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at CNBC.com (Oct 29, 2014)
- DM, a growth-oriented LP, formed by Dominion to hold all current preferred equity interests of Dominion Cove Point, scheduled an upcoming IPO.
- Cove Point generates considerable revenue and earnings from annual payments under storage, regasification and transportation contracts with Royal Dutch Shell, BP, Statoil and others.
- Despite concerns about energy sector weaknesses of late, DM boasts profitability, a strong and lengthy list of underwriters, and projected growth and expansion in its business.
- We suggest investors consider buying in.
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Fri, Nov. 28, 10:20 AM| 17 Comments
DM vs. ETF Alternatives
Dominion Midstream Partners LP owns liquefied natural gas import, storage, regasification and transportation assets. Its operations currently consist of LNG import and storage services and the transportation of domestic natural gas and regasified LNG.
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