|Bid||10.90 x 4000|
|Ask||10.97 x 1200|
|Day's Range||10.84 - 11.04|
|52 Week Range||9.10 - 18.62|
|PE Ratio (TTM)||9.43|
|Earnings Date||Jul 30, 2018 - Aug 3, 2018|
|Forward Dividend & Yield||0.40 (3.59%)|
|1y Target Est||14.00|
NEW YORK, May 21, 2018 /PRNewswire/ -- Bandera Partners LLC, a significant unitholder of Boardwalk Pipeline Partners, LP (BWP), announced today that it has issued a public letter to the Board of Directors of Loews Corporation (NYSE:L) regarding Loews' potential purchase of Boardwalk's outstanding units. Bandera Partners owns 1.6 million common units of Boardwalk Pipeline Partners, a substantial stake for a small firm like ours.
Legacy Reserves (LGCY), an upstream MLP involved in crude oil, natural gas, and NGLs (natural gas liquids) production, was the top MLP performer last week. LGCY had jumped 33.6% by the end of last week driven by strong gains in crude oil prices and strong first-quarter earnings. The partnership posted adjusted EBITDA of $70.7 million in 1Q18 compared to $40.2 million in 1Q17, representing a YoY increase of 76%.
I write once more to address Loews’s continued efforts to stonewall Boardwalk’s minority unitholders. Yesterday, Loews responded to my May 8 letter by complaining that it was “unfair” to criticize it for causing a 16% drop in Boardwalk’s unit price, and claiming that the federal securities laws “oblig[ed]” it to disclose that it was “seriously considering” exercising a call to buy Boardwalk’s minority units.
I write to express my outrage at the recent actions of the Loews Corporation, led by the members of the Tisch family who serve on its board, to artificially depress the stock price of Boardwalk Partners LP. As one of Boardwalk’s largest minority unitholders, I am shocked and deeply disappointed at the manner in which Loews and its leadership are treating their fellow shareholders and limited partners, and I call upon them to immediately take action to rectify the situation they have created. Nearly two months ago, on March 15, the Federal Energy Regulatory Commission issued a series of orders designed to address the allowance for income taxes in cost-of-service rates for natural gas and oil pipeline companies.
NEW YORK , May 8, 2018 /PRNewswire/ -- Loews Corporation (NYSE: L) announced today the declaration of the Company's quarterly dividend of $0.0625 per share of Common Stock, payable June 12, 2018 to shareholders ...
NEW YORK, May 08, 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 Boardwalk ...
DALLAS , May 7, 2018 /PRNewswire/ -- Alerian reported index linked product positions of $13.5 billion as of March 31, 2018 . Linked products include exchange-traded funds, exchange-traded notes, return ...
Loews' (L) Q1 shows lower earnings at Diamond Offshore and Boardwalk Pipeline, offset by higher earnings at CNA Financial and Loews Hotels plus a favorable impact of share buybacks.
NEW YORK, NY / ACCESSWIRE / April 30, 2018 / Boardwalk Pipeline Partners, LP (NYSE: BWP ) will be discussing their earnings results in their Q1 Earnings Call to be held on April 30, 2018 at 9:30 AM Eastern ...
HOUSTON , April 30, 2018 /PRNewswire/ -- Boardwalk Pipeline Partners, LP, (NYSE:BWP) announced today that it has declared a quarterly cash distribution per common unit of $0.10 ( $0.40 annualized) payable ...
NEW YORK , April 30, 2018 /PRNewswire/ -- Loews Corporation (NYSE: L) today reported net income of $293 million , or $0.89 per share, for the three months ended March 31, 2018 , compared to $295 million ...
NEW YORK , April 11, 2018 /PRNewswire/ -- Loews Corporation (NYSE: L) will report first quarter 2018 financial results on Monday, April 30, 2018. A conference call for analysts and investors will begin ...
HOUSTON , April 11, 2018 /PRNewswire/ -- Boardwalk Pipeline Partners, LP (NYSE:BWP) will report its first quarter 2018 earnings on Monday, April 30, 2018 . A conference call for analysts and investors ...
Boardwalk Pipeline Partners (BWP), a midstream MLP mainly involved in natural gas and NGLs (natural gas liquids) transportation, saw a new all-time low recently. In comparison, BWP’s peers Spectra Energy Partners (SEP), Williams Partners (WPZ), and TC PipeLines (TCP) have fallen 16.0%, 13.9%, and 36.5%, respectively. Boardwalk Pipeline Partners’ recent weakness could be related to recent sector headwinds and its weak 4Q17 earnings.
Publicly-traded energy infrastructure firms are as cheap as they were in the Fall of 2009. As a group, they combine high current yields with attractive capital gains potential.
HOUSTON , March 19, 2018 /PRNewswire/ -- Boardwalk Pipeline Partners, LP (NYSE: BWP) is reviewing the Federal Energy Regulatory Commission's (FERC) recent orders concerning the exclusion of federal income ...
Zacks Industry Outlook Highlights: NuStar Energy, Plains All American Pipeline, NGL Energy Partners, Archrock Partners and Boardwalk Pipeline Partners