Had Samson Oil & Gas Limited (NYSEMKT:SSN) made the late-July surge and subsequent early-August pullback and then gotten stuck in the mud again, I might not even bother taking a look at it. That's not how it happened though. Since the pullback, SSN has perked up again, perhaps not as hot as it was with the initial rally at the end of last month, but more than hot enough to get my attention. I suspect another surge - perhaps a longer-lasting surge - is in the cards.
There's no way to describe the chart of SSN and do it justice. Only an image will do. As you can see, the rally last month was enormous, and decided. Problem is, so was the pullback, which almost brought Samson Oil & Gas Limited shares right back where they started.
Top 10 Warren Buffett Companies To Invest In 2015: CenterPoint Energy Inc (CNP)
CenterPoint Energy, Inc., incorporated on February 2, 2001, is a domestic energy delivery company. The Company�� business segments include Electric Transmission and Distribution, Natural Gas Distribution, Competitive Natural Gas Sales and Services, Interstate Pipelines, Field Services and Other Operations. The Company serves metered customers primarily in Arkansas, Louisiana, Minnesota, Mississippi, Oklahoma and Texas. The company also owns a 58.3% interest in a midstream partnership it jointly controls with OGE Energy Corp. with operations in natural gas and liquids-rich producing areas of Oklahoma, Texas, Arkansas and Louisiana.
The Company is a public utility holding company. The Company�� indirect wholly-owned subsidiaries include CenterPoint Energy Houston Electric, LLC (CenterPoint Houston), which engages in the electric transmission and distribution business in a 5,000-square mile area of the Texas Gulf Coast that includes the city of Houston and CenterPoint Energy Resources Corp. (CERC Corp. and, together with its subsidiaries, CERC), which owns and operates natural gas distribution systems in six states. Subsidiaries of CERC Corp. own interstate natural gas pipelines and gas gathering systems and provide various ancillary services. A wholly owned subsidiary of CERC Corp. offers variable and fixed-price physical natural gas supplies primarily to commercial and industrial customers and electric and gas utilities.
Electric Transmission & Distribution
CenterPoint Houston is a transmission and distribution electric utility that operates wholly within the state of Texas. CenterPoint Houston delivers electricity from power plants to substations, from one substation to another and to retail electric customers taking power at or above 69 kilovolts in locations throughout CenterPoint Houston's certificated service territory. CenterPoint Houston constructs and maintains transmission facilities and provides transmission services under tariffs approved by the Pu! blic Utility Commission of Texas (Texas Utility Commission).
In the Electric Reliability Council of Texas, Inc. (ERCOT), end users purchase their electricity directly from certificated REPs. CenterPoint Houston delivers electricity for REPs in its certificated service area by carrying lower-voltage power from the substation to the retail electric customer. CenterPoint Houston's distribution network receives electricity from the transmission grid through power distribution substations and delivers electricity to end users through distribution feeders. CenterPoint Houston's operations include construction and maintenance of distribution facilities, metering services, outage response services and call center operations. CenterPoint Houston provides distribution services under tariffs approved by the Texas Utility Commission. Texas Utility Commission rules and market protocols govern the commercial operations of distribution companies and other market participants.
CenterPoint Houston is a member of ERCOT. Within ERCOT, prices for wholesale generation and retail electric sales are unregulated, but services provided by transmission and distribution companies, such as CenterPoint Houston, are regulated by the Texas Utility Commission. ERCOT serves as the regional reliability coordinating council for member electric power systems in of Texas. ERCOT membership is open to consumer groups, investor and municipally-owned electric utilities, rural electric cooperatives, independent generators, power marketers, river authorities and REPs. The ERCOT market includes of the State of Texas, other than a portion of the panhandle, portions of the eastern part of the state bordering Arkansas and Louisiana and the area in and around El Paso.
