Monday, November 30, 2015

Miscellaneous Monday Night Notes -- November 30, 2015

Enbridge buys another small wind farm; Enbridge is tracked here. Works out to about $2 million / MW, wind.


From MarketWatch:
Kinder Morgan Inc, and Brookfield Infrastructure Partners LP said Monday they will jointly acquire a 53% equity interest in Myria Holdings Inc.'s Natural Gas Pipeline Company of America LLC, or NGPL, for $242 million. Kinder Morgan will pay about $136 million and increase its ownership interest to 50% from 20%. Brookfield will pay about $106 million and increase its ownership interest to 50% from 27%. The deal values NGPL at about $3.4 billion including debt. NGPL, operated by Kinder Morgan, is one of the largest interstate pipeline system in the U.S., with about 9,200 miles of pipeline. 
$242 million / 53% of 9,200 miles = $50,000 / mile?


Update on Hess, per Zacks:
Hess is undergoing a transition from an integrated oil and gas company to a predominantly exploration and production entity, thereby shifting its growth approach from high-impact exploration to low-risk unconventionals, and a smaller, more focused exploration portfolio. The company divested its downstream businesses that included energy marketing, terminals, retail marketing and refining operations. In view of the global economic slowdown and new refining capacity entering the world market, the aforesaid decisions will help enhance Hess’ shareholder value.
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