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Shell Midstream Part (SHLX)
32.08 ? 0.73 (2.33%)
Volume: 619,452 @ 4:02:01 PM ET
Bid Ask Day's Range
- - 31.27 - 32.43
SHLX Detailed Quote
Shell Midstream Partners, L.P. Acquires Interests in Mars Oil Pipeline and Odyssey Pipeline
http://ih.advfn.com/p.php?pid=nmona&article=72536210
Date : 09/27/2016 @ 5:19PM
Source : GlobeNewswire Inc.
Stock : Shell Midstream Partners, L.P. Common Units Representing Limited Partner Interests (SHLX)
Quote : 31.76 0.0 (0.00%) @ 4:00AM
Shell Midstream Partners, L.P. Acquires Interests in Mars Oil Pipeline and Odyssey Pipeline
Shell Midstream Partners, L.P. (NYSE: SHLX) today announced it has agreed to acquire from Shell an additional 20 percent equity interest
in Mars Oil Pipeline Company (Mars) and a 49 percent equity interest in Odyssey Pipeline L.L.C. (Odyssey) for $350 million.
“This acquisition further diversifies the Shell Midstream Partners portfolio with the inclusion of a well-positioned eastern Gulf of Mexico asset.
In addition, the partnership acquired an additional interest in an existing asset with a strong track record of delivery,” said John Hollowell, CEO of Shell Midstream Partners.
“Both Mars and Odyssey build on our key corridor pipeline strategy in the Gulf of Mexico and are advantageously positioned to continue to capture growth of offshore volumes along our footprint of assets.”
The acquisition price reflects an approximate 8.4 times multiple of the forecasted 2017 Adjusted EBITDA of the acquired interests.
The acquisition is expected to be immediately accretive to unitholders and funded with a combination of cash on hand and borrowings under Shell Midstream Partners’ credit facilities. The acquisition is expected to close on October 3, 2016.
Mars and Odyssey Highlights:
Mars delivers crude from the prolific Mars Basin and the Amberjack system, offering 600 kbpd of capacity into LOOP’s Clovelly facility
Odyssey has 220 kbpd of capacity from the eastern Gulf of Mexico to the Delta Pipeline system, enabling deliveries to refineries in Louisiana and Mississippi
The terms of the acquisition were approved by the Conflicts Committee of the Board of Directors of the General Partner of Shell Midstream Partners,
which is composed entirely of independent directors.
This committee was advised by Evercore Group, L.L.C. as to financial matters and Akin Gump Strauss Hauer & Feld LLP as to legal matters.
# # #
About Shell Midstream Partners, L.P.
Shell Midstream Partners, headquartered in Houston, Texas, is a fee-based, growth-oriented midstream master limited partnership formed by Royal Dutch Shell to own, operate, develop and acquire pipelines and other midstream assets.
Shell Midstream Partners’ assets consist of pipelines, crude tank storage and terminal systems that serve as key infrastructure to transport and store onshore and offshore crude oil production to Gulf Coast and Midwest refining markets and to deliver refined products from Gulf Coast markets to major demand centers.
INQUIRIES:
Investor Relations: +1 (832) 337-2034
Media Relations: +1 (713) 241-4544
FORWARD-LOOKING STATEMENTS
This press release includes various “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements.
Forward-looking statements are statements of future expectations that are based on management’s current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements.
Forward-looking statements include statements expressing management’s expectations, beliefs, estimates, forecasts, projections and assumptions, including statements regarding the benefits of the transaction, the prospects for and financial performance of the acquired assets and the financing and closing of the transaction.
You can identify our forward-looking statements by words such as “anticipate”, “believe”, “estimate”, “expect”, “forecast”, “goals”, “objectives”, “outlook”, “intend”, “plan”, “predict”, “project”, “risks,” “schedule,” “seek”, “target”, “could”, “may”, “will,” “should” or “would” or other similar expressions that convey the uncertainty of future events or outcomes.
