While natural gas struggles to get up and running on the export side because of regulatory and infrastructure constraints, natural gas liquids (NGLs) are experiencing massive export growth. Enterprise Products Partners (NYSE: EPD ) is right in the middle of that opportunity.
You can't export that stuff...
Up until recently, there wasn't any reason to export natural gas because we used everything we had and then some. But things are different now, and gas drillers are looking to get more U.S. oil and gas on the water. The big reason is that U.S. natural gas is trading at disproportionately low prices when compared to key demand centers around the world.
While export terminals are slowly being approved, they take years to develop. And major U.S. gas users like chemical giant Dow Chemical (NYSE: DOW ) are openly pushing back. Dow Chemical's CEO Andrew Liveris commented after a late 2013 liquefied natural gas export-terminal approval:
The most recent data makes clear that sending large volumes of American natural gas abroad will raise consumer energy prices, discourage manufacturing investment, and impede economic growth and job creation.
Best Rising Companies To Buy For 2015: Acuity Brands Inc (AYI)
Acuity Brands, Inc. (Acuity Brands), incorporated on September 20, 2007, is the parent company of Acuity Brands Lighting, Inc. (ABL), and other subsidiaries. Acuity Brands is a provider of lighting solutions for commercial, institutional, industrial, infrastructure, and residential applications throughout North America and select international markets. The Company's lighting solutions include devices, such as luminaires, lighting controls, power supplies, prismatic skylights, light-emitting diode (LED) lamps, and integrated lighting systems for indoor and outdoor applications utilizing a combination of light sources, including daylight, and other devices controlled by software that monitors and manages light levels while optimizing energy consumption (collectively referred to herein as lighting solutions). Effective March 14, 2013, the Company acquired eldoLED Europe BV.
The Company manufactures lighting devices primarily in North America, Europe and Asia. The Company's lighting solutions are marketed under numerous brand names, including Lithonia Lighting, Holophane, Peerless, Mark Architectural Lighting, Hydrel, American Electric Lighting, Gotham, Carandini, RELOC, Antique Street Lamps, Tersen, Winona Lighting, Synergy Lighting Controls, Sensor Switch, Lighting Control & Design, Dark to Light, ROAM, Sunoptics, acculamp, Pathway Connectivity, and Healthcare Lighting. As of August 31, 2012, the Company manufactures products in 18 facilities in North America and two facilities in Europe.
Principal customers include electrical distributors, retail home improvement centers, electric utilities, municipalities, lighting showrooms, and energy service companies located in North America and select international markets serving new construction, renovation, and facility maintenance applications. In North America, the Company's lighting solutions are sold primarily by independent sales agents, electrical wholesalers, and factory sales representatives who cover specific geographic areas! and market channels. Products are delivered directly or through a network of distribution centers, regional warehouses, and commercial warehouses using both common carriers and a company-owned truck fleet. During the fiscal year ended August 31, 2012 (fiscal 2012), North American sales accounted for approximately 98% of net sales. The Company has one operating segment serving the North American lighting market and select international markets.
The Company provides a range of lighting solutions, as well as services used in the applications, such as lighting solutions and services. Lighting solutions and services includes commercial and institutional, industrial, infrastructure, residential and services. Commercial and Institutional includes stores, hotels, offices, schools, and hospitals, as well as other government and public buildings. Lighting solutions that serve these applications include recessed, surface, and suspended lighting products, recessed down lighting, track lighting, day lighting, and lighting controls (occupancy sensors, photocontrols, relay panels, architectural dimming panels, and integrated lighting controls systems), as well as special-use lighting products. The outdoor areas associated with these applications are addressed by a range of outdoor lighting products, such as area and flood lighting, decorative site lighting, and landscape lighting. Industrial includes primarily warehouses and manufacturing facilities, which utilize a range of general purpose, day lighting, and special-use lighting solutions. Infrastructure includes highways, tunnels, airports, railway yards, and ports. Products that serve these applications include street, area, high-mast, off-set roadway, sign lighting, poles, and integrated controls systems. Residential includes a combination of decorative, utilitarian, and down lighting products. Services include monitoring and controlling of lighting systems through network technologies.
The Company competes with Cooper Industries plc, Hu! bbell Inc! orporated, Koninklijke Philips Electronics N.V., OSRAM AG, Schneider Electric and General Electric Company.
