ssuaphoto
Since my initial bullish write-up on Crestwood Equity (CEQP) back in mid-February, the stock hasn’t done much of anything. Let's take a closer look at what’s been going on with the name.
Q1 Results
CEQP reported its Q1
Crestwood Equity Partners Remains On Track Despite Bakken Weather Impact
Summary
- Crestwood remains on track, despite some Bakken volume issues, due to harsh winter weather.
- The company has transformed itself over the years, and is now focused on its core positions in the Bakken and Permian.
- With an over 10% yield, the stock looks very attractive for income-oriented investors.
Former Senior Equity Analyst at $600M long-short hedge fund Raging Capital.
Analyst’s Disclosure:I/we have a beneficial long position in the shares of CEQP either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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