Hot Consumer Service Stocks To Buy Right Now: El Paso Pipeline Partners LP (EPB)
El Paso Pipeline Partners, L.P. engages in the ownership and operation of natural gas transportation pipelines and storage assets in the United States. The company holds a 100% interest in Wyoming Interstate Company, Ltd. (WIC), an interstate pipeline transportation company located in Wyoming, Utah, and Colorado. It operates approximately 800-mile WIC interstate natural gas pipeline system with a design capacity of approximately 3.5 billion cubic feet per day. The company also owns a 58% general partner interest in Colorado Interstate Gas Company, which operates an interstate natural gas pipeline system with approximately 4,300 miles of pipeline with a design capacity of approximately 4.6 billion cubic feet per day; and associated storage facilities with 37 billion cubic feet of underground working natural gas storage capacity. In addition, it owns a 60% general partner interest in Southern Natural Gas Company that operates an interstate natural gas pipeline system with ap proximately 7,600 miles of pipeline with a design capacity of approximately 3.7 billion cubic feet per day; and associated storage facilities with a total of approximately 60 billion cubic feet of underground working natural gas storage capacity. Further, the company owns interests in Elba Express Company, L.L.C., which operates an approximately 200-mile pipeline with a design capacity of 945 million cubic feet per day; and Southern LNG Company, L.L.C. that owns a liquefied natural gas receiving terminal with a storage capacity of 11.5 equivalent billion cubic feet. It serves natural gas distribution and industrial companies, electric generation companies, natural gas producers, other natural gas pipeline companies, and natural gas marketing and trading companies. El Paso Pipeline GP Company, L.L.C. serves as the general partner of the company. The company was founded in 2007 and is based in Houston, Texas. El Paso Pipeline Partners, L.P. is ! a subsidiary of El Paso Pipeline LP Holdings, L.L.C.
Advisors' Opinion:- [By Robert Rapier]
To review, Kinder Morgan is the general partner of Kinder Morgan Energy Partners and El Paso Pipeline Partners (NYSE: EPB). Shares/units of KMI, KMP, and EPB have all performed poorly this year relative to competitors, but mostly this is a result of a recent sell-off. The sell-off was prompted by a growth slowdown at KMP and halt of distribution increases at EPB, which was blamed on two adverse rate rulings for different segments of El Paso’s system. This has been extrapolated to a permanent slowdown at KMI, which we believe to be unwarranted.
source from Top Stocks To Buy For 2015:http://www.topstocksforum.com/hot-consumer-service-stocks-to-buy-right-now.html
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