BUZZ-Capital One initiates coverage of U.S. midstream companies for the first time, viewing them as facing favorable growth momentum.
路透社2026/09/22 14:51September 22 - ** Capital One Securities initiates coverage on US midstream companies, noting that Middle East conflicts highlight the relative safety and reliability of US infrastructure.
** The broker adds that there are still several favorable factors in the industry and believes investors should buy on any significant pullback in share prices.
** With the new pipelines exporting from the Permian Basin coming online, we expect short-term market concerns around production cuts and regional pricing to ease, although related issues could resurface as soon as 2028 — Capital One Securities
** The broker states that inventory depth and quality, peak production timing, gas-oil ratio, enhanced recovery rates, and new exploration prospects will remain key topics going forward.
The broker initiates coverage on the following companies:
Company Name | PT | Rating | Upside/Downside Compared to Latest Closing Price |
Enterprise Product Partners EPD.N | $42 | Equal Weight | 9.2% upside |
Energy Transfer ET.N | $26 | Overweight | 24.4% upside |
Kinder Morgan KMI.N | $36 | Equal Weight | 13.4% upside |
ONEOK OKE.N | $110 | Overweight | 19.9% upside |
Williams Companies WMB.N | $92 | Overweight | 28.4% upside |
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