Advisors' Opinion:- [By Mike Deane]
Acuity Brands announced its second quarter earnings just as the opening bell rang on Wednesday, with the company posting slightly higher revenue and earnings than last year’s Q2.�
AYI’s Earnings in Brief
AYI reported fourth quarter revenues of $546.2 million, an increase of 12% million from last year’s Q2 revenues of $486.7 million. Net income for the quarter came in at $77.2 million, up from $50.8 million reported for last year’s Q2. The company�� diluted EPS for Q2 was 75 cents, an increase from last year’s 57 cent EPS. AYI missed analysts’ estimates of 83 cents EPS on revenues of $553.95 million. Looking ahead, AYI has a positive outlook on the lighting industry, and sees growth and strong demand.CEO Commentary
AYI’s chairman, president and CEO, Vernon J. Nagel, had the following comments: “We were very pleased with our fiscal 2014 second quarter results as we continued to execute our strategies to extend our leadership position in North America. While we believe inclement winter weather in certain parts of the U.S. dampened customer orders during the quarter and somewhat impacted our operations, the year-over-year increase in net sales reflects continued favorable trends in order rates as well as the continued adoption of LED lighting solutions, which again more than doubled over the prior year. Sales of LED-based luminaires now represent 30 percent of our�net sales. We believe our second quarter results reflect our ability to provide customers truly differentiated value from our industry-leading portfolio of innovative lighting and control solutions along with superior service.”
AYI’s Dividend
Acuity is paying its next dividend on May 1, and its stock goes ex-dividend on April 15. The company pays a quarterly dividend of 13 cents, which has not been touched since 2007.
Stock Performance
AYI stock was up slightly on Wednesday morning. YTD, the c
- [By Mike Deane]
Before the opening bell on Tuesday�morning, Acuity Brands, Inc. (AYI)�reported its third�quarter earnings, posting record quarterly revenues,�which still couldn’t top analysts’ estimates.
AYI’s�Earnings in Brief
Acuity Brands�reported third�quarter revenues of $6.03 billion, marking an 11.5% increase over last year’s Q3 revenues of $541.5 million. Adjusted net income�for the quarter came in at $43.3 million, or $1.00 per share, which is up slightly from last year’s Q3 figures of $41.9 million, or 97�cents per share. AYI missed analysts’ estimates of $1.12 EPS on revenues of $609.09 million.CEO Commentary
AYI chairman, president and CEO Vernon J. Nagel had the following comments:�“We were pleased with our fiscal 2014 third quarter results as we continued to execute our strategies to extend our leadership position in North America. The year-over-year increase in net sales reflects continued favorable trends in our�order rates as well as the continued adoption of LED lighting solutions, which nearly doubled over the prior year. Sales of LED-based lighting solutions now represent over a third of our net sales.”
AYI’s�Dividend
Acuity Brands has not raised its dividend since it 2007, when it cut its quarterly payout�from 15 cents to 13 cents. The company’s next dividend is payable on August 1, and the stock goes ex-dividend on July 16.
Stock Performance
AYI stock was inactive in pre-market trading. YTD, the company’s stock is up 28.43%.
AYI�Dividend SnapshotAs of Market Close on June 30, 2014
Click here to see the complete history of AYI dividends.
- [By Monica Gerson]
Analysts are expecting Acuity Brands (NYSE: AYI) to have earned $$1.02 per share on revenue of $569.33 million in the fourth quarter. Acuity Brands shares rose 0.95% to close at $92.02 yesterday.
- [By Lee Samaha]
Shareholders in lighting company Acuity Brands (NYSE: AYI ) were given a rude reminder of the risk of holding a highly rated stock recently. The company's third quarter results missed estimates and the stock plunged more than 15%. But it might not all be so bad. Acuity's management doesn't give earnings guidance, so Fools should expect some volatility around the results. In addition, the company is attractive for a host of reasons, many of which also apply to Cree (NASDAQ: CREE ) and Hubbell� (NYSE: HUB-B ) . Is this a good buying opportunity in Acuity Brands?
