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Energy

Goldman Sachs Mostly Upbeat on Pipelines (ENB, EPB, SXL, WPZ, NKA)

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By Jon C. Ogg Updated Published
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An analyst call from the oil patch out of Goldman Sachs is being largely discounted or overlooked so far on Monday. The pipeline sector call was not positive for every player seen, but the report did have a much more positive sector bias to it.

Enbridge Inc. (NYSE: ENB) was raised to Buy from Neutral and the price target was raised to $46 for the transportation and distribution of crude oil and natural gas company. What is interesting is that this is close to a street high, as the highest analyst price target appears to be $47.00. even if the consensus target was about $45.30 for Enbridge.

El Paso Pipeline Partners L.P. (NYSE: EPB) received an upgrade to Buy from Neutral. and Sunoco Logistics Partners L.P. (NYSE: SXL) received an upgrade to Buy from Sell. Williams Partners L.P. (NYSE: WPZ) was raised to Buy from Neutral.

The downgrade was in Niska Gas Storage Partners LLC (NYSE: NKA), which was cut to Sell from an already cautious Neutral with only an $11 target, sending shares (or units) down 2.5% to under $12.00.

JON C. OGG

Contact [email protected] for any questions or corrections.

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About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.

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