ERCOT market operates under the reliability standards set by the North American Electric Reliability Corporation (NERC) and approved by the Federal Energy Regulatory Commission (FERC). These reliability standards are administered by the Texas Regi! onal Enti! ty (TRE), a functionally independent division of ERCOT. The Texas Utility Commission has primary jurisdiction over the ERCOT market to ensure the adequacy and reliability of electricity supply across the state's main interconnected power transmission grid. The ERCOT independent system operator (ERCOT ISO) is responsible for operating the bulk electric power supply system in the ERCOT market. The ERCOT ISO also serves as agent for procuring ancillary services for those members who elect not to provide their own ancillary services.
CenterPoint Houston's electric transmission business, along with those of other owners of transmission facilities in Texas, supports the operation of the ERCOT ISO. The transmission business has planning, design, construction, operation and maintenance responsibility for the portion of the transmission grid and for the load-serving substations it owns, primarily within its certificated area. CenterPoint Houston participates with the ERCOT ISO and other ERCOT utilities to plan, design, obtain regulatory approval for and construct new transmission lines necessary to increase bulk power transfer capability and to remove existing constraints on the ERCOT transmission grid.
CenterPoint Houston's integrated utility business was restructured in accordance with the Texas electric restructuring law and its generating stations were sold to third parties. CenterPoint Houston serves nearly all of the Houston/Galveston metropolitan area. At December 31, 2012, CenterPoint Houston's customers consisted of approximately 75 REPs, which sell electricity to over two million metered customers in CenterPoint Houston's certificated service area, and municipalities, electric cooperatives and other distribution companies located outside CenterPoint Houston's certificated service area. All of CenterPoint Houston's properties are located in Texas. Its properties consist primarily of high-voltage electric transmission lines and poles, distribution lines, substations, service ce! nters, se! rvice wires and meters.
As of December 31, 2012, CenterPoint Houston owned 28,011 pole miles of overhead distribution lines and 3,713 circuit miles of overhead transmission lines, including 373 circuit miles operated at 69,000 volts, 2,124 circuit miles operated at 138,000 volts and 1,216 circuit miles operated at 345,000 volts. As of December 31, 2012, CenterPoint Houston owned 21,151 circuit miles of underground distribution lines and 26 circuit miles of underground transmission lines, including two circuit miles operated at 69,000 volts and 24 circuit miles operated at 138,000 volts. As of December 31, 2012, CenterPoint Houston owned 233 substation sites having a total installed rated transformer capacity of 54,325 megavolt amperes. CenterPoint Houston operates 14 regional service centers located on a total of 291 acres of land. These service centers consist of office buildings, warehouses and repair facilities that are used in the business of transmitting and distributing electricity.
Natural Gas Distribution
CERC Corp.'s natural gas distribution business (Gas Operations) engages in regulated intrastate natural gas sales to, and natural gas transportation for, approximately 3.3 million residential, commercial and industrial customers in Arkansas, Louisiana, Minnesota, Mississippi, Oklahoma and Texas. The largest metropolitan areas served in each state by Gas Operations are Houston, Texas; Minneapolis, Minnesota; Little Rock, Arkansas; Shreveport, Louisiana; Biloxi, Mississippi; and Lawton, Oklahoma. Gas Operations also provides unregulated services in Minnesota consisting of heating, ventilating and air conditioning (HVAC) equipment and appliance repair, and sales of HVAC, hearth and water heating equipment. Gas Operations actively engages in commodity price stabilization pursuant to annual gas supply plans presented to and/or filed with each of its state regulatory authorities. Gas Operations uses various third-party storage services or owned natural ga! s storage! facilities to meet peak-day requirements and to manage the daily changes in demand due to changes in weather and may also supplement contracted supplies and storage from time to time with stored liquefied natural gas and propane-air plant production.
Gas Operations owns and operates an underground natural gas storage facility with a capacity of seven billion cubic feet It has a working capacity of two billion cubic feet available for use during a normal heating season and a maximum daily withdrawal rate of 50 million cubic feet . It also owns nine propane-air plants with a total production rate of 200,000 Dekatherms per day and on-site storage facilities for 12 million gallons of propane (one billion cubic feet natural gas equivalent). It owns a liquefied natural gas plant facility with a 12 million-gallon liquefied natural gas storage tank (one billion cubic feet natural gas equivalent) and a production rate of 72,000 Dekatherms per day. Gas Operations has entered into various asset management agreements associated with its utility distribution service in Arkansas, Louisiana, Mississippi, Oklahoma and Texas. As of December 31, 2012, Gas Operations owned approximately 72,000 linear miles of natural gas distribution mains, varying in size from one-half inch to 24 inches in diameter. Generally, in each of the cities, towns and rural areas served by Gas Operations, it owns the underground gas mains and service lines, metering and regulating equipment located on customers' premises and the district regulating equipment necessary for pressure maintenance.
