NEW YORK, October 13, 2016 /PRNewswire/ --
At around 8:15 a.m. ET on Wednesday, October 12, 2016, WTI stood
around $51.00 a barrel, while Brent lingered around $52.65 a barrel.
Today, Stock-Callers.com reviews four Oil and Gas Pipelines equities to see how the aforementioned figures have affected their
performances at the closing bell: Energy Transfer Partners L.P. (NYSE: ETP), Sunoco Logistics Partners L.P. (NYSE: SXL),
TransCanada Corp. (NYSE: TRP), and SemGroup Corp. (NYSE: SEMG). Learn more about these stocks by downloading their comprehensive
and free reports at:
http://stock-callers.com/registration
Energy Transfer Partners
Shares in Dallas, Texas-based Energy Transfer Partners L.P. ended Wednesday's session at
$36.17, which was a slight decline of 0.99%. The stock recorded a trading volume of 2.17 million
shares. The Company's shares have gained 1.01% in the last one month and 17.94% on an YTD basis. The stock is trading 8.54% above
its 200-day moving average. Moreover, shares of Energy Transfer Partners, which engages in the natural gas midstream, and
intrastate transportation and storage businesses in the US, have a Relative Strength Index (RSI) of 40.54.
On September 30th, 2016, research firm Mizuho initiated a 'Buy' rating on the
Company's stock, issuing a target price of $45 per share. ETP complete research report is just a
click away and free at:
http://stock-callers.com/registration/?symbol=ETP
Sunoco Logistics Partners
Newtown Square, Pennsylvania-based Sunoco Logistics Partners L.P.'s stock dropped 2.11%,
closing the day at $26.90 with a total trading volume of 1.16 million shares. The company's shares
have advanced 10.65% since the start of this year. The stock is trading 3.66% above its 200-day moving average. Additionally,
shares of Sunoco Logistics Partners, which transports, terminals, and stores crude oil, refined products, and natural gas
liquids, have an RSI of 38.22.
On September 30th, 2016, research firm Mizuho initiated a 'Neutral' rating on the
Company's stock, issuing a target price of $30 per share.
As per a note filed with the SEC on October 04th, 2016, Sunoco Logistics Partners
L.P. entered into an underwriting agreement on September 26th, 2016, with Barclays
Capital Inc., as sole underwriter, pursuant to which the Partnership issued and sold 21,000,000 common units representing limited
partner interests in the Partnership in an underwritten public offering. Pursuant to the Underwriting Agreement, the Partnership
granted the Underwriter a 30-day option to purchase up to 3,150,000 additional Common Units. On September
29th, 2016, the Underwriter exercised the Over-allotment Option in full. The complimentary report on SXL can be
downloaded at:
http://stock-callers.com/registration/?symbol=SXL
TransCanada
On Wednesday, shares in Calgary, Canada headquartered TransCanada Corp. recorded a trading
volume of 703,457 shares. The stock ended the day 1.05% higher at $46.14. The Company's shares have
gained 1.05% in the past month and 45.94% on an YTD basis. The stock is trading above its 200-day moving average by 14.14%.
Furthermore, shares of TransCanada, which operates as an energy infrastructure company in North
America, have an RSI of 44.26.
On September 26th, 2016, TransCanada announced that its wholly-owned subsidiary,
Columbia Pipeline Group, Inc. has offered to acquire, for cash, all of the 53,843,466 outstanding common units of the master
limited partnership, Columbia Pipeline Partners, LP (CPPL) at a price of US$15.75 per common unit.
The offer price represents an 11.3% premium to the 30 day average closing price on September
23rd, 2016. If an agreement is reached and such terms are ultimately approved by each of the TransCanada,
Columbia and CPPL boards of directors, the transaction will also require approval by a majority
of the CPPL common unit-holders. Sign up for your complimentary research report on TRP at:
http://stock-callers.com/registration/?symbol=TRP
SemGroup
Tulsa, Oklahoma headquartered SemGroup Corp.'s stock rose 2.54%, finishing yesterday's
session at $33.54, with a total trading volume of 689,467 shares. The Company's shares have
advanced 16.22% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 4.19% and 21.83%,
respectively. Additionally, shares of SemGroup, which provides gathering, transportation, storage, distribution, marketing, and
other midstream services for producers, refiners of petroleum products, and other market participants, have an RSI of 51.21.
On October 11th, 2016, SemCAMS, a subsidiary of SemGroup, announced that it has
entered into an agreement with NuVista Energy Ltd. to proceed with a project that will include the processing of up to 120 MMcf/d
of sour gas at a new gas plant SemCAMS will build in the Wapiti area of Alberta. Construction on
the project is expected to begin in Q2 2017, and the total project cost estimate is approximately C$300
million to C$350 million. The Wapiti Gas Plant, licensed by the Alberta Energy Regulator in August, will have the capacity
to process up to 200 MMcf/d of raw sour gas and 20,000 barrels per day of condensate. Get free access to your research report on
SEMG at:
http://stock-callers.com/registration/?symbol=SEMG
--
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