Kinder Morgan Acquires West Texas Oilfield To Leverage Carbon Capture Incentives: Report
- Kinder Morgan Acquisition: Kinder Morgan, Inc. has acquired oil and gas-producing assets in West Texas to increase output using U.S. carbon capture incentives.
- Purchase Details: The company paid around $100 million for the oilfield, which includes 265 wells and 11,600 acres of land with potential for enhanced oil recovery.
- Impact of Tax Credit: The U.S. Inflation Reduction Act's $60 per metric ton tax credit for carbon sequestration is driving oil and gas deals by making older oil-producing areas more attractive.
- Strategic Shift: Kinder Morgan plans to sell older oilfields to focus on higher-potential properties in the area.
- Investment Opportunities: Investors can access Kinder Morgan stock through Ultimus Managers Trust Westwood Salient Enhanced Midstream Income ETF MDST and Tortoise North American Pipeline ETF TPYP.
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U.S. Pipeline Construction Sparks Mixed Reactions Among Investors
Pipeline Boom: North America is experiencing a significant increase in pipeline construction, with companies laying extensive new pipelines across the U.S. and Canada.
Investor Caution: Despite the boom, investors are hesitant to invest due to past experiences where similar surges led to significant downturns.
Analyst's Projected 12-Month Target for TPYP
ETF Target Price Analysis: The Tortoise North American Pipeline Fund ETF (TPYP) has an implied analyst target price of $39.57 per unit, indicating a potential upside of 15.31% from its current trading price of $34.32.
Notable Holdings with Upside: Key underlying holdings of TPYP, such as USA Compression Partners LP (USAC), Genesis Energy L.P. (GEL), and Global Partners LP (GLP), show significant upside potential based on analyst target prices, with USAC at 21.43% higher, GEL at 18.17%, and GLP at 17.23%.
Analyst Target Justification: The article raises questions about whether analysts' target prices are justified or overly optimistic, suggesting that high targets relative to current prices could lead to future downgrades if they are based on outdated information.
Investor Research Recommendation: Investors are encouraged to conduct further research to assess the validity of analyst targets in light of recent company and industry developments.
ETF Movers on Friday: LIT and TPYP
ETF Performance: The Tortoise North American Pipeline Fund ETF is underperforming, down approximately 0.8% in Friday afternoon trading.
Weakest Components: Key components contributing to the ETF's decline include Targa Resources and New Fortress Energy, both down about 2% on the day.
Market Context: The article mentions the broader context of ETF movements, highlighting other ETFs like LIT and TPYP.
Author's Perspective: The views expressed in the article are those of the author and do not necessarily represent Nasdaq, Inc.
TPYP's Holdings Suggest Potential for 10% Increase
ETF Target Price Analysis: The Tortoise North American Pipeline Fund ETF (TPYP) has an implied analyst target price of $39.60 per unit, indicating a potential upside of 9.57% from its current trading price of $36.14.
Notable Holdings with Upside: Key underlying holdings of TPYP, such as Genesis Energy L.P. (GEL), USA Compression Partners LP (USAC), and Global Partners LP (GLP), show significant upside potential based on analyst target prices, with expected increases of 19.34%, 13.66%, and 12.31% respectively.
Analyst Target Justification: The article raises questions about whether analysts' target prices are justified or overly optimistic, suggesting that high targets could lead to downgrades if they do not align with recent market developments.
Investor Research Recommendation: Investors are encouraged to conduct further research to assess the validity of analyst targets and their alignment with current company and industry trends.
Breaking Down the Numbers: TPYP Aims for $40
ETF Analysis: The Tortoise North American Pipeline Fund ETF (TPYP) has an implied analyst target price of $39.66 per unit, while it is currently trading at approximately $35.58, indicating an expected upside of 11.46%.
Underlying Holdings Performance: Key holdings within TPYP, including Energy Transfer LP (ET), Plains All American Pipeline LP (PAA), and Plains GP Holdings LP (PAGP), show significant potential for growth based on analysts' target prices.
Analyst Target Comparisons: ET's average target price is $22.87, suggesting a 30.96% increase from its current price of $17.46; PAA has a target of $21.13 (20.21% upside), and PAGP's target is $21.25 (12.34% upside).
Investor Considerations: Questions arise regarding the validity of these analyst targets, prompting further research into whether they reflect realistic expectations or if they may be overly optimistic given recent market developments.
