cone midstream partners Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : cone midstream partners

CNXM 9.160

0.0%

Sep 29 5:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Next 10PreviousNext

From: robert b furman	2/28/2016 2:07:46 PM
	Read Replies (1) of 17

Cone midstream pipelines is situated in the Marcellus shale gas zones And the Dry Utice gas zones. They have very little debt and a captive market of adding complete drilled zones to their pipelines. They have continued increased profitability even as the price of natural gas has declined in the face of an unusually warm winter and high reserves stored. They stated they can grow in the next two years from internally generated fund - thus keeping their debt unusually low vs peers. Here's another post that supports there is a need for greater pipeline to capture the growing demand for natural gas in electrical generation ,exports to Mexico AND JUST THIS WEEK THE FIRST SHIPMENT OF EXPORTED CNG FROM CHENIERE. Cramer: Are we over-pipelined? Braziel: Depends. For crude oil the answer is generally yes. A lot of pipelines have been built out of the major shale basins in anticipation of volume growth that probably won't happen for a long time to come, if ever. But there are some exceptions where more crude pipes are still needed. And remember, most of the midstream companies building these pipes have firm transportation commitments from their shippers, so it is the producer left holding the bag, not the midstream company. For gas, the answer is definitely "no" in Appalachia and New England. The Marcellus and Utica need a lot more take-away capacity and New England needs more supply. A huge number of new pipeline projects are being developed to get gas out of Appalachia. We'll have to see whether that region eventually gets overbuilt in a few years.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Next 10PreviousNext