Thu, Jul. 31, 8:58 AM
Fri, May. 2, 7:43 AM
- Niska Gas Storage (NKA) signs a storage services agreement with TransCanada, its largest volumetric customer, replacing a previous agreement which contained an option to terminate effective April 1, 2015.
- The new agreement provides for an initial capacity of ~40B cf, which will be reduced to 20B cf in 2017.
- NKA +1.5% premarket.
Fri, Apr. 11, 2:34 PM
- "The best MLP you've never heard of" is Niska Gas Storage Partners (NKA +3.5%), according to a favorable profile by StreetAuthority's Daniel Cross, who says NKA stands out with a price-to-free cash flow ratio of ~14 while vs. a negative average for the industry, and a 9.6% dividend yield.
- This strength gives NKA the ability to make acquisitions and capital expenditures to grow at a much faster pace than other utility companies, Cross writes.
- Competitors such as Buckeye Partners (BPL) and TransCanada (TRP) also should also benefit from the rising tide in natural gas production since both companies trade at roughly NKA's P/E, but neither offers NKA's potential for double digit growth, according to Cross.
Fri, Mar. 28, 5:32 PM
- Citi analysts suggest five core holdings among MLPs and upgrade two other names to Buy, expecting growing U.S. hydrocarbon production that requires more infrastructure and improving prices for natural gas liquids.
- Citi forecasts a 10% total return by the entire MLP sector during the next 12 months.
- The firm's core recommendations: Williams Energy Partners (WPZ), Cheniere Energy Partners (CQP), Enterprise Product Partners (EPD), Northern Tier Energy Partners (NTI), Boardwalk Pipeline Partners (BWP).
- Upgrades to Buy from Neutral: Tallgrass Energy Partners (TEP), El Paso Pipeline Partners (EPB).
- Upgrades to Neutral from Sell: Niska Gas Storage (NKA), TC Pipelines (TCP).
- Downgrades to Neutral from Buy: Genesis Energy (GEL), Rose Rock Midstream (RRMS).
- ETFs: AMLP, AMJ, MLPL, YMLP, MLPI, MLPA, ENY, MLPN, MLPG, EMLP, MLPS, MLPX, MLPY, MLPJ, AMU, YMLI, ATMP, ZMLP, MLPW, IMLP, ENFR, MLPC
Tue, Feb. 11, 3:12 PM
- Boardwalk Pipeline Partners (BWP +7.1%) lost nearly half its value yesterday after slashing its payout by more than 80%, but some analysts see a buying opportunity amid the carnage.
- Citigroup upgrades shares to Buy from Neutral, urging value investors to note the severity of yesterday’s move relative to where other midstream MLPs trade on a cash flow multiple basis; the firm figures BWP trades at 10.3x 2015 EBITDA and 9.4x 2016 EBITDA, more favorable than other midstream MLPs with similar challenges such as TC Pipelines (TCP) and Niska Gas Storage Partners (NKA).
- Given the weaker outlook, Morgan Stanley says BWP/Loews (L) made the wisest choice to substantially reduce the distribution rate while remaining able to fund the capital plan internally, preserving maximum value.
- Deutsche Bank is staying away, however, maintaining its Sell rating with a $12 price target (from $20), expecting a longer, slower restoration of distribution.
Mon, Feb. 10, 12:45 PM
Oct. 31, 2013, 10:27 AM
Aug. 1, 2013, 12:19 PM
May. 9, 2013, 9:26 AM
Apr. 16, 2013, 9:50 AMCiti's John Tysseland downgrades several MLPs, seeing margin compression for some crude-exposed stocks and uncertainty in margins and transportation fees for natural gas storage-exposed names. Crude-related RRMS and SXL are cut to Neutral; gas-related PNG and SEP are lowered to Neutral, while NKA and TCP are slashed to Sell. | Comment!
Apr. 3, 2013, 9:23 AMNiska Gas Storage (NKA) +3.9% premarket after announcing an equity restructuring eliminating its subordinated units which accounted for 50% of units outstanding. Stifel Nicolaus upgrades shares to Buy from Hold, believing the change in the capital structure places NKA in a position to begin growing its distribution. Since coming public in May 2010, NKA has paid only the minimum quarterly distribution. | Comment!
Nov. 5, 2012, 9:41 AMNiska 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. | Comment!
Oct. 31, 2012, 9:20 AM
Jun. 12, 2012, 10:34 AM
Aug. 11, 2011, 1:05 PM
NKA vs. ETF Alternatives
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