Fly News Breaks for September 17, 2019
Sep 17, 2019 | 20:41 EDT
As previously reported, Evercore ISI started NextDecade with an Outperform rating and a price target of $11. The analyst cites the company's plan to build a 33Mtpa export facility in Texas, stating the project will benefit from the use of a site positioned on an uncrowded deepwater port and having the proximity to take advantage of new pipeline takeaway capacity for cheap associated Permian Basin gas. Evercore contends that these factors should be key to NextDecade's expected final investment decision on tap for some time in Q1 of FY20 that may lead to a valuation re-rating.
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