In accordance with “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, these statements are accompanied by cautionary language identifying important factors, though not necessarily all such factors, which could cause future outcomes to differ materially from those set forth in forward-looking statements.
In particular, expressed or implied statements concerning future actions, future drop downs, volumes, capital requirements, conditions or events, future impact of prior acquisitions, future operating results or the ability to generate sales, income or cash flow or the amount of distributions are forward-looking statements. Forward-looking statements are not guarantees of performance.
They involve risks, uncertainties and assumptions. Future actions, conditions or events and future results of operations may differ materially from those expressed in these forward-looking statements. Forward-looking statements speak only as of the date of this press release, September 27, 2016, and we disclaim any obligation to update such statements for any reason, except as required by law.
All forward-looking statements contained in this document are expressly qualified in their entirety by the cautionary statements contained or referred to in this paragraph. Many of the factors that will determine these results are beyond our ability to control or predict.
These factors include the risk factors described in Part I, Item 1A. “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2015, as updated by our other filings with the SEC.
If any of those risks occur, it could cause our actual results to differ materially from those contained in any forward-looking statement. Because of these risks and uncertainties, you should not place undue reliance on any forward-looking statement.
NON-GAAP FINANCIAL MEASURES
This press release includes the terms Adjusted EBITDA and cash available for distribution.
We believe that the presentation of Adjusted EBITDA and cash available for distribution provides useful information to investors in assessing our financial condition and results of operations.
Adjusted EBITDA and cash available for distribution are non-GAAP supplemental financial measures that management and external users of our condensed consolidated financial statements, such as industry analysts, investors, lenders and rating agencies, may use to assess:
our operating performance as compared to other publicly traded partnerships in the midstream energy industry, without regard to historical cost basis or, in the case of Adjusted EBITDA, financing methods;
the ability of our business to generate sufficient cash to support our decision to make distributions to our unitholders;
our ability to incur and service debt and fund capital expenditures; and
the viability of acquisitions and other capital expenditure projects and the returns on investment of various investment opportunities.
The GAAP measures most directly comparable to Adjusted EBITDA and cash available for distribution are net income and net cash provided by operating activities. These non-GAAP measures should not be considered as alternatives to GAAP net income or net cash provided by operating activities. Adjusted EBITDA and cash available for distribution have important limitations as analytical tools because they exclude some but not all items that affect net income and net cash provided by operating activities. They should not be considered in isolation or as substitutes for analysis of our results as reported under GAAP.
Additionally, because Adjusted EBITDA and cash available for distribution may be defined differently by other companies in our industry, our definition of Adjusted EBITDA and cash available for distribution may not be comparable to similarly titled measures of
other companies, thereby diminishing their utility.
References in this press release to Adjusted EBITDA refer to net income before income taxes,
net interest expense, gain or loss from disposition of fixed assets, allowance oil reduction to net realizable value,
and depreciation, amortization and accretion, plus cash distributed to Shell Midstream Partners, L.P. from equity investments for the applicable period, less income from equity investments.
We define Adjusted EBITDA attributable to Shell Midstream Partners as Adjusted EBITDA less Adjusted EBITDA attributable to noncontrolling interests. References to cash available for distribution refer to Adjusted EBITDA attributable to Shell Midstream Partners, less maintenance capital expenditures attributable to Shell Midstream Partners, net interest paid, cash reserves and income taxes paid, plus net adjustments from volume deficiency payments attributable to Shell Midstream Partners and certain one-time payments not reflected in net income. Cash available for distribution will not reflect changes in working capital balances.
THIS AH STRONG BALANCE SHEET COMPANY. SHLX
Sold at high 31s Friday and today...had 3/4 portfolio in here at high 29...
Purchased some Hbi and mdca....but mostly still in cash...
I love this stock....midstream - assets!
I avoided cxw and nsm that had passed my chart criteria for a look(I'm proud of that!)
Look for Shlx to follow oil crash short term and I will buy all in!!!; except the 15% I have reserved for small cap buyout canidates...
