Hints and tips:
...The regional glut has been exacerbated this week by scheduled maintenance on the Kinder Morgan-operated Gulf Coast Express and El Paso Natural Gas pipelines, which carry gas from away from the Permian Basin...
...El Salvador has even adopted it as an official currency....
...“Our 26 percent increase in recurring earnings per diluted share shows the very strong results of our core wholesale and retail energy businesses and our natural gas pipelines,” said Kenneth L....
...True, El Paso Electric is underleveraged; the operating company has only 35 per cent debt in its capital structure. Perhaps there is a reason for that low leverage....
...The bulls will point to a P/B below 1, FY21e EV/EBITDA of 4x and EFCF Yield of 8% as evidence of clear value....
...L’Oréal Sector: cosmetics / HQ: Paris, France Key stat: Online sales jumped 53 per cent in the first quarter....
...Cuvee X1 NV North Coast, £10.95 The Wine Society DeSante, L’Atelier White 2016 Napa Valley, £29.95 Berry Bros & Rudd El Molino, Pagani Ranch Heritage Pinot Noir 2014 Rutherford, £63.95 Berry Bros & Rudd...
...“We are seeing exactly what we hoped to and expected to see the impact of growth on our P&L [profit and loss statement, from lower rates],” she said....
...This is precisely what the Delaware court found in the case of El Paso — determining that, in a 2010 drop down deal, El Paso MLP paid El Paso Corporation $171m too much....
...Specific factors, especially Kinder Morgan’s size (a combined enterprise value of $170bn between Kinder Morgan Incorporated, Kinder Morgan Partners, and El Paso Pipeline Partners) and the “incentive distribution...
...Partners, Kinder Morgan Management and El Paso Pipeline Partners....
...The firm’s revenues surpassed $500m for the first time in its 16-year history, after winning high-profile deals including advising Kinder Morgan on its $37.6bn takeover of El Paso Corp....
...Weekend headlines from the FT and other UK media:* From The FT, - Barclays paid chief’s £5.75 million tax bill - Merchant House says assets of £6 million frozen - El Paso shareholders...
...Banks including Citigroup and Barclays are making similar moves following strong criticism levelled at Goldman by a Delaware judge ruling on a sale of El Paso to Kinder Morgan....
...Getting to Yes by Roger Fisher, William L. Ury and Bruce Patton – a book on negotiation that I really enjoyed in my MBA....
...Shares in oil and gas pipeline company El Paso Corporation soared 24.8 per cent to $24.45 after Kinder-Morgan , a rival pipeline company run by former Enron president Richard Kinder, agreed to buy El Paso...
...Elsewhere, shares in El Paso Corp were up 6.5 per cent to $20.22, the best performing stock on the S&P 500, after the natural gas group announced it intended to separate its exploration and production unit...
...Energy was 1 per cent higher, driven by oil and gas producers....
...That helped lift El Paso , another pipeline owner, by 3.9 per cent to $18....
...El Paso, the pipeline owner, was also up 6.8 per cent, to $12.50. The big focus for traders during the week were tech shares, as top players reported earnings....
...El Paso Corp, which owns the longest US natural gas pipeline network, rallied1.6 per cent to $11.66 on news that Global Infrastructure Partners, an infrastructure fund backed by Credit Suisse and General...
...Eric Guerra, 16, has done two El Paso internships and was most impressed that the company took his input seriously: “El Paso tells us we’re El Paso’s future generation.’’...
...And Mwangura’s reputation is due to grow: Samuel L. Jackson has signed up to play him in a film being made about African piracy....
...The best Australian Grenache to have come my way. £27.95 Winedirect.co.uk Dom Daniel Bocquenet, Aux St-Julien 2006 Nuits-St-Georges 17 Drink 2009-12 Luscious, racy and complete with lots of energy and...
...Ed Crooks FT US industry and energy editor ………………………………………….....
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