Enterprise to Boost Aegis Capacity - Analyst Blog
17 Aprile 2013 - 4:26PM
Zacks
Enterprise Products
Partners L.P. (EPD) announced the commencement of a
supplemental binding open commitment period on its Aegis
pipeline.
The ongoing supplemental binding open commitment period will aid in
analyzing the additional shipper demand for capacity on the
pipeline as well as its size. The new 270-mile pipeline system,
Aegis, will carry purity ethane from the Enterprise Mont Belvieu,
Texas liquids storage complex to petrochemical refineries in Texas
and Louisiana.
Enterprise has made commitments which are adequate for project
progression. The pipeline is expected to be commissioned in 2014
and the partnership continues to receive attention from prospective
shippers.
The supplemental binding open commitment period which started on
Apr 15 and conclude on May 9, 2013 will support only those who have
shown appropriate interest in execution of long-term transportation
agreements.
The final design of the pipeline, which comprises capacity and
delivery points, will be determined on the completion of
negotiation of the binding agreements at the end of the
supplemental binding open commitment period.
We believe EPD remains a core holding in the master limited
partnership portfolio with focus on projects that generate stable
cash flow and contribute to its integrated value chain. While EPD
increased its cash flow distribution by 6.5% in the fourth quarter,
it also deployed cash in various fee-based development projects
that will likely generate operating cash flow to support its future
distribution growth.
Enterprise holds a Zacks Rank #3, which is equivalent to short-term
Hold rating. However, Zacks Ranked #1 Range Resources
Corporation (RRC), EPL Oil & Gas, Inc
(EPL) and Stone Energy Corp (SGY) are expected to
outperform the market over the next few months.
ENTERPRISE PROD (EPD): Free Stock Analysis Report
EPL OIL&GAS INC (EPL): Free Stock Analysis Report
RANGE RESOURCES (RRC): Free Stock Analysis Report
STONE ENERGY CP (SGY): Free Stock Analysis Report
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