Bgmd
Dzsi
Cvm
----want, but waiting to re-enter Aeti
Here comes the fake out! Down down down we go....like a mini - fast recession....
People thought the for faked Brexit; then early September....lol....here she/he comes.....hence I love this stock!!!! New 52week low? Waiting impatiently patient.
Really? I love this stock....
You're a bit too diverse for me....
What was up when I asked for opinion and thought and you shared bartchart link on $bgm* last week?
Anybody can find links; can you share ideas?
SHLX News: Amended Quarterly Report (10-q/a) 08/19/2016 05:29:17 PM
SHLX News: Current Report Filing (8-k) 08/15/2016 08:16:54 AM
SHLX News: Zydeco Takes the Next Step toward Meeting Customer Needs and Flexibility with LOCAP and Sunoco Logistics Joint Tariffs 08/11/2016 08:30:00 AM
SHLX News: Notice of Iran-related Disclosure Filed Pursuant to Section 13(r)(3) of the Exchange Act (irannotice) 08/04/2016 01:39:12 PM
SHLX News: Quarterly Report (10-q) 08/04/2016 01:09:45 PM
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Shell Midstream Part (SHLX)
29.68 ? -0.03 (-0.10%)
Volume: 401,368 @ 5:06:38 PM ET
Bid Ask Day's Range
- - 29.48 - 29.85
SHLX Detailed Quote
SHLX News: Amended Quarterly Report (10-q/a) 08/19/2016 05:29:17 PM
SHLX News: Current Report Filing (8-k) 08/15/2016 08:16:54 AM
SHLX News: Zydeco Takes the Next Step toward Meeting Customer Needs and Flexibility with LOCAP and Sunoco Logistics Joint Tariffs 08/11/2016 08:30:00 AM
SHLX News: Notice of Iran-related Disclosure Filed Pursuant to Section 13(r)(3) of the Exchange Act (irannotice) 08/04/2016 01:39:12 PM
SHLX News: Quarterly Report (10-q) 08/04/2016 01:09:45 PM
Shell Midstream Part (SHLX)
30.91 ? 0.38 (1.24%)
Volume: 179,397 @ 4:02:06 PM ET
Bid Ask Day's Range
- - 30.375 - 30.9199
SHLX Detailed Quote
SHLX News: Zydeco Takes the Next Step toward Meeting Customer Needs and Flexibility with LOCAP and Sunoco Logistics Joint Tariffs 08/11/2016 08:30:00 AM
SHLX News: Notice of Iran-related Disclosure Filed Pursuant to Section 13(r)(3) of the Exchange Act (irannotice) 08/04/2016 01:39:12 PM
SHLX News: Quarterly Report (10-q) 08/04/2016 01:09:45 PM
SHLX News: Current Report Filing (8-k) 08/04/2016 08:24:54 AM
SHLX News: Shell Midstream Partners, L.P. 2nd Quarter 2016 Unaudited Results 08/04/2016 08:00:00 AM
Shell Midstream Part (SHLX)
31.08 ? 0.38 (1.24%)
Volume: 273,966 @ 4:06:47 PM ET
Bid Ask Day's Range
- - 30.65 - 31.21
SHLX Detailed Quote
SHLX News: Shell Midstream Partners, L.P. Declares 6.4% Increase in Quarterly Distribution 07/20/2016 08:00:00 AM
SHLX News: Amended Current Report Filing (8-k/a) 07/13/2016 04:51:04 PM
SHLX News: Advance Notice of Second-Quarter Financial Results for Shell Midstream Partners, L.P. 07/08/2016 07:30:00 AM
SHLX News: Stocks Coverage on the Basic Materials Sector -- Forum Energy Technologies, Shell Midstream Partners, Crestwood Equity Partne... 06/29/2016 08:20:00 AM
SHLX News: Current Report Filing (8-k) 05/24/2016 04:37:31 PM
Shell Midstream Part (SHLX)
33.1 ? 0.19 (0.58%)
Volume: 191,267 @ 4:01:58 PM ET
Bid Ask Day's Range
- - 32.64 - 33.15
SHLX Detailed Quote
Attractive value proposition. Opportunities to get yield over the next rebound is solid.
