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Fly News Breaks for December 18, 2019
Dec 18, 2019 | 08:15 EDT
Jefferies analyst Christopher Sighinolfi said U.S. midstream equity performance in 2019 has been overshadowed by commodity price weakness and "growing trepidation," but he sees compelling midstream value amid declining leverage, moderating capital spending, escalating free cash flow and third-party M&A. He remains most constructive on the Midstream sector within the broader Midstream & Refining space and favors Williams (WMB) and Equitrans Midstream (ETRN) among the C-corps, adding the latter to the firm's Franchise Picks list. In the MLP group, he prefers Enterprise Products (EPD), Energy Transfer (ET) and Plains All American (PAA), Sighinolfi added.
News For ETRN;WMB;EPD;ET;PAA From the Last 2 Days
Nov 29, 2021 | 05:56 EST
Barclays analyst Christine Cho reinstated coverage of Plains All American with an Equal Weight rating post the Oryx deal closure. While the joint venture "makes a lot of sense" for Plains All American, the pipeline overcapacity in the basin remains an overhang, Cho tells investors in a research note.