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The Daley Note 3/1/2021

The Daley Note 3/1/2021

  • The Chief Operating Officer for EnLink Midstream (ENLC), Ben Lamb, stated in its 4Q20 earnings that ENLC’s operations had “experienced significant, but short-term reductions in volumes, mainly in Oklahoma and Texas” because of the recent severe cold weather. ENLC did not provide estimations on the severity of the impact for 1Q21 performance. (ENCL)
  • East Daley anticipates a delay in any potential rate cuts on Shell Midstream’s (SHLX) Colonial refined products pipeline to late 1Q22, due to a lag in the ongoing rate case contesting Colonial tariffs. (SHLX)
  • Analysts from East Daley’s capital markets and commodities teams will host a webinar discussion on Wednesday, March 3 reviewing 4Q20 earnings for midstream companies in our coverage group. Click here to register for the webinar event.
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