MMP new venture | MMP Message Board Posts

Magellan Midstream Partners L.P.

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Msg  46 of 55  at  7/14/2016 11:48:00 AM  by

PinewoodsBear

The following message was updated on 7/14/2016 11:51:42 AM.

MMP new venture

they bought 200 acres in Pasadena Tx along the Houston Ship Channel. Going to build storage tanks and a marine terminal able to take care of large ships.and add a pipine line to hook up with their system. Plan to have this up and runing in 2019.
I cannot see how this could not be a very profitable operation.
Info should be on their web site.
Market must like the news... stock trading at $75 .. near the high end of its 52 week range.
***PinewoodsBear***


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