Lower Commodity Prices Drag on Pembina Outlook
Pembina Pipeline (PBA) guided 2023 Adjusted EBITDA between $3.5 – $3.8 billion, lower at the midpoint than East Daley’s forecast…
The Daley Note
Freeport LNG Won’t be Ringing in the New Year
Freeport LNG expects to restart operations in the second half of January 2023, pushing back its projected startup date from…
Tallgrass Buying Ruby Pipeline at Fair Price
Tallgrass Energy submitted a winning bid to purchase Ruby Pipeline out of bankruptcy, outbidding rival Kinder Morgan (KMI).
Plains to Sell Alberta NGL Assets; We Model Supply Growth for Canada
Plains All American (PAA) will sell its 21% interest in Keyera Fort Saskatchewan back to Keyera (KEY) for $270 million.…
Williams’ MountainWest Purchase is a Bet on Rockies Upside
Williams (WMB) will acquire MountainWest Pipelines from Southwest Gas (SWX) for $1.5 billion in cash and debt. East Daley sees…
In Colorado, Industry Navigates New World of ESG
The Colorado oil and gas industry is adapting to some of the toughest environmental and permitting rules in the nation.
Project Approval Hits the SPOT for Exports
Enterprise (EPD) received a key approval for its SPOT project offshore the Gulf Coast. We see SPOT intensifying US competition…
Mind the Gap in the Kinder Morgan Outlook
Kinder Morgan (KMI) is guiding to a strong performance in 2023, above East Daley’s forecast for the year ahead. We…
Sempra on LNG Signing Spree
US LNG project developers have been busy signing up new customers in 2022, supporting East Daley’s bullish view on long-term…
Dirty Little Secrets Preview: Who Gives a Frac?
Planned fractionation expansions are no match for NGL production growth in 2023, which East Daley expects will lead to tight…