Interstate Pipelines
CERC's pipelines business operates interstate natural gas pipelines with gas transmission lines primarily located in Arkansas, Illinois, Louisiana, Missouri, Oklahoma and Texas. CERC's interstate pipeline operations are primarily conducted by two wholly owned subsidiaries that provide gas transportation and storage services primarily to industrial customers and local distribution companies, includ! ing Cente! rPoint Energy Gas Transmission Company, LLC (CEGT) is an interstate pipeline that provides natural gas transportation, natural gas storage and pipeline services to customers principally in Arkansas, Louisiana, Oklahoma and Texas and includes the 1.9 billion cubic feet per day pipeline from Carthage, Texas to Perryville, Louisiana, which CEGT operates as a separate line with a fixed fuel rate, and CenterPoint Energy-Mississippi River Transmission, LLC (MRT) is an interstate pipeline that provides natural gas transportation, natural gas storage and pipeline services to customers principally in Arkansas, Illinois and Missouri. CenterPoint Southeastern Pipelines Holding, LLC, a wholly owned subsidiary of CERC, owns a 50% interest in Southeast Supply Header, LLC (SESH). SESH owns a one billion cubic feet per day, 274-mile interstate pipeline that runs from the Perryville Hub in Louisiana to Coden, Alabama.
Field Services
CERC's field services business operates gas gathering, treating and processing facilities and also provides operating and technical services and remote data monitoring and communication services. CERC's field services operations are conducted by a wholly owned subsidiary, CenterPoint Energy Field Services, LLC (CEFS), and subsidiaries of CEFS. CERC's field services business provides natural gas gathering and processing services for certain natural gas fields in the Mid-continent region of the United States that interconnect with CEGT's and MRT's pipelines, as well as other interstate and intrastate pipelines. As of December 31,2012, CERC's field services business gathered an average of approximately 2.4 billion cubic feet per day of natural gas. In addition, CERC's field services business has the capacity available to treat up to 2.5 billion cubic feet per day and process 625 million cubic feet per day of natural gas. CEFS, through its ServiceStar operating division, provides remote data monitoring and communications services to affiliates and third parties. CERC's ! field ser! vices business owns and operates approximately 4,600 miles of gathering lines and processing plants that collect, treat and process natural gas primarily from three regions located in producing fields in Arkansas, Louisiana, Oklahoma and Texas.
Other Operations
The Company�� other operations business segment includes office buildings and other real estate. It is used in its business operations and other corporate operations that support all of its business operations.
Advisors' Opinion:- [By Robert Rapier]
Last month in Play Ball: More IPOs on Deck, I mentioned that the next master limited partnership to IPO could be Enable Midstream Partners (NYSE: ENBL). Enable Midstream was formed in May 2013 as a joint venture by affiliates of CenterPoint Energy (NYSE: CNP), OGE Energy (NYSE: OGE) and ArcLight Capital Partners.
- [By Sara Murphy]
Mircroturbines are an important distributed generation technology. CenterPoint Energy (NYSE: CNP ) installed its first one in 2000, and now includes microturbines among its offerings to commercial customers. Indeed, CenterPoint is heavily invested in natural gas in general�and would be among the likely beneficiaries of broader natural gas adoption.
Top 10 Electric Utility Stocks To Watch Right Now: Makism 3D Corp (MDDD)
Makism 3D Corp., incorporated on May 4 2010, is a three dimensional (3D) printer manufacturing company. The Company produces consumer and professional grade 3D printers. The Company�� flagship product, branded as the Wideboy family of printers, offers packaging designed to fit any office or professional space.
Its 3D printers utilize British and German engineered components. Its printers are assembled in Cambridge (United Kingdom).
