Citi Reiterates a 'Buy' Rating on Pioneer Southwest Energy Partners (PSE), Remains a Top Pick
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Citi reiterates a 'Buy' rating on Pioneer Southwest Energy Partners L.P. (NYSE: PSE), Remains a Top Pick. Price target $24.50.
Citi analyst says, "Since the May '08 IPO, our thesis for PSE has remained one based on "growth through acquisitions", allowing PSE to produce meaningful distribution growth in the medium term through accretive acquisitions. To that point, management indicated in a recent press release and on a call with analysts that it was in the process of evaluating a drop down from the parent of up to $200 million of producing assets to the MLP."
Pioneer Southwest Energy Partners L.P. is a limited partnership formed to own and acquire producing oil and gas properties.
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