagement for a new Montney to Market liquids pipeline to service production from the Wapiti and potentially the Pipestone area in West Central Alberta to PMC's terminal infrastructure in Edmonton and Fort Saskatchewan , AB. The proposed project includes a combination of existing pipelines and new pipelines and will have an initial capacity of approximately 100,000 barrels per day, expandable to more than 200,000 barrels per day. The system will be designed to transport natural gas liquids, condensate and light crude oil from field locations to the Edmonton and Fort Saskatchewan market hubs.
Magellan Midstream Partners (MMP), one of the largest US transporters of refined products, posted a 4.5% YoY rise in EBITDA in the second quarter. MMP saw an 8.3% rise in EBITDA in the first six months of 2018 compared to the same period last year, implying a slowdown in earnings growth in the remaining two quarters of the year. Magellan Midstream Partners’ second-quarter earnings growth was driven by the strong performance of its Crude Oil segment resulting from higher Permian volumes and expansion projects placed into service.
MLPs’ strong earnings growth continued in the second quarter after a solid first quarter. Of the top 15 limited partnerships by market cap, 13 reported YoY (year-over-year) rises in their quarterly revenues and earnings. Cheniere Energy Partners (CQP) reported the highest YoY EBITDA growth among the MLPs under review. Fourteen of the top 15 MLPs are constituents of the Alerian MLP ETF (AMLP).
NEW YORK, Aug. 13, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Aaron's, ...
U.S. President Donald Trump's proposal to double tariffs on steel and aluminum from Turkey could push up costs even further for domestic oil and gas pipeline projects, as energy executives said they were already struggling from earlier tariff rises. There are more than a dozen U.S. energy pipelines on the drawing board, some of which are still seeking financing. Turkey delivers just 4 percent of steel mill imports, valued about $1.18 billion last year, according to the U.S. Department of Commerce.
Four expert panels will bring latest intel to the 2018 EnerCom conference DENVER , Aug. 9, 2018 /PRNewswire/ -- The 23 rd annual EnerCom conference will deliver the best of the industry to the Denver Downtown ...
Plains All American Pipeline LP said two West Texas crude pipeline projects would begin partial operations slightly ahead of their original schedules as bottlenecks in the region depress prices to the weakest level in four years. One of the two, the Sunrise expansion project, is expected to go into partial service in the fourth quarter this year while the Cactus II line will begin partial service in the third quarter of 2019, the company said on a conference call late on Tuesday. The Sunrise extension will add about 500,000 bpd of capacity from Midland to Colorado City and Wichita Falls, Texas, and provide connections to the oil-storage hub of Cushing, Oklahoma.
The oil pipeline company said that 2018 is turning out to be an even better year than it anticipated.
Plains All American Pipeline (PAA) and Plains GP Holdings (PAGP) reported their second-quarter results on August 7 after the markets closed. Plains All American Pipeline reported an adjusted EBITDA of $506 million for the quarter, which was 12% higher than its adjusted EBITDA in the second quarter of 2017. Plains All American Pipeline’s results were ahead of its expectations for the quarter.
Plains All American Pipeline LP said two West Texas crude pipeline projects would begin partial operations slightly ahead of their original schedules.
On a per-share basis, the Houston-based company said it had profit of 7 cents. Earnings, adjusted for non-recurring costs, came to 38 cents per share. The results topped Wall Street expectations. The average ...
Plains All American Pipeline, L.P. and Plains GP Holdings today reported second-quarter 2018 results.
The Section 232 tariffs have been a bone of contention between US steel producers and their end users. According to Reuters, Kinder Morgan (KMI), Hess (HES), and Plains All American Pipeline (PAA) are among the companies that have requested exemptions from the Section 232 tariffs. Along with exemptions defined by country, the US Department of Commerce is also considering product-related exemptions from the Section 232 tariffs.
The WTI Cushing-WTI Midland spread, a key indicator to watch for Permian producers and pipeline MLPs operating in the region, moved closer to four-year highs of $18 per barrel last week. The spread rose to $17.3 per barrel by the end of last week—significantly higher than this year’s average of $3.5 per barrel.
Recently, Energy Transfer Partners (ETP) and Energy Transfer Equity (ETE) announced their merger. The most important thing to watch in their second-quarter earnings would be the distribution outlook following the simplification transaction. Energy Transfer Partners and Energy Transfer Equity announced their distribution for the second quarter.
EOG Resources and Noble Energy said Friday they will shift well completions from the Permian Basin to their other oil assets.