10 Best Up And Coming Stocks To Buy Right Now: Drinks Americas Holdings Ltd (DKAM)
Drinks Americas Holdings, Ltd., incorporated in February 14, 2005, develops, produces, markets and/or distributes alcoholic and non-alcoholic beverages for sale primarily in the continental United States. Through its majority-owned subsidiaries, Drinks imports, distributes and markets premium wine and spirits and alcoholic beverages to beverage wholesalers throughout the United States and internationally. The alcoholic products distributed by the Company are KAH Tequila, Old Whiskey River Bourbon (R), Rheingold Beer, Damiana, a Mexican liqueur, Mexicali Beer, Agave 99, Chili Devil Beer, Crazy PigAle and Red Pig Ale. In June, 2011 the Company acquired the rights to distribute and market existing brands and products from Fabrica De Tequilas Finos S.A. de C.V. (Finos) and Cervecera Mexicana, S. de R.L. de C.V. (Cerveceria). In June 2011, the Company acquired the rights to distribute and market existing brands and products through a licensing agreement with Worldwide Beverage Imports, LLC, (WBI). On November 2, 2011, the Company acquired worldwide licensing and distribution rights on both the spirits and beer products owned or licensed by WBI. In June 2013, the Company announced the development of Drinks Americas Consumer Beverage Consulting Division.
The Company owns, distributes or licenses or collects royalties from a number of Spirits Brands to include Old Whiskey River Bourbon, Damiana Liqueur and Rheingold Beer. The Company owns 25% interest in Old Whiskey River Distilling Company, LLC which owns or licenses the related trademarks and trade names associated with the Old Whiskey River products.
The Company compets with Diageo, Allied Domecq, Pernod Ricard, Brown-Forman and Bacardi & Company, Ltd.
Advisors' Opinion:- [By Peter Graham]
Small cap stocks Drinks Americas Holdings, Ltd (OTCMKTS: DKAM), 7 Star Entertainment Inc (OTCMKTS: SAEE), Rising India Inc (OTCMKTS: RSII) and Big Tree Group Inc (OTCMKTS: BIGG) have all been attracting attention thanks to paid promotions. Of course, there is nothing wrong with properly disclosed and paid for promotions or investor relation activities, but they can backfire on unwary investors and traders alike. So are stock promoters blowing a bunch of hot air regarding these four small cap stocks or are they actually potential winners? Here is a quick reality check to help you decide:
Drinks Americas Holdings, Ltd (OTCMKTS: DKAM) Has One of the Top Beers of 2013Small cap Drinks Americas Holdings mission is to identify and invest the majority brand-building resources on beers and spirits with the greatest growth potential. Currently, Drinks Americas is the exclusive United States broker for leading premium authentic Mexican beers currently available in over 32 states, hundreds of chain retailers and restaurants and is on target to be the leading broker for this growing category in each of the markets in which it operates. On Friday, Drinks Americas Holdings rose 2.15% to $0.0095 for a market cap of $280,110 plus DKAM is down 89.3% over the past year and down 94.6% over the past five years according to Google Finance.
- [By Peter Graham]
Last Friday, small cap stocks MedCAREERS Group Inc (OTCMKTS: MCGI), USmart Mobile Device Inc (OTCMKTS: UMDI) and Drinks Americas Holdings, Ltd (OTCMKTS: DKAM) were all over the place with the first two sinking 54% and 48.05%, respectively, while the last one rose 10.81%. It should be mentioned that all three small cap stocks have been the subject of paid promotions albeit none of these stocks have been over promoted. So where can investors and traders expect these stocks to head this week? Here is a quick look at what you might expect:
- [By Bryan Murphy]
Even though you're reading this now, odds are that three weeks ago you'd never even heard of Drinks Americas Holdings, Ltd. (OTCMKTS:DKAM). And, like so many other young, nano-cap stocks, it would be easy to assume the current strength being exhibited by DKAM is nothing but a short-term phenomenon, meaning there's no particular reason to jump on the stock now. If there was ever a reason to jump onto a micro cap name for a quick trade though, this may be it.
- [By Bryan Murphy]
Say whatever you want about Drinks Americas Holdings, Ltd. (OTCMKTS:DKAM), but one thing is undeniable... this company is producing a lot of revenue despite being a very small company. More specifically, the DKAM market cap is abnormally low relative to the sales figures the company is putting up.
10 Best Up And Coming Stocks To Buy Right Now: Banca Monte dei Paschi di Siena SpA (BMPS)
Banca Monte dei Paschi di Siena SpA is an Italy-based company engaged in the banking sector. It provides traditional banking services, asset management and private banking, including life insurance, pension funds and investment trusts. It operates though three business segments. The Retail Banking segment covers consumer lending, insurance, provision of financial and non-financial services to retail customers, wealth management, tax planning, financial advisory and planning for private customers. The Corporate Banking division oversees the Group's business strategies targeted to small and medium enterprises, institutions and large corporate for which it offers leasing, factoring, lending and financial products, among others. The Corporate Center segment includes the cancellation of intergroup entries, treasure, governance and support functions. In January 2014, the Company completed the sale of its entire shareholding in Sorin SpA, equal to approximately 5.7%. Advisors' Opinion:- [By Corinne Gretler]
Kesko Oyj, Finland�� biggest publicly traded retailer, rallied 9 percent. Banca Monte dei Paschi di Siena SpA (BMPS) added 2 percent as Italy�� third-largest lender set out a plan to return to profit after cutting costs and raising capital as part of its restructuring plan. Speedy Hire Plc sank the most since 2009 after the construction-equipment leasing company said it found evidence of false accounting at one of its units.
