January 20, 2017
Every Little Thing Counts – Kinder Morgan kicked off the 4Q16 earnings cycle without any big surprises, reporting EBDA before certain times 0.2% lower than EDC’s projections. (Tickers: KNI, ENLK, CLR, RRC)…….
Give the People What They (Will) Want – Plains announced last week that it’s expanding its 330Mb/d Cactus pipeline by 60 Mb/d with an expected completion in 3Q17. (Tickers: PAA, EPD, SXL, MMP)……
Enterprise, We’ll Pick You Up – Exxon’s $6.6 billion Permian acquisition is expected to add new activity to that acreage after the previous operator, BOPCO, has not spud a well since 2015. (Tickers: XOM, EPD)……
How Very Noble of You – This week Noble Energy announced the buyout of Clayton Williams Energy for $2.7 billion, creating the industry’s second largest Southern Delaware Basin acreage position of about 120,000 net acres. (Tickers: ETP, CWEI, NBL)…….
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