Enterprise Products Partners (EPD) saw a string of target price increases after its strong second-quarter results. UBS raised its target price from $36 to $39. Barclays and Stifel both raised their target prices for the stock to $34. SunTrust Robinson raised its target price for Enterprise Products Partners from $33 to $34. RBC raised its target price from $34 to $37.
In this part, we’ll discuss the drilling activity in major basins where Energy Transfer Partners (ETP) has high exposure. Let’s start with the Permian Basin.
Enterprise Products Partners (EPD) reported its second-quarter results on August 1. Excluding the impact of non-cash mark-to-market losses on financial instruments, all four of the company’s segments reported higher earnings for the quarter. The earnings growth was driven by higher volumes across the segments.
Alan Valdes of Silverbear Capital joins Yahoo Finance's Seana Smith from the floor of the New York Stock Exchange to discuss the latest market moves. Here's the performance of select energy stocks as of 3:00 pm ET: CHK Chesapeake Energy Corp 4.82% BPL Buckeye Ptnrs L.P. 4.51% FANG Diamondback Energy Inc 2.99% CXO Concho Resources Inc 2.32% NFX Newfield Exploration 2.22% RRC Range Resources 1.93% BHGE Baker Hughes a GE Co Cl A 1.92% APA Apache Corp 1.73% DVN Devon Energy 1.71% EOG EOG Resources 1.67% PXD Pioneer Natural Resources 1.69% CVE(HB) Cenovus Energy Inc 1.58% ECA EnCana Corporation 1.50% ANDX(HB) Andeavor Logistics LP 1.50% APC Anadarko Petro 1.46% XEC Cimarex Energy 1.35% EC Ecopetrol S.A. 1.34% HES Hess Corporation 1.25% LNG Cheniere Energy 1.21% CNQ Canadian Natural Resources 1.15% PAA Plains All American Pipeline 1.08% PE Parsley Energy Inc 1.03% PAGP Plains GP Hldgs L.P Cl A 0.96% MPLX MPLX LP 0.81% CLR Continental Resources Inc 0.81% PSXP(HB) Phillips 66 Partners LP 0.79% COP ConocoPhillips 0.79% SU Suncor Energy (New) 0.78% PSX Phillips 66 0.78% WGP(HB) Western Gas Equity Partners LP 0.66% CEO(HB) CNOOC Ltd ADS 0.66% OKE Oneok Inc 0.60% MPC Marathon Petro Corp 0.58% WMB Williams Companies 0.58% ANDV Andeavor 0.55% WPZ Williams Partners LP 0.54% MRO Marathon Oil Corp 0.54% COG Cabot Oil & Gas Corp 0.51% TRP Transcanada Corp 0.49% PBR Petroleo Brasileiro S.A. ADS 0.48% EQT EQT Corporation 0.50% HP Helmerich & Payne 0.41% CVX Chevron Corporation 0.37% SHLX Shell Midstream Partners LP 0.35% HFC HollyFrontier Corporation 0.27% BP BP P.L.C. ADS 0.26% PTR(HB) Petrochina Co Ltd ADR 0.23% ETP(HB) Energy Transfer Partners LP 0.21% OXY Occidental Petro 0.12% EGN Energen Corp 0.09% XOM Exxon Mobil 0.02% IMO Imperial Oil Ltd 0.00% TOT Total 'B' ADS -0.06% SLB Schlumberger Ltd -0.10% HAL Halliburton Co -0.20% AR Antero Resources Corp -0.21% E Eni S.P.A. ADS -0.21% EQGP EQT GP Hldgs LP -0.05% NOV National Oilwell Varco Inc -0.30% FTI(HB) TechnipFMC plc -0.45% VLO Valero Energy -0.47% MMP Magellan Midstream Partners LP -0.88% NBL Noble Energy -1.22% EEP(HB) Enbridge Energy Ptnrs L.p. -1.39% UGP Ultrapar Participacoes SA ADS -1.40% YPF YPF Sociedad Anonima ADS -1.75% FCX Freeport-McMoRan Inc -1.85%
Yahoo Finance's Jared Blikre joins Seana Smith from the floor of the New York Stock Exchange to discuss the latest market moves after geopolitical events in Venezuela and Saudi Arabia drive up the price of crude oil.
Yahoo Finance's Jared Blikre joins Seana Smith from the floor of the New York Stock Exchange to discuss the latest market moves after crude oil rallies after briefly dipping below the $67 per barrel price level.