Traders Cooperative

[Joe Stocks]

SMLP - Saw this post today in a SA article. With moves in natural gas I would not be surprised to see SMLP more positive on the next quarter CC.

" So Europe is chronically short gas and the U.S. wants to grow production to help them. SMLP's pipelines are mostly gas outside of the Bakken. The Utica and Marcellus can easily ramp up. And the Double E gas volumes should also ramp as you can't flare gas in New Mexico and you have the trunk line to get the gas from the Waha to the Gulf Coast for LNG......

$SMLP's equity is arguably the most torqued to natural gas than anyone else given the small equity as a percentage of its enterprise value combined with how under utilized its systems are...

For example, $TELL is ripping, yet the project is years away and the cost to build new trains has gone way up (think about the price of steel and other components), not to mention the amount of dilution required to raise the equity to build it....

All of $SMLP's infrastructure is built out...so $SMLP is TORQUED to higher gas volumes behind its system.... HELLLO, Mr. Market? Are you there...."

https://seekingalpha.com/article/4493808-summit-midstream-conservative-fy-2022-guidance

I added some this am for a trade. Now about 3% in to this stock now. More than what I am comfortable of about 2% of port. I have a stop loss on new shares at 14.50.