10 Best Up And Coming Stocks To Buy Right Now: UBIC Inc (UBIC)
UBIC, Inc. is a provider of e-discovery and digital forensic services for Asia and the world. The Company works with electronically stored information composed in Chinese, Japanese and Korean (CJK) languages and utilizes that expertise for clients involved in cross-border litigation, corporate investigations, intellectual property disputes and more. The Company's Lit i View platform is moving the industry from fact discovery to future discovery by allowing clients to analyze e-mail messages and digital communications found in big data to reveal patterns in human thought and behavior. Advisors' Opinion:- [By Lisa Levin]
UBIC (NASDAQ: UBIC) shares fell 6.36% to touch a new 52-week low of $5.30. UBIC's trailing-twelve-month revenue is $58.74 million.
Posted-In: 52-Week LowsNews Movers & Shakers Intraday Update Markets
10 Best Up And Coming Stocks To Buy Right Now: Hercules Technology Growth Capital Inc (HTGC)
Hercules Technology Growth Capital, Inc. (HTGC), incorporated on December 18, 2003, is an internally managed, non-diversified closed-end investment company. The Company is a specialty finance company focused on providing senior secured loans to venture capital-backed companies in technology-related markets, including technology, biotechnology, life science, and clean-technology industries at all stages of development. The Company's investment objective is to maximize the Company's portfolio total return by generating current income from its debt investments and capital appreciation from its equity-related investments. The Company invests primarily in structured debt with warrants and, to a lesser extent, in senior debt and equity investments. The Company also makes investments in qualifying small businesses through two wholly-owned, small business investment company (SBIC) subsidiaries, Hercules Technology II, L.P. (HT II) and Hercules Technology III, L.P. (HT III).
The Company focuses its investments in companies active in the technology industry sub-sectors characterized by products or services that requires advanced technologies, including, but not limited to, computer software and hardware, networking systems, semiconductors, semiconductor capital equipment, information technology infrastructure or services, Internet consumer and business services, telecommunications, telecommunications equipment, renewable or alternative energy, media and life science. Within the life science sub-sector, the Company generally focuses on medical devices, bio-pharmaceutical, drug discovery, drug delivery, health care services and information systems companies. Within the clean technology sub-sector, the Company focuses on sustainable and renewable energy technologies and energy efficiency and monitoring technologies. The Company refers to all of these companies as technology-related companies and intend, under normal circumstances, to invest at least 80% of the value of its assets in such businesses. Advisors' Opinion:
- [By Chad Tracy]
StreetAuthority expert analyst Amy Calistri has had incredible success with BDCs in her Daily Paycheck portfolio. When she recommended Hercules Technology (NYSE: HTGC) in February 2010, the stock was trading for a little more than $10 a share.
- [By Bryan Perry]
My first BDC recommendation for you is Hercules Technology Growth Capital (HTGC). Based in Palo Alto, Calif., Hercules is a leading specialty finance company that provides venture debt and equity to venture capital and private equity-backed technology and life-science companies.
10 Best Up And Coming Stocks To Buy Right Now: William Hill PLC (WMH)
William Hill PLC is a United Kingdom-based gambling company. The Company�� business is to provide its customers with a range of sports betting and gaming opportunities. It is a bookmaker providing fixed odds sports betting. It also offers gaming opportunities. The Company�� segments include Retail distribution channel, which includes activity undertaken in LBOs, including gaming machines; Online segment, which includes activity undertaken online, including an online sportsbook, online casino, online poker sites and other gaming products; Telephone segment, which includes its telephone betting services; US segment, comprises all activity undertaken in the United States; Other activities include on-course betting and greyhound stadia operations. In April 2013, it acquired the remaining 29% stake in William Hill Online from its joint venture partner Playtech Ltd. Effective September 2, 2013, William Hill PLC acquired Miapuesta.es, a provider of gaming and sports betting services. Advisors' Opinion:- [By Inyoung Hwang]
Royal Bank of Scotland Group Plc sank 3.3 percent after reporting results and naming the head of its U.K. consumer unit as chief executive officer. William Hill Plc (WMH) dropped the most in four years after the bookmaker posted earnings that missed analysts��projections. International Consolidated Airlines Group SA (IAG) rose to a five-year high as the parent of British Airways reported an operating profit in the second quarter.
