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Many companies have slowed their activity or turned to trucking crude because of a shortage of pipelines to carry oil across the state to the major refining and port hubs in Houston and Corpus Christi.
Buy), with a $15 price target that implies a one-year upside of 20%. Plains has already ordered a majority of equipment needed to commence construction such as 36-inch (91.5-cm) domestic line-pipe and long-lead materials, a company executive said during the quarterly earnings call. Futures on the Nasdaq 100 Index are 0.9% lower after Europe’s application software giant SAP SE dropped as much as 21% after cutting its revenue forecast for the full year.Notes From the Sell Side:Apollo Global Management was upgraded to outperform at Evercore ISI, which wrote that recent share-price weakness related to Leon Black’s relationship with convicted sex offender Jeffrey Epstein was overdone.
With no prior experience, Kyle Dennis decided to invest in stocks. In an era of near-zero rates from the Fed, NLY’s dividend return is sky-high.JMP analyst Steven DeLaney is impressed with NLY. Stocks decline sharply as coronavirus infections surge and stimulus negotiations remain at a stalemate. The company has granted staff share-based awards since 2014 and at least 18 other people have become billionaires from the IPO. Plains said the 100,000-bpd expansion of the Saddlehorn pipeline that runs from Colorado to the main U.S. storage hub in Cushing, Oklahoma, is expected to be complete in late 2020. “60 Minutes” finally aired the interview that Donald Trump cut short on Sunday night. It is very important to do your own analysis before making any investment. Frequent CenterPoint outages happen rain or shine, customers say, OPEC+ faces growing pressure to change course as ministers meet, Chron Exclusive: Pay only $35.99 for this Astros hoodie, These holiday kitchen items are 50% off at Hobby Lobby. The Wink-to-Webster Pipeline is a joint venture among affiliates of Exxon Mobil Corp, Plains All American, MPLX LP, and Delek US, among others. to Houston. Trump says he built a ‘booming’ economy. Work on the Wink-to-Webster Permian crude oil project, in which MPLX has a 15% equity ownership, is advancing, the company said during its first-quarter results call.
Willie Chiang is CEO of Houston-based Plains All American Pipeline LP. It just won’t be the original scope that we had envisioned early on,” Chief Executive Michael Hennigan said during the quarterly results call with analysts.
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