SHLX News: Current Report Filing (8-k) 05/24/2016 04:37:31 PM
SHLX News: How Can Investors Benefit From These Oil And Gas Stocks? - ONEOK Partners, Crestwood Equity Partners, Shell Midstream Partner... 05/20/2016 08:25:00 AM
SHLX News: Current Report Filing (8-k) 05/19/2016 05:06:44 PM
SHLX News: Prospectus Filed Pursuant to Rule 424(b)(5) (424b5) 05/19/2016 04:56:55 PM
SHLX News: Shell Midstream Partners, L.P. Prices Offering of Common Units 05/18/2016 08:11:39 AM
Shell Midstream Part (SHLX)
33.75 ? 0.26 (0.78%)
Volume: 1,107,430 @ 4:41:05 PM ET
Bid Ask Day's Range
- - 33.47 - 33.94
SHLX Detailed Quote
SHLX News: How Can Investors Benefit From These Oil And Gas Stocks? - ONEOK Partners, Crestwood Equity Partners, Shell Midstream Partner... 05/20/2016 08:25:00 AM
SHLX News: Current Report Filing (8-k) 05/19/2016 05:06:44 PM
SHLX News: Prospectus Filed Pursuant to Rule 424(b)(5) (424b5) 05/19/2016 04:56:55 PM
SHLX News: Shell Midstream Partners, L.P. Prices Offering of Common Units 05/18/2016 08:11:39 AM
SHLX News: Prospectus Filed Pursuant to Rule 424(b)(3) (424b3) 05/17/2016 04:44:51 PM
Shell Midstream Part (SHLX)
33.87 ? 0.4 (1.20%)
Volume: 1,275,077 @ 5:33:22 PM ET
Bid Ask Day's Range
- - 33.1 - 33.94
SHLX Detailed Quote
SHLX News: Shell Midstream Partners, L.P. Declares 6.8% Increase in Quarterly Distribution 04/20/2016 08:00:00 AM
SHLX News: Advance Notice of First-Quarter Financial Results for Shell Midstream Partners, L.P. 04/07/2016 12:30:00 PM
SHLX News: Current Report Filing (8-k) 03/25/2016 04:17:59 PM
SHLX News: Prospectus Filed Pursuant to Rule 424(b)(5) (424b5) 03/25/2016 04:11:22 PM
SHLX News: Shell Midstream Partners, L.P. Prices Offering of Common Units 03/23/2016 08:37:46 AM
Shell Midstream Part (SHLX)
37.77 ? 0.67 (1.81%)
Volume: 319,258 @ 5:40:21 PM ET
Bid Ask Day's Range
- - 36.45 - 37.96
SHLX Detailed Quote Wiki
SHLX News: Advance Notice of First-Quarter Financial Results for Shell Midstream Partners, L.P. 04/07/2016 12:30:00 PM
SHLX News: Current Report Filing (8-k) 03/25/2016 04:17:59 PM
SHLX News: Prospectus Filed Pursuant to Rule 424(b)(5) (424b5) 03/25/2016 04:11:22 PM
SHLX News: Shell Midstream Partners, L.P. Prices Offering of Common Units 03/23/2016 08:37:46 AM
SHLX News: Prospectus Filed Pursuant to Rule 424(b)(3) (424b3) 03/23/2016 06:07:12 AM
Shell Midstream Part (SHLX)
35.04 ? 1.05 (3.09%)
Volume: 113,759 @ 1:18:36 PM ET
Bid Ask Day's Range
- - 33.61 - 35.13
SHLX Detailed Quote Wiki
SHLX News: Notice of Effectiveness (effect) 03/03/2016 06:02:23 AM
SHLX News: Current Report Filing (8-k) 03/02/2016 05:54:02 PM
SHLX News: Securities Registration Statement (simplified Form) (s-3/a) 03/01/2016 06:32:13 AM
SHLX News: Notice of Iran-related Disclosure Filed Pursuant to Section 13(r)(3) of the Exchange Act (irannotice) 02/29/2016 06:38:32 AM
SHLX News: Current Report Filing (8-k) 02/24/2016 08:49:03 AM
Shell Midstream Part (SHLX)
35.73 ? 0.2 (0.56%)
Volume: 393,636 @ 4:02:01 PM ET
Bid Ask Day's Range
- - 35.18 - 36.48
SHLX Detailed Quote Wiki
SHLX News: Statement of Ownership (sc 13g) 02/03/2016 12:04:42 PM
SHLX News: Statement of Ownership (sc 13g) 02/01/2016 02:28:38 PM
SHLX News: Prospectus Filed Pursuant to Rule 424(b)(3) (424b3) 01/29/2016 06:05:50 AM
SHLX News: Notice of Effectiveness (effect) 01/28/2016 06:01:40 AM
SHLX News: Amended Statement of Ownership (sc 13g/a) 01/26/2016 12:26:13 PM
Shell Midstream Part (SHLX)
36.22 ? -0.27 (-0.74%)
Volume: 314,442 @ 4:02:01 PM ET
Bid Ask Day's Range
- - 35.65 - 37.23
SHLX Detailed Quote Wiki
one of better oil concern performance/ DAILY/
DAILY/ [-chart]ih.advfn.com/p.php?pid=staticchart&s=SHLX&p=0&t=17&showctype=1&width=336&height=190&vol=1&afterhours=130[/chart]
[-chart]chart.finance.yahoo.com/t?s=SHLX&lang=en-US®ion=US&width=300&height=180[/chart]
[-chart]stockcharts.com/c-sc/sc?s=SHLX&p=D&b=2&g=0&i=p72104498736&r=1395542761133[/chart]
Shell Midstream Part (SHLX)