Advisors' Opinion:- [By James E. Brumley]
They say the great ones withstand the test of time. If that's true of stocks (and it is), then it's becoming increasingly safer to say Makism 3D Corp. (OTCMKTS:MDDD) is one of the great ones within the 3D printing world. No, it's neither as big nor as prolific as 3D printer names like 3D Systems Corporation (NYSE:DDD) or Stratasys, Ltd. (NASDAQ:SSYS). Then again, everything is relative; MDDD may well be packing more of a punch for its investors than SSYS or DDD have in a long time.
- [By John Udovich]
Although the subject of a recent market correction,�3D printing and 3D printer stocks like�3D Systems Corporation (NYSE: DDD), Stratasys, Ltd. (NASDAQ: SSYS), ExOne Co (NASDAQ: XONE)�and Makism 3D Corp. (OTCBB: MDDD) largely remain hot, but what strategy should investors and/or traders alike take moving forward? Just consider the following latest news about the 3D printing industry or�3D printer stocks:
- [By James E. Brumley]
All well and good, but for veteran traders, there's something uneasy about the recent swelling of interest in these names... there's too much hype, and not enough substance. Enter another small cap name in the 3D printing race - Makism 3D Corp. (OTCBB:MDDD). It's not throwing any parties for itself, and it's not congratulating itself for achievements that may be a solution to a problem that doesn't actually exist. MDDD is simply on the verge of making a high-quality 3D printer at a very practical price that will appeal to individual consumers as well as businesses.
Top 10 Electric Utility Stocks To Watch Right Now: Freescale Semiconductor Inc (FSL)
Freescale Semiconductor, Ltd. provides embedded processing solutions for automotive, networking, industrial, and consumer markets worldwide. The company�s embedded processor products comprise microcontrollers, such as ultra low power, low end 8-bit, and 32-bit products with on-board flash memory, which provide the digital logic or intelligence for electronic applications; single-and multi-core microprocessors; and applications processors with embedded memory, and special purpose hardware and software for multimedia applications. It also offers wireless connectivity products for low power wireless communications functionality; communications processors that perform tasks related to control and management of digital data, and network interfaces; and radio frequency (RF) devices, which consist of power transistors, amplifiers, receivers, and tuners for amplifying RF signals. In addition, the company provides analog, mixed-signal, and power management integrated circuits (ICs ) that include switches, power management devices, battery and motor control devices, CAN/LIN network transceivers, and signal conditioners that perform audio processing, backlight management/control, power management, and charging functions; sensors comprising pressure, inertial, magnetic, and proximity sensors, which act as an interface between an embedded system and external environment; and cellular products consisting of baseband processors, power management ICs, and RF subsystems. It sells its products to original equipment manufacturers, distributors, original design manufacturers, and contract manufacturers through its direct sales force and distributors. The company was formerly known as Freescale Semiconductor Holdings I, Ltd. and changed its name to Freescale Semiconductor, Ltd. in April 2012. The company was incorporated in 2006 and is headquartered in Austin, Texas. Freescale Semiconductor, Ltd. is a subsidiary of Freescale Holdings L.P.
Advisors' Opinion:- [By Seth Jayson]
Calling all cash flows
When you are trying to buy the market's best stocks, it's worth checking up on your companies' free cash flow once a quarter or so, to see whether it bears any relationship to the net income in the headlines. That's what we do with this series. Today, we're checking in on Freescale Semiconductor (NYSE: FSL ) , whose recent revenue and earnings are plotted below. - [By Ashraf Eassa]
Many technology companies have overhanging lawsuits and, very often, they are dismissed, or have minimal impact. For example, Freescale Semiconductor, (NYSE: FSL ) filed a complaint against Marvell, and then Marvell filed a complaint against Freescale, only to have both complaints dismissed. However, investors may be sensitive to this sort of thing with respect to Marvell given that, unless Marvell can successfully appeal the judgment made against it in the CMU case, it stands to fork over about $1.54 billion in past damages and post-judgment royalties. It would also need to pay ongoing royalties on the sale of hard disk controller chips, although it would probably find a way to design around those patents pretty quickly in this case.�
- [By Alex Planes]
The Internet of Things is about to get a little smaller. Make that a lot smaller -- so small you could put it on a pill and become a thing on the Internet yourself. Freescale Semiconductor (NYSE: FSL ) unveiled a new ARM Holdings (NASDAQ: ARMH ) -based microcontroller chip last month, dubbed the Kinetis KL02, that has everything necessary on board to produce, track, record, and analyze the essential information that device creators might need in a package smaller than your pinky toenail. That's it over to the left -- all 1.9 millimeters by 2 millimeters of it.
