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Fly News Breaks for October 10, 2018
MPLX, KMI, LNG, DCP
Oct 10, 2018 | 20:22 EDT
As reported earlier, Credit Suisse analyst Spiro Dounis initiated coverage of 39 midstream oil market stocks, calling DCP Midstream (DCP), Cheniere Energy (LNG), Kinder Morgan (KMI), and MPLX (MPLX) his "top picks". The analyst that his generally "constructive view" is based on expectations of domestic oil and gas production remaining strong as well as his assessment of midstream stocks being "undervalued on several metrics". Dounis adds that he is especially positive on the stocks with leverage to the export market, anticipating "vast majority of marginal production" to clear through the exports. For DCP Midstream, the analyst is positive on the growth project backlog in the DJ and Permian Basin, while for Cheniere Energy, he expects the company's EBITDA and free cash flow generation to ramp up. For Kinder Morgan, Dounis sees a "compelling" capital return story trading at a discount thanks to the company's $6B project backlog expected to drive a 25% distribution growth with an eye on exports.
News For DCP;LNG;KMI;MPLX From the Last 2 Days
KMI
Mar 28, 2024 | 16:23 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
KMI
Mar 28, 2024 | 12:00 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here