Oppenheimer Initiates Coverage On A Variety Of MLP's (BWP, EEP, EPB, EPD, ETP, MMP, OKS, PAA, RGNC, SEP)
Oppenheimer & Co. is initiating coverage on the master limited partnership (MLP) sector. In the report, Oppenheimer covers Boardwalk Pipeline Partners (NYSE: BWP), Enbridge Energy Partners (NYSE: EEP), El Paso Pipeline Partners (NYSE: EPB), Enterprise Products Partners (NYSE: EPD), Energy Transfer Partners (NYSE: ETP), Magellan Midstream Partners (NYSE: MMP), ONEOK Partners (NYSE: OKS), Plains All American Pipeline (NYSE: PAA), Regency Energy Partners (NASDAQ: RGNC), and Spectra Energy Partners (NYSE: SEP).
It lists EPB, EPD, MMP, OKS, PAA and RGNC at Outperform and the others at Perform.
Oppenheimer says about ONEOK Partners, "We are initiating coverage of ONEOK Partners, a midstream natural gas company, with an Outperform & $80 tgt. We believe that natural gas will gain share as a fuel source due to its abundance and clean-burning nature & OKS has a very attractive set of organic growth projects focused on Bakken NGL infrastructure. Bottom Line: We initiate with an Outperform as growth should come from the development of Bakken infrastructure."
Shares of Oneok are down 66 cents to $68.74 today.
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