- [By Evan Niu, CFA]
What: Shares of Freescale (NYSE: FSL ) have skyrocketed today by upwards of 12% after the semiconductor specialist posted first-quarter earnings results.
Top 10 Electric Utility Stocks To Watch Right Now: China Mobile Games and Entertainment Group Ltd (CMGE)
China Mobile Games and Entertainment Group Limited, incorporated on January 20, 2011, is a holding company. The Company is engaged in the development, operation and sale of feature phone and smartphone games, as well as the provision of handset design products and services. The Company operates in three segments: feature phone games, smartphone games and handset design. As of December 31, 2011, it was a subsidiary of VODone Limited.
CMGEconducts its primary business operations through its subsidiaries and a variable interest entity (VIE). Kangri Yingxiong Zhuan is a single-player smartphone game, which was launched during the year ended December 31, 2011.Paopao Xiyou, YY Three Kingdoms, Thumb Monopoly and Creation Song are its smartphone mobile social games. Xiao'ao Jianghu is its internally-developed feature phone mobile social game. The Company has a diversified portfolio of games for feature phones and smartphones. As of March 31, 2012, the Company�� portfolio included 450 mobile games, of which 130 of its 136 feature phone games were developed in-house; it licensed 302 of its 314 smartphone games from third parties and it developed its smartphone mobile social games in-house.
On February 14, 2012, the Company established four wholly owned subsidiaries, which included HYD Holding Limited, OWX Group Limited, OWX Development Limited and 3GUU Holding Limited. On March 23, 2012, CMGE transferred all of the interests in Beauty Wave Limited (Beauty Wave) and China Wave Group Limited (China Wave) to HYD Holding Limited; transferred all of the interests in OWX Hong Kong Limited (OWX HK) to OWX Development Limited, and transferred all of the interest in 3GUU Mobile Entertainment Industrial Co. Ltd. (3GUU BVI) to 3GUU Holding Limited.
The Company generates feature phone games revenues principally from the sale of in-game features of mobile phone games on feature phones. The Company generates smartphone game revenues from the sale of in-game premium features of mobile ! social games that it develops in-house, as well as from the sale of single-player games on smartphones that it develops in-house and license or acquire. CMGE operates mobile social games and single-player games under a free-to-play model and a subscription-based model, respectively. The Company contracts with third-party payment platforms for billing, collection and transmission services offered to mobile phone game players who have purchased game points. It also contracts with mobile application and software Websites to distribute its mobile social games by providing platforms for mobile phone game players to download such games.
CMGE generates handset design revenues from the provision of handset design solutions to mobile phone manufacturers and mobile phone content providers. Handset design solutions include operating system software and hardware design with one-year post-contract customer support (PCS) service; printed circuit board with operating system software and optional assembly service, and mobile phone contents installation service. Operating system software and hardware designs with PCS services are provided to mobile phone manufacturers for either a fixed fee or a variable fee based on the units of production by the mobile phone manufacturers at a prescribed unit price. Printed circuit boards with operating system software are sold to mobile phone manufacturers for a fixed unit price. Mobile phone contents installation services are rendered to mobile phone content providers for a prescribed percentage of the mobile phone content providers' net profits.
Advisors' Opinion:- [By Laura Brodbeck]
Monday
Earnings Releases Expected: Urban Outfitters (NASDAQ: URBN), China Mobile Games & Entertainment (NASDAQ: CMGE) Economic Releases Expected: Hong Kong unemployment rate, New Zealand’s PPITuesday
- [By Monica Gerson]
China Mobile Games and Entertainment Group (NASDAQ: CMGE) is projected to report its Q2 earnings at $0.21 per share on revenue of $43.60 million.
