Seeking Alpha

Dominion Resources rises on MLP plans, gas export authorization

  • Any talk of MLPs still excites investors, as shares of Dominion Resources (D +3.5%) surge after the energy producer said earlier today at the Barclays energy conference that it intends to create a master limited partnership by contributing assets with up to $1B-$2B of EBITDA.
  • Yesterday, the Obama administration authorized natural gas exports from Dominion's Cove Point terminal in Maryland; the company sees Cove Point as a key part of the prospective MLP.
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