March 8, 2017 - 8:00 AM EST
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East Daley Capital Advisors Adds Four Midstream Companies to Its Portfolio of Asset-Level Coverage

Expanded Coverage Provides Exclusive Insight into Permian Crude Oil Takeaway

East Daley Capital Advisors, Inc., an energy assets research firm redefining how markets view risk in midstream energy companies, announced today that it has initiated full coverage by asset on four new crude and refined product companies in the midstream market. These companies include: Sunoco Logistics Partners L.P.; Buckeye Partners, L.P.; DCP Midstream, L.P.; and Magellan Midstream Partners, L.P.

“Both Sunoco and Magellan are being fueled by Permian Crude Oil growth. Evaluating the assets of these two companies, along with our current coverage of Plains All American Pipeline, gives us an unprecedented view into Permian Crude Oil takeaway,” said Justin Carlson, VP and Managing Director, Research at East Daley.

“In addition, Buckeye Partners continues to grow and diversify into the global petroleum terminalling and storage market. Having this insight, along with full asset coverage on the newly-formed DCP Midstream, allows us to clearly see the combined assets and more accurately determine the level of risk,” added Carlson.

Here is a snapshot of each company East Daley is initiating full coverage for by asset:

  • Sunoco Logistics Partners L.P. (NYSE: SXL) - a master limited partnership that owns and operates a logistics business consisting of a geographically diverse portfolio of complementary crude oil, natural gas liquids, and refined products pipeline, terminalling and acquisition and marketing assets.
  • Buckeye Partners, L.P. (NYSE: BPL) - a publicly traded master limited partnership that owns and operates a diversified network of integrated assets providing midstream logistic solutions, primarily consisting of the transportation, storage, and marketing of liquid petroleum products.
  • DCP Midstream, L.P. (NYSE: DCP) – a newly formed entity incorporating the largest NGL producer and largest natural gas processor in the country. DCP gathers, compresses, treats, processes, transports, stores, and sells natural gas, as well as produces, fractionates, transports, stores and sells natural gas liquids and recovers and sells condensate, and transports, stores and sells propane in wholesale markets.
  • Magellan Midstream Partners, L.P., (NYSE: MMP) - a publicly traded partnership that primarily transports, stores and distributes crude and petroleum products.

East Daley’s asset-level allocation model, combined with in-depth analysis, brings greater transparency to the midstream energy financial market by providing investors with deeper, more accurate data to inform their investment decisions.

For more information or to request a trial, visit: http://eastdaley.com/request-a-trial/.

About East Daley Capital Advisors, Inc.

East Daley Capital is an energy assets research firm that is redefining how markets view risk for midstream energy companies. In addition to using top-level financial data to predict a company’s performance, East Daley delivers asset-level analysis that provides comprehensive, fact-based intelligence. Supported by a team of unbiased, experienced research analysts, East Daley provides its clients unparalleled insight into how midstream companies operate and generate cash flow. East Daley uses publicly available fundamental data and intersects that data with a company’s reported financials to break midstream companies down to asset-level cash flows. The result allows for more informed portfolio decisions. Founded in 2014, the company is based in Centennial, Colorado. For more information, visit http://www.eastdaley.com.

Moxie + Mettle (for East Daley Capital)
Meredith Bagnulo, 303-513-7494
meredith@moxiemettle.com
or
Maria Miller, 303-847-1409
maria@moxiemettle.com


Source: Business Wire (March 8, 2017 - 8:00 AM EST)

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