Penny Roger$
12 years ago
When a dollar is worth 50 cents due to money printing inflation.. Stocks and commodities reflect that. Great insight as well.
IMO, oil and nat gas are both great.. Oil is my fav though.
It's all about 2013 earnings, which are estimated to nearly double.
Even with CMLP's historically high 42.08 P/E, 88%-plus growth in 2013 gives it a low 2013 PEG of .47, and makes it appear undervalued on a 2013 PEG basis.
This, coupled with the 8%-plus yield, are most likely what's driving CMLP's 2013 price gains.
Timothy Smith
12 years ago
It's all about 2013 earnings, which are estimated to nearly double.
Even with CMLP's historically high 42.08 P/E, 88%-plus growth in 2013 gives it a low 2013 PEG of .47, and makes it appear undervalued on a 2013 PEG basis.
This, coupled with the 8%-plus yield, are most likely what's driving CMLP's 2013 price gains.
Penny Roger$
13 years ago
Crestwood Midstream Partners LP, formerly Quicksilver Gas Services LP, is engaged in the business of gathering, compressing, treating, processing and transporting natural gas. It conducts its operations in the midstream sector of the energy industry with all of its operations conducted in the Fort Worth Basin in Texas. The Fort Worth Basin, which includes the Barnett Shale formation, is a crude oil and natural gas producing basin. On January 6, 2010, it acquired certain midstream assets from an affiliate, Quicksilver Resources Inc. consisting of a gathering system and a compression facility with a total capacity of 115 million cubic feet per day (MMcfd), an amine treating facility with capacity of 180 MMcfd and a dehydration treating facility with capacity of 200 MMcfd in the Alliance Airport area of Tarrant and Denton Counties, Texas. As of December 31, 2010, it managed approximately 500 miles of natural gas gathering pipelines. In November 2011, it acquired Tristate Sabine, LLC.
http://www.google.com/finance?q=CMLP