39.88 ? 0.48 (1.22%)
Volume: 7,133 @ 10:23:15 AM ET
Bid Ask Day's Range
- - 39.27 - 39.94
SHLX Detailed Quote Wiki
$SHLX recent news/filings
bullish 37.095
double bottom
note: limited partnership, k-1 forms
basic chart ## source: stockcharts.com
basic chart ## source: stockscores.com
big daily chart ## source: stockcharts.com
big weekly chart ## source: stockcharts.com
$SHLX DD Notes ~ http://www.ddnotesmaker.com/SHLX
## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/SHLX/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/SHLX/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=SHLX+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=SHLX+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=SHLX+Industry
## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/SHLX/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/SHLX/news - http://finance.yahoo.com/q/h?s=SHLX+Headlines
## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/SHLX/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/SHLX/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/SHLX/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/SHLX/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/SHLX/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/SHLX/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/SHLX/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/SHLX/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=SHLX+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/SHLX
## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/SHLX/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/SHLX
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/SHLX/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/SHLX/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/SHLX/sec-filings
Edgar filings (sec.gov): http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000320193&owner=exclude&count=40
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/SHLX/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/SHLX/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/SHLX/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/SHLX/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=SHLX&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=SHLX
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/SHLX/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=SHLX+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=SHLX+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=SHLX
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=SHLX
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=SHLX+SHLXh+Flow&annual
## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/SHLX/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=SHLX+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/SHLX.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=SHLX
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/SHLX/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/SHLX/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/SHLX/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/SHLX/insider-transactions
## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/SHLX
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/SHLX
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/SHLX:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=SHLX
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=SHLX
StockTwits (stocktwits.com): http://stocktwits.com/symbol/SHLX
$SHLX DD Notes ~ http://www.ddnotesmaker.com/SHLX
Shell Midstream Part (SHLX)
33.38 ? 0.1 (0.30%)
Volume: 423,552 @ 4:21:06 PM ET
Bid Ask Day's Range
- - 32.84 - 33.76
SHLX Detailed Quote Wiki
'Shell Midstream Partners Lp (SHLX)'
i believe.
This is about as low as it should go in my opinion.
This MLP is oversold at this level in my opinion.
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