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Columbia Pipeline jumps 20% on first day of trade

Feb. 06, 2015 1:58 PM ETColumbia Pipeline Partners LP (CPPL) StockNI, CPPLBy: Carl Surran, SA News Editor6 Comments
  • Columbia Pipeline Partners (NYSE:CPPL), the first MLP to go public this year, is off to a great start, rising ~20% to climb above $28/share compared with its issue price of $23.
  • Formed by NiSource (NYSE:NI), Columbia Pipeline transports natural gas rather than oil; while prices of both oil and gas have fallen in the past several months, the price of oil has fallen much more steeply.
  • "Columbia pipeline has been around decades. Everyone knows it, everyone knows where they are and what they do,” says one research analyst.

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