Ratings/Target Price Changes Log 06/30 (II) | MLPs Message Board Posts

  •  Registered Members of Investor Village:
    Please make sure you are signed in to your Investor Village account to enjoy the full benefits of our service and avoid the MediaPass paywall. If the MediaPass offer page is blocking you, click the light blue "No thanks, take me back" link on the middle right side of the form to get to our home page where you can sign in by entering your Investor Village User Name and Password. 

     MediaPass subscribers: Please make sure you are logged in to your MediaPass subscription to bypass the paywall. You can do this by clicking the light blue "Already have a MediaPass account? Login here" link on the middle left side of the subscription offer form and then entering the email address and password you used when you first signed up with MediaPass.  

    For assistance call 888-222-7309 or email admin@investorvillage.com

MLPs   /  Message Board  /  Read Message

 

 






Keyword
Subject
Between
and
Rec'd By
Authored By
Minimum Recs
  
Previous Message  Next Message   Post Message   Post a Reply return to message boardtop of board
Msg  120813 of 121121  at  6/30/2020 4:23:29 PM  by

lumpygravy


 In response to msg 120811 by  passandshoot
view thread

Re: Ratings/Target Price Changes Log 06/30 (II)

Brief clip....
 
CONCLUSION
NBLX continues to be better positioned than E&P-sponsored midstream peers given
its strength of sponsor (NBL), diversification by basin (DJ 75%/Permian 25% of 2020E
EBITDA), diversification by service (G&P, freshwater and pipeline) as well as diversification
by customers (~20% 3rd party business). The biggest differentiator relative to peers is that
NBLX provides a wellhead-to-water service via their ownership in the EPIC pipeline. NBLX
units offer ~20% total return to our revised $9/unit price target which is based on 7.0x
'21E EBITDA less net debt and non-controlling interests. The total return potential is not
enough to warrant a change in our Neutral rating at this time. The biggest catalyst ahead is
Q2 earnings which should represent the earnings and cash flow trough for the year. YTD,
NBLX is down 68.5% vs. AMZ -39.3%. NBLX has rebounded sharply (up 362%) from its
52 week low of $1.81/unit reached on 3/18/20.

 


     e-mail to a friend      printer-friendly     add to library      
| More
Recs: 7     Views: 173
Previous Message  Next Message   Post Message   Post a Reply return to message boardtop of board






About Us  •  Contact Us  •  Follow Us on Twitter  •  Members Directory  •  Help Center  •  Advertise
Not a member yet? What are you waiting for? Create Account
Want to contribute? Support InvestorVillage by donating
© 2003-2019 Investorvillage.com. All rights reserved. User Agreement
   
Financial Market Data provided by
.


Loading...