Posts for Ticker ‘BGH’

Buckeye Offers More Units (BPL, BGH)

money-stack-image57Pipeline master limited partnership Buckeye Partners, L.P. (NYSE:BPL) is offering 2.6 million new common units at a price of $36.25/unit. The number of units offered was raised from an initial 2.35 million units.
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Posted on: March 26, 2009 – 9:17 am in Oil & Gas, Secondary Offering, ,

Early Bird Analyst Downgrades (ADCT, ACL, AMMD, BGH, CNB, CNW, ERTS, FCX, NAT, OSG, PCU, STM)

Down_arrow_redThese are some of the top analyst downgrades we are seeing from Wall Street firms this Thursday morning with more than two hours to the open:

  • ADC Telecommunications (ADCT) Cut to Underweight from Overweight at JPMorgan.
  • Alcon (ACL) Cut to Neutral from Overweight at JPMorgan.
  • American Medical Systems (AMMD) Cut to Market Weight at Thomas Weisel.
  • Buckeye Group Holdings LP (BGH) Cut to Neutral at Goldman Sachs.
  • Colonial Bancgroup Inc. (CNB) Cut to Neutral at JPMorgan.
  • Con-Way,Iinc (CNW) Cut to Neutral at Baird.
  • Electronic Arts (ERTS) Cut to Sell at S&P Equity Research.
  • Freeport-McMoRan (FCX) Cut to Neutral from Buy at Goldman Sachs.
  • Nordic American Tanker (NAT) Cut to Neutral at JPMorgan.
  • Overseas Shipholding (OSG) Cut to Neutral at JPMorgan.
  • Souhern Copper (PCU) Cut to Sell at Goldman Sachs.
  • STMicroelectronics (STM) Cut to Hold at S&P Equity Research.

Jon C. Ogg
October 23, 2008

Posted on: October 23, 2008 – 6:30 am in Analyst Calls, , , , , , , , , , , ,

Energy Watch Part IV: Pipelines (DPM, BGH, APL, AHD, EPD, KMP)

Oil_gas_pipeline_pic_3Just looking at the drop in price for common units of pipeline master limited partnerships could lead one to believe the midstream business is going to hell in a handbasket. DPC Midstream Partners (NYSE:DPM) is down 48% from its 52-week high, Buckeye GP Holdings (NYSE:BGH) is down 44%, Atlas Pipeline Partners (NYSE:APL) is down 32%, and Atlas Pipeline Holdings (NYSE:AHD) is down 30%. Even the two largest companies are lower — Enterprise Products Partners is down 12% and Kinder Morgan (NYSE:KMP) is off 6%.

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Posted on: August 19, 2008 – 9:11 am in Oil & Gas, , , , , ,