Rediff.com India (NASDAQ: REDF) is estimated to report its Q1 earnings.
Top 10 Electric Utility Stocks To Watch Right Now: Niska Gas Storage Partners LLC (NKA)
Niska Gas Storage Partners LLC owns and operates natural gas storage assets in North America. It owns or contracts for approximately 185.5 billion cubic feet of total gas storage capacity. The company owns and operates gas storage facilities in Alberta, Canada, as well as in northern California and Oklahoma, the United States. Its gas storage customers include financial institutions, producers, marketers, power generators, pipelines, and municipalities. The company was founded in 2006 and is headquartered in Houston, Texas.
Advisors' Opinion:- [By Seth Jayson]
Niska Gas Storage Partners (NYSE: NKA ) is expected to report Q1 earnings on Aug. 1. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Niska Gas Storage Partners's revenues will contract -1908.0% and EPS will contract -9.5%.
Top 10 Electric Utility Stocks To Watch Right Now: Dejour Energy Inc (DEJ)
Dejour Energy Inc. is engaged in the business of acquiring, exploring and developing energy projects with a focus on oil and gas exploration in Canada and the United States. The Company holds approximately 113,000 net acres of oil and gas leases in the Peace River Arch of northwestern British Columbia and northeastern Alberta, Canada and the Piceance, Paradox and Uinta Basins in the United States Rocky Mountains. The Company has 71.43% working interest in this 3,014 acre (gross) project located south of Roan Creek. The Company also has 71.43% working interest in this 18,000 acre (gross) project located north of the Rangely Field, is prospective for oil in the Lower Mancos (Niobrara), Dakota, Morrison and Phosphoria formations. Advisors' Opinion:- [By CRWE]
Vancouver, BC, Dec. 16, 2013 — (CRWE Press Release) — Dejour Energy Inc. (NYSE MKT:DEJ) (TSX:DEJ), an independent oil and natural gas exploration and production company operating in North America’s Piceance Basin and Peace River Arch regions, today announces that it has signed a Letter of Intent to create a strategic joint venture partnership with a private Singapore based energy company (��ECO�� to develop the company�� Colorado oil and gas assets.
Upon completion of due diligence, legal documentation and requisite approvals expected prior to January 31, 2014, SECO will invest an initial sum of up to $27.5mm in 2014 and 2015 to earn an 85% share in Dejour�� interests in its Colorado properties, primarily Kokopelli, subject to certain interest claw backs available to Dejour. Following this capital investment by SECO, the partners will continue to judiciously develop the reserves on a pro rata basis.
The terms of the agreement include a capital injection to Dejour of approximately US$ 4.5mm, including cash and assumption of certain liability agreements on outstanding debt and the 100% development funding of an initial $10.5mm in capital expenditures in 2014 with a further $12mm in 2015, targeting Kokopelli, subject to certain provisions. Additionally, SECO will assume 85% of the ongoing overhead of Dejour�� U.S. operations and joint project management during the initial period. SECO will also share responsibility to maintain the other Dejour U.S. leases in good standing on a pro rata ownership basis or return them to Dejour in a timely fashion. Dejour will remain the operator of record.
��ECO shares Dejour�� value proposition relating to the company�� U.S. E&P portfolio. This partnership will bring many strategic advantages to Dejour: minimizing capital requirement in the short term, bolstering the company�� balance sheet and long term US cash flow, the provision of flexibility for Dejour to pursue new
Top 10 Electric Utility Stocks To Watch Right Now: QEP Midstream Partners LP (QEPM)
QEP Midstream Partners, LP (QEP), incorporated on April 19, 2013, is a limited partnership formed by QEP Resources, Inc. to owns, operates, acquires and develops midstream energy assets. The Company�� primary assets consist of ownership interests in four gathering systems and two Federal Energy Regulatory Commission (FERC)-regulated pipelines, through which it provides natural gas and crude oil gathering and transportation services. The Company�� assets are located in, or are within close proximity to, the Green River Basin located in Wyoming and Colorado, the Uinta Basin located in eastern Utah, and the portion of the Williston Basin located in North Dakota. As of December 31, 2012, the Company�� gathering systems had 1,475 miles of pipeline and an average gross throughput of 1.8 million british thermal units per hour of natural gas and 18,224 barrels of crude oil.