Analysts Predict 12% Upside For TPYP
ETF Analysis: The Tortoise North American Pipeline Fund ETF (TPYP) has an implied analyst target price of $39.49 per unit, indicating a potential upside of 12% from its current trading price of $35.26.
Stock Performance Insights: Notable underlying holdings such as Genesis Energy L.P., MPLX LP, and USA Compression Partners LP show significant upside potential based on analyst target prices, prompting questions about the validity of these targets amidst market developments.
U.S. Pipeline Construction Sparks Mixed Reactions Among Investors
Pipeline Boom: North America is experiencing a significant increase in pipeline construction, with companies laying extensive new pipelines across the U.S. and Canada.
Investor Caution: Despite the boom, investors are hesitant to invest due to past experiences where similar surges led to significant downturns.
Analyst's Projected 12-Month Target for TPYP
ETF Target Price Analysis: The Tortoise North American Pipeline Fund ETF (TPYP) has an implied analyst target price of $39.57 per unit, indicating a potential upside of 15.31% from its current trading price of $34.32.
Notable Holdings with Upside: Key underlying holdings of TPYP, such as USA Compression Partners LP (USAC), Genesis Energy L.P. (GEL), and Global Partners LP (GLP), show significant upside potential based on analyst target prices, with USAC at 21.43% higher, GEL at 18.17%, and GLP at 17.23%.
Analyst Target Justification: The article raises questions about whether analysts' target prices are justified or overly optimistic, suggesting that high targets relative to current prices could lead to future downgrades if they are based on outdated information.
Investor Research Recommendation: Investors are encouraged to conduct further research to assess the validity of analyst targets in light of recent company and industry developments.
ETF Movers on Friday: LIT and TPYP
ETF Performance: The Tortoise North American Pipeline Fund ETF is underperforming, down approximately 0.8% in Friday afternoon trading.
Weakest Components: Key components contributing to the ETF's decline include Targa Resources and New Fortress Energy, both down about 2% on the day.
Market Context: The article mentions the broader context of ETF movements, highlighting other ETFs like LIT and TPYP.
Author's Perspective: The views expressed in the article are those of the author and do not necessarily represent Nasdaq, Inc.
TPYP's Holdings Suggest Potential for 10% Increase
ETF Target Price Analysis: The Tortoise North American Pipeline Fund ETF (TPYP) has an implied analyst target price of $39.60 per unit, indicating a potential upside of 9.57% from its current trading price of $36.14.
Notable Holdings with Upside: Key underlying holdings of TPYP, such as Genesis Energy L.P. (GEL), USA Compression Partners LP (USAC), and Global Partners LP (GLP), show significant upside potential based on analyst target prices, with expected increases of 19.34%, 13.66%, and 12.31% respectively.
Analyst Target Justification: The article raises questions about whether analysts' target prices are justified or overly optimistic, suggesting that high targets could lead to downgrades if they do not align with recent market developments.
Investor Research Recommendation: Investors are encouraged to conduct further research to assess the validity of analyst targets and their alignment with current company and industry trends.
Breaking Down the Numbers: TPYP Aims for $40
ETF Analysis: The Tortoise North American Pipeline Fund ETF (TPYP) has an implied analyst target price of $39.66 per unit, while it is currently trading at approximately $35.58, indicating an expected upside of 11.46%.
Underlying Holdings Performance: Key holdings within TPYP, including Energy Transfer LP (ET), Plains All American Pipeline LP (PAA), and Plains GP Holdings LP (PAGP), show significant potential for growth based on analysts' target prices.
Analyst Target Comparisons: ET's average target price is $22.87, suggesting a 30.96% increase from its current price of $17.46; PAA has a target of $21.13 (20.21% upside), and PAGP's target is $21.25 (12.34% upside).
Investor Considerations: Questions arise regarding the validity of these analyst targets, prompting further research into whether they reflect realistic expectations or if they may be overly optimistic given recent market developments.
Analysts Predict 12% Upside For TPYP
ETF Analysis: The Tortoise North American Pipeline Fund ETF (TPYP) has an implied analyst target price of $39.49 per unit, indicating a potential upside of 12% from its current trading price of $35.26.
Stock Performance Insights: Notable underlying holdings such as Genesis Energy L.P., MPLX LP, and USA Compression Partners LP show significant upside potential based on analyst target prices, prompting questions about the validity of these targets amidst market developments.
