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The Daley Note 3/25/2021

The Daley Note 3/25/2021

  • Better Blending Ahead?: Magellan recently gave 2021 guidance below East Daley and Street estimates, and part of the deficit appears to be driven by management’s outlook on butane blending. MMP
  • Court Win Improves Odds for NFG’s Northern Access Project: National Fuel Gas won a key court case Tuesday against New York regulators that increases odds its long-delayed Northern Access Project can move ahead and create a new outlet for Marcellus-Utica gas. KMI, NFG, TRP
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