- [By Inyoung Hwang]
Prudential Plc (PRU), which generated 32 percent of its operating income from Asia last year, climbed to its highest price since at least 1988. William Hill (WMH) Plc lost 3.2 percent after JPMorgan Chase & Co. lowered its rating on the bookmaker. Anglo American Plc (AAL) declined 1.4 percent after saying that production at its Kumba (KIO) Iron Ore Ltd. unit fell.
10 Best Up And Coming Stocks To Buy Right Now: Markwest Energy Partners LP (MWE)
MarkWest Energy Partners, L.P. (MarkWest Energy) is a master limited partnership engaged in the gathering, processing and transportation of natural gas; the transportation, fractionation, storage and marketing of natural gas liquids (NGLs), and the gathering and transportation of crude oil. It provides services in the midstream sector of the natural gas industry. The Company also provides processing and fractionation services to crude oil refineries in the Corpus Christi, Texas area through its Javelina gas processing and fractionation facility. As of December 31, 2011, the Company operated in four segments: Southwest, Northeast, Liberty and Gulf Coast. Effective December 31, 2011, the Company acquired the remaining 49% interest in MarkWest Liberty Midstream. On February 1, 2011, the Company acquired Langley processing plant.
Southwest Segment
The Company owns a system in East Texas that consists of natural gas gathering pipelines, centralized compressor stations, a natural gas processing facility and an NGL pipeline. The East Texas system is located in Panola, Harrison and Rusk Counties and services the Carthage Field. Producing formations in Panola County consist of the Cotton Valley, Pettit, Travis Peak and Haynesville formations. During the year ended December 31, 2011, approximately 77% of its natural gas volumes in the East Texas System result from contracts with six producers. The Company sells substantially all of the purchased and retained NGLs produced at its East Texas processing facility to Targa Resources Partners, L.P. (Targa) under a long-term contract. Such sales represent approximately 19.4% of its consolidated revenue in 2011.
The Company owns a natural gas gathering system in the Woodford Shale play in the Arkoma Basin of southeast Oklahoma. The liquids-rich natural gas gathered in the Woodford system is processed through Centrahoma Processing LLC (Centrahoma), its equity investment, or other third-party processors. In addition, it owns the Foss Lake! natural gas gathering system and the Western Oklahoma natural gas processing complex, all located in Roger Mills, Beckham, Custer and Ellis Counties of western Oklahoma. The gathering portion consists of a pipeline system that is connected to natural gas wells and associated compression facilities. The Company also owns a gathering system in the Granite Wash formation in Wheeler County in the Texas panhandle that is connected to its Western Oklahoma processing complex. The Company completed the expansion of the Western Oklahoma natural gas processing plant in October 2011.
Approximately 70% of its Oklahoma volumes result from contracts with three producers in 2011. The Company sells substantially all of the NGLs produced in the Western Oklahoma processing complex to ONEOK Hydrocarbon L.P. (ONEOK) under a long-term contract. Such sales represent approximately 13.2% of its consolidated revenue in 2011. The Company owns a number of natural gas gathering systems located in Texas, Louisiana, Mississippi and New Mexico, including the Appleby gathering system in Nacogdoches County, Texas. It gathers a portion of the gas produced from fields adjacent to its gathering systems, including from wells targeting the Haynesville Shale. In addition, it owns four lateral pipelines in Texas and New Mexico.
Northeast Segment
The Company�� Northeast segment assets include the Kenova, Boldman, Cobb, Kermit and Langley natural gas processing plants, an NGL pipeline and the Siloam NGL fractionation plant. In addition, it has two caverns for storing propane at its Siloam facility and additional propane storage capacity under a long-term firm-capacity agreement with a third party. The Northeast segment operations include fractionation and marketing services on behalf of the Liberty segment. The Company owns and operates a crude oil pipeline in Michigan (Michigan Crude Pipeline) providing transportation service for three shippers.
