Barclays Maintains an 'Overweight' on Western Gas Partners (WES); Chipeta Tour Highlights
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Price: $48.31 -0.7%
Rating Summary:
14 Buy, 12 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
14 Buy, 12 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Barclays maintains an 'Overweight' on Western Gas Partners (NYSE: WES) price target of $40.00.
Barclays analyst says, "The key takeaway of our trip was the Chipeta plant provides attractive organic expansion opportunities beyond its current expansion, given Anadarko's robust drilling activity in the GNB field. The field is an important resource play for Anadarko, whose well economics should continue to improve with the addition of 300 mmcf/d cryogenic processing capacity current progressing on budget and on target for Aug. 2012 completion. Third party volume, which accounts for 11% of the Chipeta volume, has upside given producers' activities in the Uinta basin and the plant's downstream pipeline access. The Chipeta plant has access to Enterprise's MAPL expansion and Anadarko's equity participation in the recently announced TEP pipeline should facilitate access to the premium Mont Belvieu NGL market."
For more ratings news on Western Gas Partners click here and for the rating history of Western Gas Partners click here.
Shares of Western Gas Partners closed at $32.63 yesterday.
Barclays analyst says, "The key takeaway of our trip was the Chipeta plant provides attractive organic expansion opportunities beyond its current expansion, given Anadarko's robust drilling activity in the GNB field. The field is an important resource play for Anadarko, whose well economics should continue to improve with the addition of 300 mmcf/d cryogenic processing capacity current progressing on budget and on target for Aug. 2012 completion. Third party volume, which accounts for 11% of the Chipeta volume, has upside given producers' activities in the Uinta basin and the plant's downstream pipeline access. The Chipeta plant has access to Enterprise's MAPL expansion and Anadarko's equity participation in the recently announced TEP pipeline should facilitate access to the premium Mont Belvieu NGL market."
For more ratings news on Western Gas Partners click here and for the rating history of Western Gas Partners click here.
Shares of Western Gas Partners closed at $32.63 yesterday.
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