Niska Gas Storage (NKA -1.9%) is cut to Sell at Goldman, which cites prevailing low natural gas...


Niska Gas Storage (NKA -1.9%) is cut to Sell at Goldman, which cites prevailing low natural gas prices and summer-winter spreads, which have led to lower re-contracting rates and optimization margins; a high debt level, which is pressuring distributable cash flow; and continued suspension of distributions on its subordinated units, with the risk of a distribution cut on its common units.

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