Liberty Segment
The Company pr! ovides na! tural gas midstream services in southwestern Pennsylvania and northern West Virginia through MarkWest Liberty Midstream. It is a processor of natural gas in the Marcellus Shale, with gathering, processing, fractionation, storage and marketing operations.
Utica Segment
Effective January 1, 2012, the Company and The Energy and Minerals Group (EMG) formed MarkWest Utica EMG, a joint venture focused on the development of natural gas processing and NGL fractionation, transportation and marketing infrastructure to serve producers' drilling programs in the Utica shale in eastern Ohio. During 2011, the Utica Segment did not have any operations.
Gulf Coast Segment
The Company owns and operates the Javelina processing facility, a natural gas processing facility in Corpus Christi, Texas that treats and processes off-gas from six local refineries operated by three different refinery customers. As of December 31, 2011, the Company owned a 40% interest in Centrahoma Processing LLC (Centrahoma), a joint venture with Cardinal Midstream, LLC (Cardinal). Centrahoma owns certain processing plants in the Arkoma Basin and Cardinal operates an additional processing plant that is not owned by Centrahoma but is located adjacent to and operates in conjunction with the Centrahoma plants.
Advisors' Opinion:- [By Ben Levisohn]
Abbvie (ABBV)
Ameren Corp. (AEE)
Arthur J. Gallagher (AJG)
E.I. DuPont de Nemours & Co. (DD)
ENSCO (ESV)
Enterprise Products Partners LP (EPD)
General Mills (GIS)
H&R Block (HRB)
Hancock Holding (HBHC)
Kraft Foods Group (KRFT)
Lorillard (LO)
Magellan Midstream Partners LP (MMP)
MarkWest Energy Partners L P (MWE)
McDonald’s (MCD)
Microchip Technology (MCHP)
NextEra Energy (NEE)
Regency Centers (REG)
TELUS Corp. (TU)
West Corp. (WSTC)
Williams Companies (WMB) - [By Mike Deane]
After the bell on Tuesday, Markwest Energy Partners LP (MWE) announced its third quarter earnings, with revenue rising substantially from last year’s third quarter.
MWE Earnings in Brief
-Markwest’s revenue for the quarter came in at $420.5 million, a huge gain from last year’s same quarter revenue of $280.6 million. This was still not enough to top analysts’ revenue estimates of $458.22 million
-Even with much higher revenue, MWE still posted a loss for the quarter of $20.03 million, which was more than last year’s loss of $15.27 million.
-The company posted an EPS loss of 17 cents, which was larger than last year’s Q3 loss of 13 cents, and far below the analysts’ estimate of 24 cents EPS profit.CEO Commentary
Frank Semple, Markwest’s chairman, president and CEO, had the following comments about the quarterly results: ��ur results reflect the continued success of our producers��as they rapidly develop their acreage positions in high-quality unconventional resource plays, as well as several short-term operational constraints that we have recently experienced in the Northeast. Development of the Marcellus and Utica Shales continues to provide us with significant future growth opportunities for the expansion of critical midstream infrastructure. We are committed to providing our producers with exceptional customer service and unique solutions that will support their ongoing success.��/p>
Dividend
Markwest made no mention of a dividend change in its earnings report, which was not a surprise, as the company just raised its quarterly dividend by 1 cent at the end of October. The quarterly dividend of 85 cents went ex-dividend on November 5 and will be paid this Thursday. Markwest has raised its dividend every quarter for the past three years.
Stock Performance
MWE stock was up 39 cents, or 0.52%, at Tuesday’s market close. YTD, the company’s s
- [By Matt DiLallo]
MarkWest Energy� (NYSE: MWE ) �has taken this as a challenge and will soon be the top infrastructure provider in the region. During the year it plans on bringing a 100,000 barrel per day fractionation facility on line with truck, rail, and pipeline access. This facility will also have access to fractionation facilities in the Marcellus Shale. This addition broadens a portfolio that already houses multiple facilities capable of refrigeration, cryogenic processing, and fractionation. As you can see from the following slide, the company has a number of projects under construction to meet the growing needs of producers in the region. �
- [By Callum Turcan]
The Utica Marcellus Texas Pipeline is being constructed by another�joint venture, but this time�between�Kinder Morgan Energy Partners and MarkWest Energy Partners (NYSE: MWE ) . In order for NGL producers to want to use the new�pipeline, they need to know someone at the end of the line will be able to buy and process their product. Kinder Morgan Energy Partners is nice enough to offer both the logistics and the processing capacity to allow America's energy boom to happen.�
No comments:
Post a Comment