Fueling the Year Ahead, A Look Inside - Research Report on Targa, Sempra, Oneok, MarkWest Energy, and Energy Transfer Equity
NEW YORK, March 5, 2013 /PRNewswire/ --
Today, Investors Alliance announced new research reports highlighting Targa Resources Corporation (NYSE: TRGP), Sempra Energy (NYSE: SRE), Oneok, Inc. (NYSE: OKE), MarkWest Energy Partners LP (NYSE: MWE), and Energy Transfer Equity, L.P. (NYSE: ETE). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Targa Resources Corporation Research Report
The natural gas utilities sector continues to take initiatives that will allow for expansion. In January, Targa announced its acquisition of an additional property on the Houston Ship Channel and has been named as the Targa Patriot Marine Terminal. The additional terminal provides expansion potential for both the company's Petroleum Logistics fuels business as well as its LPG export capabilities. The proximity of the Patriot Terminal to Targa's petroleum logistics business and to its LPG exports facilities also offers cost effective future options to meet growing customers and market demands. Further plans for clean fuels and LPG export activity are also being developed and could substantially increase growth capital expenditures over time. The Full Research Report on Targa Resources Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investors-alliance.com/r/full_research_report/225e_TRGP]
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Sempra Energy Research Report
At the end of February, Sempra's Gas & Power unit announced the completion of its sale of one 625-megawatt block of its 1,250-megawatt Mesquite Power natural gas-fired power plant to the Salt River Project Agricultural Improvement and Power District, or SRP, for $371 million. SRP acquires 100 percent ownership of a 625-megawatt power block and 50 percent undivided interest in plant facilities. The other 625-megawatt power block and 50 percent interest in the plant facilities remain to be owned by Sempra U.S. Gas & Power. The proceeds of the transaction will be used to support the company's growth initiatives. In Q4 2012, the company's Natural Gas segment earned $19 million, resulting to higher Q4 earnings due to the receipt of the cash payment from Kinder Morgan, as well as the change in the intercompany agreement with Sempra Mexico. Full Research Report on Sempra Energy - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investors-alliance.com/r/full_research_report/7230_SRE]
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Oneok, Inc. Research Report
2013 seems to be a year for the diversified energy companies to invest on growth projects, as Oneok plans to invest up to $500 million from now to 2015 for additional growth projects including: building a fifth new natural gas processing facility in North Dakota; constructing a new 95-mile natural gas liquids pipeline; and modifying the natural gas liquids fractionation infrastructure at Hutchinson, Kansas to accommodate lighter, unfractioned natural gas liquids produced in the Williston Basin. Creation of the new processing plant will increase the company's natural gas processing capacity and the expansion of its downstream natural gas liquids infrastructure will offer additional fractionation and transportation capacity for the natural gas liquids coming from Williston Basin. Including the additional $500 million, Oneok now has total investments of around $4.7 billion to $5.3 billion through 2015 for infrastructure growth projects involving natural gas gathering and processing, as well as natural gas liquids. The Full Research Report on Oneok, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investors-alliance.com/r/full_research_report/2e0e_OKE]
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MarkWest Energy Partners LP Research Report
MarkWest Utica EMG, a joint venture between MarkWest Energy and The Energy and Minerals Group, made definitive agreements with Rex Energy to provide gathering, processing, fractionation, and marketing services in the Utica Shale. MarkWest Utica EMG expects to begin gathering and processing Rex Energy's liquid-rich gas production by June this year. The partnership is also constructing an extensive gathering system two large-scale processing complexes and a fractionation and marketing complex by 2014, to support Rex Energy and other Utica producers. When completed, MarkWest Energy will have the largest processing and fractionation capacity in the Utica Shale. The Full Research Report on MarkWest Energy Partners LP - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investors-alliance.com/r/full_research_report/a125_MWE]
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Energy Transfer Equity, L.P. Research Report
Energy Transfer Equities are also inclining towards joint activities, entering into an agreement with Enbridge for the joint development of a project to provide crude oil pipeline access to the eastern Gulf Coast refinery market from the Patoka, Illinois hub. The project will include the conversion from natural gas service to crude oil service of certain segments of pipeline that are currently in operation as part of the natural gas system of Trunkline Gas Company. The converted crude oil pipeline is expected to be in service by 2015. Energy Transfer Equity and Enbridge would each own 50 percent of the joint venture entity. Upon completion, the project will span over 700 miles. Over the last two years, the company has so far committed $15 billion of new investments that will open new markets and meet the demand of North American refiners. The Full Research Report on Energy Transfer Equity, L.P. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investors-alliance.com/r/full_research_report/469d_ETE]
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SOURCE Investors-Alliance
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