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Is Kinder Morgan Moving Closer To A Dividend Increase?
Thursday, October 20, 2016 - 10:23am | 391Read More...Analyzing the third-quarter results of Kinder Morgan Inc (NYSE: KMI), Goldman Sachs said the company may be moving closer to a dividend increase. 3Q Results Analyst Theodore Durbin noted that the company reported third-quarter adjusted EBITDA of $1.77 billion, in line with the consensus estimate...
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Goldman On Midstream Group: Upgrades 4, Downgrades One
Monday, September 19, 2016 - 9:34am | 516Read More...Goldman Sachs Group upgraded its coverage on Midstreams from Neutral to Attractive, citing improved fundamentals. Analysts Theodore Durbin and Jerren Holde see return of volume growth in 2017 and further growth in NGL, oil and natural gas helping to generate increased margin. The brokerage picked...
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Goldman Sachs Weighs In On Enbridge-Spectra Deal
Thursday, September 8, 2016 - 9:15am | 393Read More...On Tuesday, Enbridge Inc (USA) (NYSE: ENB) announced it had entered into an agreement to acquire Spectra Energy Corp. (NYSE: SE) in an all-stock deal. Goldman Sachs’ Theodore Durbin upgraded the rating on Enbridge from Neutral to Buy, while raising the price target from $43 to $48. Durbin...
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Williams Companies Dividend Cut More Severe Than Expected, But Goldman Says Buy On Weakness
Tuesday, August 2, 2016 - 12:02pm | 379Read More...Williams Companies Inc (NYSE: WMB) reported its 2Q16 results relatively in line with expectations after Monday's market close. Results Goldman Sachs’ Theodore Durbin mentioned that the EBITDA for Williams Partners LP (NYSE: WPZ) of $1,065 million came in just below the estimate and the...
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Goldman Downgrades Enbridge Energy Partners To Sell, Enbridge Inc To Neutral
Wednesday, July 20, 2016 - 10:35am | 348Read More...Goldman has downgraded Enbridge Energy Partners, L.P. (NYSE: EEP) to Sell and Enbridge Inc (USA) (NYSE: ENB) to Neutral due to project delays, more challenging fundamentals in the Bakken and oil sands regions, and increasingly strained financials. "From an operational standpoint, we note regulatory...
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Goldman Bullish On TransCanada, Neutral On Others In The Complex
Wednesday, July 20, 2016 - 8:39am | 493Read More...On July 1, TransCanada Corporation (USA) (NYSE: TRP) completed its acquisition of Columbia Pipeline Group Inc (NYSE: CPGX). Goldman Sachs’ Theodore Durbin reinstated coverage of the TransCanada complex. TransCanada TransCanada has been given a Buy rating and price targets of C$70 and US...
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Goldman Says Williams Cos. Dividend Cut Is Priced In, Reinstates At Buy
Wednesday, July 13, 2016 - 9:24am | 264Read More...Williams Companies Inc (NYSE: WMB) shares offer a “compelling opportunity,” in view of the company’s robust fundamentals and relatively inexpensive valuation, Goldman Sachs’ Theodore Durbin said in a report. He reinstated coverage of the company with a Buy rating and a...
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Goldman Reinstates Energy Transfer Equity At Neutral
Wednesday, July 13, 2016 - 8:24am | 190Read More...While Energy Transfer Equity LP (NYSE: ETE) has solid fundamentals, these are already baked into the share price, Goldman Sachs’ Theodore Durbin said in a report. He reinstated coverage of the company with a Neutral rating and a price target of $17. Positives Energy Transfer Equity...
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Goldman Sachs Weighs In On Williams, Energy Transfer Merger
Monday, June 27, 2016 - 8:12am | 176Read More...In the lawsuit between Williams Companies Inc (NYSE: WMB) and Energy Transfer Equity LP (NYSE: ETE), the trial judge gave a decision on Friday wherein the merger between the two companies would not be tax free. Therefore, and therefore Energy Transfer Equity is contractually entitled to terminate...
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Goldman Downgrades CQP, SMLP, WGP To Neutral, NGL To Sell
Friday, March 11, 2016 - 11:21am | 539Read More...Goldman Sachs’ Theodore Durbin maintained a Neutral coverage view on the Midstream/MLP sector, while saying that there were sufficient near- to medium-term fundamental and financial risks that are likely to keep stocks range-bound, despite their attractive relative valuation. “Our...
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Kinder Morgan Slashes Dividend = More Pain Coming For Midstream Stocks?
Wednesday, December 9, 2015 - 11:08am | 903Read More...Shares of Kinder Morgan Inc (NYSE: KMI) have fallen more than 60 percent year-to-date, amid the weakened commodity environment. The latest blow to Kinder Morgan investors occurred on Tuesday when the company's Board of Directors slashed its dividend by around 75 percent to an annualized...
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Goldman Downgrades Oil Sector With Lower Oil Outlook
Friday, September 11, 2015 - 9:49am | 342Read More...Year to date, the Energy Select Sector SPDR (NYSE: XLE) has declined 19.2 percent. Goldman Sachs lowered its price target on 2016 WTI Crude Oil from $57 to $45 and simultaneously cut its outlook for midstream energy coverage from Attractive to Neutral. Goldman's Theodore Durbin said...
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Goldman Sachs Doesn't Like Long-Term Oil Investments
Wednesday, May 20, 2015 - 12:15pm | 545Read More...Goldman Sachs has downgraded its outlook on the oil sector from Neutral to Cautious in light of the deceleration of oil prices. Downgrades include Linn Energy LLC (NASDAQ: LINE), Murphy Oil Corporation (NYSE: MUR), and Chevron Corporation (NYSE: CVX) among others. Oil prices began to fall...
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UPDATE: Goldman Sachs Downgrades AGL Resources as Valuation is Too Rich Relative to Slow Growth
Monday, December 2, 2013 - 11:36am | 158Read More...In a report published Monday, Goldman Sachs analyst Theodore Durbin downgraded the rating on AGL Resources (NYSE: GAS) from Neutral to Sell, and lowered the price target from $44.00 to $43.00. In the report, Goldman Sachs noted, “We downgrade GAS to Sell from Neutral, with 8% downside to our $43...
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UPDATE: Goldman Sachs Upgrades OneOk Partners, Maintains OneOk Inc On Investment In Bakken NGL Midstream Projects
Wednesday, November 20, 2013 - 8:50am | 231Read More...In a report published Wednesday, Goldman Sachs analyst Theodore Durbin upgraded OneOk Partners (NYSE: OKS) from a Sell rating to a Neutral rating and raised the the price target from $55.00 to $57.00 and remained a Neutral rating on OneOk Inc (NYSE: OKE) and raised the price target from $58.00 to $...