Green River System
The Company�� Green River System, located in western Wyoming, consists of three complimentary systems owned by Green River Gathering, Rendezvous Gas and Rendezvous Pipeline and gathers natural gas production from the Pinedale, Jonah and Moxa Arch fields. In addition to gathering natural gas, the system also gathers and stabilizes crude oil production from the Pinedale Field, transports the stabilized crude oil to an interstate pipeline interconnect, and gathers and handles produced and flowback water associated with well completion activities in the Pinedale Field. The Green River Gathering assets are comprised of 405 miles of natural gas gathering pipelines, 61 miles of crude oil gathering pipelines, 81 miles of water gathering pipelines and a 60-mile, FERC-regulated crude oil pipeline located in the Green River Basin. The Rendezvous Gas assets consist of three parallel, 103-mile high-pressure natural gas pipelines, with 1,032 million cubic feet per day of throughput capacity and 7,800 basic hydrogen peroxide of gas compression. Rendezvous Pipeline�� sole asset is a 21-mile, FERC-regu! lated natural gas transmission pipeline that provides gas transportation services from QEP�� Blacks Fork processing complex in southwest Wyoming to an interconnect with the Kern River Pipeline.
Vermillion Gathering System
The Vermillion Gathering System consists of gas gathering and compression assets located in southern Wyoming, northwest Colorado and northeast Utah, which, when combined, include 454 miles of low-pressure, gas gathering pipelines and 23,197 basic hydrogen peroxide of gas compression. The Vermillion Gathering System is primarily supported by life-of-reserves and long-term, fee-based gas gathering agreements with minimum volume commitments, which are designed to ensure that it will generate a certain amount of revenue over the life of the gathering agreement by collecting either gathering fees for actual throughput or payments to cover any shortfall. The primary customers on our Vermillion Gathering System include Questar, Samson Resources Corporation (Samson Resources), QEP and Chevron USA, Inc. (Chevron).
Three Rivers Gathering System
Three Rivers Gathering is a joint venture between QEP and Ute Energy Midstream Holdings, LLC (Ute Energy) that was formed to transport natural gas gathered by Uintah Basin Field Services, L.L.C., an indirectly owned subsidiary of QEP (Uintah Basin Field Services), and other third-party volumes to gas processing facilities owned by QEP and third parties. The Three Rivers Gathering System consists of gas gathering assets located in the Uinta Basin in northeast Utah, including approximately 50 miles of gathering pipeline and 4,735 basic hydrogen peroxide of gas compression.
Williston Gathering System
The Williston Gathering System is a crude oil and natural gas gathering system located in the Williston Basin in McLean County, North Dakota. The Williston Gathering System includes 17 miles of gas gathering pipelines, 17 miles of oil gathering pipelines 239 basic hydrogen peroxide o! f gas com! pression, and a crude oil and natural gas handling facility, located primarily on the Fort Berthold Indian Reservation.
The Company competes with Enterprise Products Partners, L.P., Western Gas and The Williams Companies, Inc.
Advisors' Opinion:- [By Lauren Pollock]
QEP Resources Inc.(QEP) plans to separate its midstream business, QEP Field Services Co., into a separate entity, including its interest in QEP Midstream Partners LP(QEPM).
- [By Dimitra DeFotis]
But things aren’t all bad. A spate of initial public offerings traded at nice prices Friday. Among them was QEP Midstream Partners (QEPM), an energy master limited partnership. (Press release here). More on IPOs from Bloomberg here.
- [By Jon C. Ogg]
QEP Midstream Partners L.P. (NYSE: QEPM) was started as Buy at Janney Capital, and note that four other firms started coverage earlier this week.
ServiceNow Inc. (NYSE: NOW) was started as Buy with a $55 price target at Canaccord Genuity.
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