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Detailed summary of oil and gas pipeline stocks

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World Pipelines, redirects investors' attention back to the oil and gas pipelines space, which is engaged in the transport of fuel through pipelines, often over great distances. Companies in this category usually offer very high dividend yields. Equities in the following lineup are: Enbridge Energy Partners L.P., Frank's International N.V., Magellan Midstream Partners L.P. and Boardwalk Pipeline Partners L.P.

Enbridge Energy

Enbridge Energy Partners L.P.'s stock finished its Thursday 12 January session 0.43% lower at US$25.77 with a total trading volume of 384 201 shares. Over the last month and the previous three months, the company's shares have advanced 7.33% and 0.90%, respectively. Additionally, the stock has gained 1.14% since the start of this year. Shares of the company are trading above their 50 day and 200 day moving averages by 7.27% and 14.58%, respectively. Moreover, shares of Enbridge Energy Partners, which owns and operates a diversified portfolio of crude oil and natural gas transportation systems in the US, have a Relative Strength Index (RSI) of 61.62.

On 15 December 2016, Enbridge Pipelines (Ozark) L.L.C., a subsidiary of Enbridge Energy Partners, announced a binding open season for its proposed expansion of the Enbridge Ozark pipeline (Enbridge Ozark). Enbridge Ozark, which runs from Cushing (Oklahoma) to Wood River (Illinois), proposes to expand the capacity of the pipeline by increasing horsepower at pump stations and adding drag reducing agents to the crude petroleum. The in-service date of the expansion is expected to be during 2Q18.


Shares in Frank's International N.V. rose 1.21%, ending Thursday’s session at US$12.55 with a total trading volume of 629 781 shares. The stock has gained 1.95% on an YTD basis. The company's shares are trading 4.34% above their 50 day moving average. Moreover, shares of Frank's International, which provides various engineered tubular services for the oil and gas exploration and production companies in the US and internationally, have an RSI of 56.38.

On 16 December 2016, research firm RBC Capital Markets downgraded the Company's stock rating from 'Sector Perform' to 'Underperform' while revising its previous target price from US$11 a share to US$14 a share.

Magellan Midstream

On the Thursday, Magellan Midstream Partners L.P.'s stock saw a slight drop of 0.27%, to close the day at US$73.79. A total volume of 418 066 shares was traded. The company's shares have advanced 2.60% in the last one month and 5.77% in the previous three months. The stock is trading 4.20% above its 50 day moving average and 5.62% above its 200 day moving average. Additionally, shares of Magellan Midstream Partners, which engages in the transportation, storage, and distribution of refined petroleum products and crude oil in the US, have an RSI of 53.01.

On 19 December 2016, research firm Ladenburg Thalmann initiated a 'Buy' rating on the company's stock.

On 4 January 2017, Magellan Midstream Partners announced that it plans to release financial results for 4Q16 before the market opens on 2 February. Management will discuss 4Q16 earnings and annual guidance for FY17 during a conference call with analysts at 1:30 p.m. ET on the same day.

Boardwalk Pipeline

Shares in Boardwalk Pipeline Partners L.P. ended the day 0.93% lower at US$18.07. A total volume of 417 402 shares was traded. The stock has gained 3.67% in the last one month, 7.89% in the previous three months, and 4.09% since the start of this year. The company's shares are trading above their 50 day and 200 day moving averages by 4.78% and 8.13%, respectively. Furthermore, shares of Boardwalk Pipeline Partners, which through its subsidiaries, provides transportation, storage, gathering, and processing services for natural gas, and natural gas liquids and other hydrocarbons in the US, have an RSI of 56.92.

On 5 January, Boardwalk Pipeline Partners announced that its wholly-owned subsidiary, Boardwalk Pipelines, L.P., has priced a public offering of US$500 million aggregate principal amount of 4.450% senior notes due 2027. Boardwalk intends to use the net proceeds of approximately US$494.1 million from this offering for general partnership purposes, which may include, among other things, growth capital expenditures, repayment of future maturities of long-term debt and additions to working capital. Pending such use, Boardwalk intends to temporarily use the proceeds to reduce borrowings under its revolving credit facility.

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