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The Daley Note 2/18/2021

The Daley Note 2/18/2021

  • Energy Transfer to Acquire Enable Midstream for $7.2 Billion: Energy Transfer (ET) will acquire Enable Midstream (ENBL) in an all-equity deal valued at ~$7.2 billion, a tieup at a reasonable multiple (7.0x EBITDA) that creates several opportunities for natural gas and NGL asset synergies in the Anadarko and Ark-La-Tex basins once ET closes the deal. (ET)
  • Let’s Take the Inside, Outside: Propane markets were heating up even ahead of the latest Arctic freeze gripping the Central U.S., a function of higher exports and demand as many businesses across the U.S. turn to alternative methods to keep people warm amid indoor gathering restrictions.
  • North American Energy Indicators and Equity Prices
  • North American Natural Gas Prices
  • North American Crude Oil Prices
  • North American Natural Gas Liquids Prices