From lede at Google; paid
subscription might be required for full story, but the link worked for me:
We found two exploration companies, SM and EOG, and two MLPs, NGLS and TRGP, poised to reward investors over the coming year.
At the link when it worked:
SM's $1.5 billion spending plan for 2013 is focused on developing
productive resources in the Eagle Ford Shale in Texas, the Bakken/Three
Forks in North Dakota, and emerging-oil formations in the Permian Basin
in Texas. In the Eagle Ford, with construction of new pipelines and
processing facilities planned, and a partnership with well-funded Anadarko Petroleum, production should grow by nearly 20% this year ...
A larger exploration name that also should benefit from the domestic shift to oil and liquids projects: EOG Resources , once part of Enron. While its natural-gas reserves are
significant, it invested early and at a low cost in the Eagle Ford and
has considerable oil acreage there.
"This is a stock that could
easily appreciate 20% a year for several years because of the
investments they have made," .... "At some point, the market will price it appropriately."
While
EOG shares have risen 21% over the past 12 months, outperforming many
E&Ps, Capital One Southcoast believes shares can jump another 18% to
$148.
Also, this, which I had forgotten about but posted earlier:
Targa
is in the growing business of gathering and processing natural-gas
liquids, mostly in West Texas and along the Gulf of Mexico coast. And
Targa recently announced a $950 million acquisition in the Bakken Shale,
which adds a crude oil pipeline and terminal system, as well as
natural-gas gathering and processing assets. [See Million Dollar Way, November 16, 2012]
Gregory Reid, the senior portfolio manager at MLP-focused Salient Partners, likes Targa Resources Partners, which could boost distributions by 10% to 12% this year, strengthening its already attractive 6.7% yield.
Disclaimer: this is not an investment site. These are not recommendations.
http://www.startribune.com/business/187528731.html?refer=y
ReplyDeleteThank you. Great story. It really is quite incredible, isn't it?
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